LSEG reports 7.8% rise in first-half profit, announces buyback
The company said total income, excluding recoveries, in the first half was 4.49 billion pounds, up 7.8% on an organic constant currency basis. Analysts were expecting a 7.5% increase on average, according to a company-compiled poll.
Reuters provides news for LSEG's news and data terminal Workspace.
($1 = 0.7541 pounds)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Lamborghini's new $380K hybrid supercar redefines luxury tech
Lamborghini's new hybrid supercar, the Temerario, blends electrification with extreme performance — all for just $380,000. Yahoo Finance Senior Reporter Pras Subramanian joins Asking for a Trend to share insights from his interview with Lamborghini president and CEO Stephan Winkelman. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. Ultra luxury car maker Lamborghini is out with its new hybrid vehicle with a price tag of $380,000. And our senior Autos reporter Pras Subramanian spoke with the company's president and got to drive the car. Pras, welcome. Yes, yes. The new Lamborghini Tamburario is out, the hybrid supercar. Now, so they've now fully electrified their line with hybrids. You know, Lamborghini was supposed to actually put out an EV pretty soon, but they've sort of had to dial that back a little bit. And, you know, before we got a chance to drive the car, I spoke to CEO Stephan Winkelmann about their EV plans. We've seen a number of companies, including yours, kind of push back the full EV timeline. What's the latest on that? Well, we decided two things after looking into the acceptance curve of battery electric vehicles, which is flattening in comparison to the previous, you know, thoughts of the global automotive industry. And therefore, also for us, it's lowering the expectation in terms of growth rate. So we decided that the follow-up of the Urus PHEV will be again a plug-in hybrid car. And then we postponed our first model a bit to understand when is the right time to come with it. So it still makes some sense for BEV in the luxury world, potentially? Potentially, but we have to see as we said here, we have to come not when the technology is ready, but when the time is ready and when it's going to be successful and when the customers are accepting it. And this is paramount for a company like ours, because we are delivering dreams and not mobility. Yeah, so delivering dreams versus mobility. They're not a mobility company. They're, you know, they're an emotional performance company. So actually, that combined with, you know, the EV story, combined with tariffs, that's been a thing that's been coming up for really expensive cars, you know, how do you handle that? What they've been doing is they've been absorbing a lot of that cost and passing on some of that to their customers. They think it's unfair to pass the whole cost down. So that's part of the sort of business decision there with the company. Then we have the new trade deal, so that's going to help them out. Uh, you know, secondly, I kind of asked about sort of the future of the company and where they kind of see this luxury EV maker, I'm sorry, luxury automaker, where they see themselves. And here's what he had to say. What do you see the next 20 years bring to Lamborghini? Lamborghini is not about volumes, no. It's about how much you earn that you can reinvest in a newest technology for the future. Because the world is more complex, life cycles are shortening, investments are getting higher, technology is evolving faster. So you have to keep up with it and so we have to grow in terms of awareness, image, and to have a solid customer base, which is appreciating our cars also in 20 years from now. And this depends a lot on us if we keep up with the newest technology, but if we continue also to be trendsetters. You know, despite some of these issues with electrification, tariffs, some sort of global uncertainty here with higher rates, things like that, Lamborghini still had first half sales a little bit higher compared to last year, which is more than you can say about a lot of luxury automakers who have been suffering recently. What about the new car? You test drove it. How did it feel? Uh, the new car is simply, I guess, pretty astounding. The predecessor was called the Huracán. This new Tamburario is 1,000, I mean 900 horsepower, almost 1,000 horsepower, right? A V8 that goes to 10,000 RPM, right? But what's really interesting about this car is that it has, it's electrified. So it has two motors in the front, right? That drive each front wheel. So basically when you kind of go around turns, it'll spin the outside wheel faster, kind of move the car around. So you almost feel like you can do anything in this car, right? Like you can go 200 miles an hour, hit the brakes, turn right really hard, and the car will do it. It's kind of like almost like magic, trickery, alien technology, whatever you want to call it. Uh, this car sort of has it all and it's super fast. I will say that because of the turbo technology and the electric motors, it's not as loud as the predecessor was, the V10, howling V10. This engine can get pretty loud, but if you're driving 10,000 RPM at that speed, you shouldn't be on any local roads. Who is, who do they take it on? Who's the rival for this new car? So Lamborghini and Ferrari have been locked in battle for a while now. Ferrari would say we're one of one Lamborghini, they're just, they're not our competition, but in reality, they really are. Uh, you have Aston Martin, right? You have McLaren. You have cars up this level, up this price, performance-wise. I've not driven the Ferrari 296, but I've heard that that car is sort of the pinnacle, and the Tamburario is probably there, if not, maybe surpasses it, I'm not sure. I've got to drive it. Yeah. Next assignment, that's what it is. Thank you, Pras. Related Videos Ford posts Q2 beat, but warns of tariff impact Boeing Q2 earnings preview: Tariffs & Air India crash in focus Labor data: Jobs report preview & immigration policy's impact Trump Gives Mexico 90-Day Reprieve from Tariffs Sign in to access your portfolio
Forbes
18 minutes ago
- Forbes
I Tried ChatGPT's AI Agent To Make Money Online. Here's What Happened
Everyone's talking about AI agents. But why all the hype? 'They're the new future of work,' IBM's executive Justina Nixon-Saintil told me back in February when I visited IBM's headquarters in London. Nixon-Saintil predicted that very soon, AI agents would be so powerfully effective that they would be our new teammates at work. One day, you could be logging into your desktop and be greeted with hybrid team members: not an actual hybrid team in the working-from-home sense, but the kind that is half human, half robot, like something of an eery sci-fi movie. 'These agents can actually execute the work for you," Nixon-Saintil said. "Now, managers will need to know how to lead humans and how to lead a team of AI agents.' (*From Upwork's survey of 3,000 knowledge workers in May 2025) I was already curious about AI agents and just how useful they could be in this new world of work. But now that OpenAI released its new ChatGPT Agent mode, I decided to put it to the test and see if it could actually help me build a business and make money online as a freelancer. In this article, I share what I discovered. What Is An AI Agent? An AI agent is an AI tool (still in early stages) that can perform complex tasks and acts much like an assistant or even as an employee. 'AI agents are the tools we use to interact with AI. They can automate and perform complex tasks, such as natural language processing, that would normally require humans,' says McKinsey & Company. What Can Agentic AI Do? McKinsey further explains that you can organize agents into systems that can: What Are The Best AI Agents? There are different types of AI agents, some of which you may already use for work, like Copilot and ChatGPT. Then there are more advanced models and software, fantastic for entrepreneurs, freelancers, and professionals launching side hustles (especially when you have limited time because you're working 9-5), such as: Can ChatGPT's AI Agent Really Help You Make Money Online? The short answer is yes. As a well-experienced freelancer with six years under my belt, I decided to give ChatGPT's new agent mode a go, and see if it could transform my business or be just another hype. What I did: The results were astounding. I was able to watch the agent work in real time as it: "Emphasize measurable results in experience entries. For roles at CreatiSphere and Rachel Wells Coaching, spell out metrics that matter to high‑net‑worth clients: revenue growth, client portfolio size, geographies served and notable partnerships. Incorporate achievements such as 'grew coaching business to $300K+ revenue in 2024,' 'helped 10,000 professionals across eight countries increase income,' or 'secured Fortune‑500 clients for corporate training programmes.' Now that was something to think about. I tell my clients all the time to use quantifiable metrics wherever possible, and I did this in my about summary section on LinkedIn, but had never considered including metrics like my coaching business revenue in my experience section. The AI agent gave me tons of actionable steps which I'm currently implementing to take my business to the next level, and even though I already have partnerships and clients, I know for sure that when I apply these tips to my business I'll be able to secure even more six-figure deals using the leverage I have. This is just one example of how you can use AI agents like ChatGPT's agent mode to help you make more money, especially as a freelancer. Here's another powerful example of how to make as much as $10,000 from this simple AI agent trick with ChatGPT. See this screenshot below: My prompt: I want you to identify 10 key decision-makers for me to land speaking engagements, who are already in my LinkedIn network, and draft a message to them by way of introduction to build a relationship with them. Slight caveat: If you're using ChatGPT's agent mode to log into some websites and perform tasks for you, it may not be able to bypass the 'I'm not a robot' human verification, even if you take over and control its desktop and perform the verification yourself. How Do You Use AI Agents To Make Money? AI agents like ChatGPT certainly can transform your ability to make money online through your skills and start/boost your freelance business, if used for tasks like: Here's how, step-by-step: Will I use ChatGPT Agent mode again? Absolutely. I'm looking forward to reporting back on how my income and business revenue doubles after using this fantastic tool for the next few months. In the meantime, give agentic AI a try and see what it can do for your career, your money, and your business.
Yahoo
41 minutes ago
- Yahoo
Car finance payouts have been limited, but lenders aren't off the hook
There may well be a few sighs of relief from senior finance company and banking executives following the Supreme Court's ruling, but it is unlikely you will hear the champagne corks popping. The verdict does almost certainly reduce the potential compensation bill significantly. Lenders no longer face the prospect of having to pay £30bn to £40bn to aggrieved car buyers. The likelihood of the government stepping in also appears to have receded dramatically. Nevertheless, the industry is not off the hook. The Financial Conduct Authority may still open a redress scheme for cases where dealers had a financial incentive from lenders to ramp up interest rates on loans as much as possible. The Supreme Court's ruling also upheld one consumer claim, in which the commission payments were deemed unfair – and that could provide a template for others to follow. All of this means the compensation bill could still be in the billions. The Supreme Court's intervention has been eagerly awaited since October, when the Appeal Court issued a verdict in three test cases which could have triggered an avalanche of compensation claims. In each case, people who had bought cars on finance claimed they were partially or wholly unaware that the deal had involved a commission payment being made by the lender to the car dealer. They claimed that in law the commissions amounted to bribes, or secret payments. The Appeal Court judges agreed, essentially saying that commission payments made by a finance company to a dealer for arranging a car loan were illegal if the car buyer had not given his or her "informed consent". They also concluded that a car dealer had a "fiduciary duty" towards the car buyer when it came to arranging a car loan. In other words, the dealer should set his or her own interests aside, and act purely on the customer's behalf. This meant that millions of car buyers could potentially claim compensation – if they could show that the dealer had not specified what commission payments they were receiving for lining up a finance deal. It was not enough for the details to be buried in small print. Lenders had feared that this would lead to an avalanche of claims against them – and that the same arguments could be used to challenge other kinds of consumer finance agreements as well, potentially increasing the compensation bill still further. But the Supreme Court threw very cold water over those arguments. The President of the Court, Lord Reed, dismissed the idea that car dealers had a "single minded duty of loyalty" to their customers, and insisted they "plainly and properly" had personal interests in the finance agreements they were involved in. The ruling clearly blocks off what could have been a very wide avenue for compensation claims. However, the court did side with one of the claimants. In the case of Marcus Johnson, a factory worker, it decided that the finance agreement was "unfair" under the terms of the Consumer Credit Act. This was because the size of the commission payment was very large, and because Mr Johnson had been misled about the relationship between the dealer and the lender. He was, they said, entitled to compensation. Analysts say this could open the doors for other cases in which the commission payments are seen to be egregious. There is also a key question the Supreme Court ruling does not answer. This is what should happen in cases involving so-called Discretionary Commission Agreements (DCAs). These were finance deals in which the car dealer could set the interest rate of a loan, within a set scale. The higher the rate, the more commission they would be paid – and the customer would be unaware of the fact. The Financial Conduct Authority banned such deals in 2021. It is now considering whether to launch a redress scheme for consumers who were affected by them. If it goes ahead, millions of car buyers could still have a claim, though it is not clear how much compensation they would get. According to Richard Barnwell, a financial services advisory partner at accountancy firm BDO, the bill could still be substantial. "We believe there is still a potential for redress, for example, if discretionary commission arrangements are deemed to be an unfair relationship, redress could still be from to £5bn to £13bn or more," he said. Other analysts agree. According to Martin Lewis, who runs the MoneySavingExpert website, "the Supreme Court has certainly narrowed the number of people who will be able to reclaim car finance. I think you're probably talking the lower end of £10bn, as opposed to £40bn." That £10bn would still be a significant figure. But the finance industry appears to have avoided the potential free-for-all rush to claim compensation the earlier verdict had threatened to spark off. And while the Treasury says it will "work with regulators and industry to understand the impact for both firms and consumers", the BBC understands that the likelihood of the government intervening with retrospective legislation to protect financial firms has now diminished significantly. Sign in to access your portfolio
