Ford’s Europe president says a no-deal Brexit would be an ‘absolute disaster’ for the car industry November 29, 2018 Ford's Europe, Middle East and Africa president has said a no-deal Brexit would be an "absolute disaster" for the auto industry. Speaking at a conference in London, Steven Armstrong said Ford was already "spending money on no-deal plans that we may never need" to avoid a cliff edge in which the UK leaves the EU without a [...]
Bayer seeks buyer for major assets as company plans 12,000 redundancies November 29, 2018 Bayer will lay off 12,000 workers as part of a plan to drag the company’s share price up by its bootstraps. Management today announced it will lose around 10 per cent of its 118,200 workers worldwide, with a large portion of the redundancies being made in Germany. It is also looking to sell off its [...]
Renault, Nissan and Mitsubishi meet to discuss future of alliance amid Ghosn scandal November 29, 2018 Car manufacturers Renault, Nissan and Mitsubishi have restated their commitment to each other following the arrest of chairman Carlos Ghosn. Executives from the three companies, which operate as an alliance, were seen arriving for a meeting in Amsterdam early this morning, according to Reuters. It is the first time representatives for the alliance have met [...]
Volkswagen is planning a new US plant for electric cars as it takes the fight to Tesla November 29, 2018 German car manufacturer Volkswagen is marking out spots for a future electric vehicle factory in North America, as major car firms gear up to face rival firm Tesla's impact on the market. The newly-appointed chief executive of Volkswagen's US arm said the firm is planning a new plant to build a car that has yet to [...]
Network Rail faces regulator fine after performance slumps to lowest level in four years November 29, 2018 The rail regulator has said Network Rail must improve its performance or face a fine. The Office of Rail and Road (ORR) said punctuality and reliability fell to their lowest levels since 2014 between April and mid October this year. The ORR said Network Rail's performance has been affected by factors such as extreme weather and [...]
A new Brexit referendum could be held on 30 May, says Justine Greening November 29, 2018 A new Brexit referendum could be held within six months, according to former Conservative cabinet minister Justine Greening. The Putney MP said today that if parliament defeats Theresa May’s Brexit deal on 11 December, wheels could be put in motion for another country-wide poll on 30 May. Such a move would see the Article 50 process [...]
Jaguar Land Rover to axe 200 jobs from west Midlands plant amid stalling UK production November 29, 2018 Jaguar Land Rover (JLR) is to cut more jobs at its Solihull plant as a result of moving the production of its Discovery model out of the UK. The company, which already announced that 1,000 agency workers would be laid off in April, said today around 200 more people working at its Lode Land site [...]
Theresa May and Jeremy Corbyn at loggerheads over whether to appear on BBC or ITV for Brexit live debate November 29, 2018 Theresa May and Jeremy Corbyn are to battle it out in a live head-to-head TV debate – although it is unclear whether it will take place on BBC or ITV. The Prime Minister has accepted the BBC’s offer to take part in a Brexit debate on 9 December, two days before MPs are to vote [...]
What millennials want: Not what you think November 29, 2018 | City Talk Everyone thinks they have millennials figured out. But a new report suggests we don’t know what we think we know about this critical demographic, especially when it comes to investing. And that’s a big deal for finance professionals. Think about it: Millennials are poised to inherit about $30 trillion in the next 30 years. If [...]
Whitehall tells late payment outsourcers to ‘clean up their act’ or face not winning public contracts November 29, 2018 Government contractors who do not pay suppliers on time could be prevented from winning public contracts altogether, Whitehall has said. Cabinet Office (CO) minister Oliver Dowden announced the crackdown this morning, which will see serial slackers on supplier payments forced to “clean up their act” or face being prevented from winning new contracts from Autumn 2019. [...]