Tesla shares fall as it cuts car prices and misses production estimates January 2, 2019 Shares in Tesla have fallen more than 10 per cent as markets opened this afternoon, after the electric vehicle manufacturer said it would be cutting the prices of its cars by $2,000 (£1,586). The carmaker was forced to partially absorb the cost of changes to a US green tax credit for electric vehicles, which almost halved yesterday to [...]
Energean puts its foot on the gas with deal to supply Israeli company January 2, 2019 Energean Oil & Gas topped the mid-cap risers in London this morning as the company secured a $900m deal to supply gas to an Israeli provider. The London and Tel Aviv listed company rose as high as six per cent to 665.9p in the morning as it said IPM Beer Tuvia had agreed to buy [...]
John Lewis ends year on a high as sales are boosted by last-minute Christmas shopping January 2, 2019 John Lewis reported a rise in sales during the last week of the year as shoppers rushed to buy last-minute Christmas gifts and cash in on sales. Total sales for the the department store chain were up 4.5 per cent for the week ending 29 December, compared with the same period last year. The company [...]
Aston Martin begins search for new audit firm three months after IPO January 2, 2019 Aston Martin is on the hunt for a new audit firm just three months after it floated on the London Stock Exchange. The luxury car maker has begun to contact new accountancy firms after KPMG, which has carried out the work since 2007, declined the opportunity to re-pitch for the role, Sky News reported today. [...]
Millennials face a long wait online as next batch of 26-30 railcards go on sale nationwide January 2, 2019 Millennials are facing long waits to get their hands on the next batch of 26-30 railcards, which were launched this afternoon. The 26-30 railcard, which costs £30 for a year, went on sale at midday. It offers one third off most rail fares for more than 4m people across the UK, meaning railcard holders will save [...]
Ophir shares soar as it catches the eye of Indonesian giant Medco January 2, 2019 Medco’s potential bid for London-listed Ophir Energy would create a strong player in south east Asia, but could fall through over price disagreements, analysts said today. Ophir's stock surged this morning after confirming talks with Medco over a potential offer for the business. Shares rose by around a third to as high as 50.8p per share today, [...]
Android apps send user data to Facebook without consent, report shows January 2, 2019 Almost two dozen popular Android apps automatically send user data to Facebook as soon as they are opened in a potential breach of data protection laws, a new report by Privacy International has revealed. An analysis of 34 Android apps showed 61 per cent of apps automatically transfer data to Facebook, even if the user [...]
DNO bid undervalues Faroe by 48 per cent company claims January 2, 2019 Faroe Petroleum has said a hostile bid from its biggest shareholder DNO undervalues the company by up to 48 per cent as the offer period is set to end today. DNO, which values Faroe at around £608m, offered 152p per share for the company in late November, giving shareholders until today to accept the bid. [...]
Shares in law firm Gordon Dadds resume trading following Ince & Co merger deal January 2, 2019 Shares in listed law firm Gordon Dadds resumed trading today after it sealed a merger with shipping firm Ince & Co. Shares in Gordon Dadds were suspended in September after City A.M. broke the news that the pair were in late-stage merger talks. Gordon Dadds has taken over the UK assets of Ince, having originally [...]
Theresa May will ‘find a way’ to get her Brexit deal through parliament, says Jeremy Hunt January 2, 2019 Theresa May will "find a way" to get her Brexit deal through parliament, foreign secretary Jeremy Hunt has said. In Singapore today the foreign secretary said May would be able to get her deal through the Commons once she has come back with "reassurances" from the EU on the Irish backstop that has prevented many MPs from [...]