Nissan cuts profit forecast and books £65m charge on Carlos Ghosn compensation February 12, 2019 Nissan slashed its full-year profit forecast amid falling sales today as it also took a hit related to compensation for its former chairman, Carlos Ghosn, who is awaiting trial on financial misconduct charges. The Japanese car manufacturer revised its full-year profit forecast from ¥540bn down to ¥450bn (£3.2bn). Read more: No, Nissan’s move is not proof that [...]
Breakdown group AA boosts full-year profit expectations February 12, 2019 Breakdown cover group AA today raised expectations for its full-year profit after retaining or extending its key business contracts. In a trading update AA said it expects its earnings before interest, tax, depreciation and amortisation (Ebitda) would be not less than £340m, having previously said it expected profit to be in the range of £335m [...]
Thyssenkrupp profits tumble as steel division troubles and macro woes take their toll February 12, 2019 Thyssenkrupp today posted a sharp drop in first quarter profits as global economic woes and trade conflicts drove up costs. The German conglomerate said income before tax fell 33 per cent to €215m (£189m) in the three months to the end of December. Read more: Thyssenkrupp predicts higher profits after tough financial year Net sales [...]
Eon front of the queue with £117 increase as energy suppliers eye price rises February 11, 2019 Eon has become the first energy company to jack up prices for almost 2m customers just days after Ofgem said it would let suppliers charge more for electricity and gas. Customers on default tariffs will face bills over 10 per cent higher from the beginning of April, the company confirmed today. Read more: Ofgem price [...]
UK slips behind Norway and Finland in readiness for driverless cars February 11, 2019 Britain’s rivals are speeding ahead in the race to introduce driverless cars onto the roads, according to research. The UK slipped two places this year down to seventh place in KPMG’s rankings on progress and capacity for adopting the technology, overtaken by Norway and Finland. Read more: Tomtom to focus on driverless after €910m sale [...]
Mercedes’ strong Chinese showing was not enough to avert steep January fall in sales February 11, 2019 Mercedes-Benz deliveries dropped sharply in January, but still made for the firm’s second-best ever start to a year after a record beginning for 2018. The luxury car maker said although sales dropped 6.7 per cent on the previous month to 180,539 units, an upcoming new model offensive would make 2019 another record year. Read more: Daimler [...]
Heathrow passenger numbers take off in strong start to 2019 February 11, 2019 Heathrow Airport started 2019 as it meant to go on by boosting passenger numbers two per cent year on year to 5.9m, it revealed today, despite posting a stark drop in demand for local flights. Read more: Sadiq Khan: TfL working with airports to plan for no-deal Brexit The 2.1 per cent rise helped Heathrow [...]
The final frontier: Opportunities for global Britain lie in the stars February 11, 2019 This summer marks the fiftieth anniversary of the first humans landing on the moon on 20 July 1969. It was a defining moment of human achievement that still intrigues and fascinates to this day. First Man, Hollywood’s look at the life of the astronaut Neil Armstrong, played by Ryan Gosling, has just been nominated for [...]
Utilitywise speaking to buyers as it looks for way out of financial woes February 11, 2019 Utilitywise’s 1,000 staff are waiting with bated breath as it speaks to investors over a potential £10m sale, which could keep the struggling company afloat. After failing to clinch the investment it needed from shareholders, the company put itself up for sale at the end of last month. Now it has confirmed that it is [...]
Seaborne Freight’s no-deal Brexit contract scrapped by government February 9, 2019 Seaborne Freight has had its contract with the government cancelled after it emerged the firm had no ferries to carry vehicles or goods across the channel. The Department for Transport (DfT) agreed a contract with Seaborne worth £13.8m in case a no-deal Brexit occurred. However, the DfT revealed it has terminated the deal with the freight [...]