Airline stocks enjoy share price bump following positive forecast for 2019 January 21, 2019 Several airline stocks have enjoyed share price bumps today following a positive note on European airlines by Davy Research. Air France-KLM, Norwegian and Thomas Cook were among the airlines that enjoyed spikes in their share price, with the Franco-Dutch carrier enjoying a near 5 per cent rise. Norwegian's share price increased by 3.52 per cent [...]
Thomas Cook and Fosun International join forces to open two new hotels in China January 21, 2019 Travel operator Thomas Cook is to build two new hotels in China as part of its joint venture with investment company Fosun international, including the first Asian branch of its Casa Cook brand. Thomas Cook chief executive Peter Fankhauser and Fosun International head Jim Qian recently signed memorandums of understanding for the development of a Casa [...]
London commuters spend £153 a week shopping – here’s what they spend it on January 21, 2019 Commuter spending sprees contribute £22.8bn to the UK economy every year, with London commuters splashing out almost twice the national average, according to new data. Commuters in the capital fork out on average £153 a week while on the move, nearly double the UK average of £89, research by the Centre for Business and Economics [...]
Full speed ahead for motor insurers on the legal road to self-driving cars January 21, 2019 In the last twelve months alone, the government has spoken loudly about the direction in which it wants advances in self-driving cars to go. And yet, though these developments are certainly innovative, and exciting, speed bumps remain – especially for the motor insurance industry – on the road to autonomous vehicles becoming an everyday reality. [...]
Rolls-Royce confirms supply talks for Chinese-backed nuclear project in Essex January 21, 2019 Rolls-Royce has confirmed it is considering supplying equipment for a power plant China’s largest state-owned nuclear firm plans to build in Essex. China General Nuclear Power Group (CGN) is looking to ease concerns over national security on the project planned for Bradwell on the Essex shoreline, which using Rolls-Royce as a supplier could help with. [...]
Carlos Ghosn offers electronic tagging and holdings in Nissan in bid to overturn bail refusal January 21, 2019 Carlos Ghosn has volunteered to wear an electronic ankle tag and hire security to keep watch on him in a last ditch attempt to secure bail after being imprisoned in Japan for alleged financial misconduct. The ousted Nissan chairman has also offered to post stock he owns in the company as collateral and hand over [...]
Electric cars expected to reach 21m globally by 2030 January 21, 2019 There will be an additional 21m electric vehicles on the road globally in the next decade, according to new analysis by audit firm Deloitte. In 2018 there were two million electric cars, with Deloitte predicting the number to rise to four million in 2020, 12m in 2025 and 21m by 2030. The report predicts battery [...]
Government under pressure to ban Huawei from 5G upgrade January 20, 2019 The government is facing pressure to decide whether to ban Chinese company Huawei from involvement in the UK’s 5G infrastructure upgrade. Commons science and technology committee chairman Norman Lamb has pressed culture secretary Jeremy Wright to explain whether the UK will ban the telecoms giant over concerns about espionage. America, New Zealand and Australia, which [...]
Michelin chief Jean-Dominique Senard is a potential successor to Carlos Ghosn at Renault after praise from France’s finance minister January 20, 2019 Michelin chief executive Jean-Dominique Senard could be in line to replace Carlos Ghosn as boss of French car company Renault, following comments made on Sunday by French finance minister Bruno Le Maire. Ghosn, who headed up the three-way alliance between Renault, Nissan and Mitsubishi, is being held in Japan on numerous charges of alleged misconduct [...]
Flybe’s biggest shareholder threatens legal action over proposed £2m takeover January 19, 2019 The biggest shareholder of Flybe is considering legal action over the cut-price takeover of the airline, having accused the company’s directors of breaching duties to investors. London-based asset manager, Hosking Partners, owns 19 per cent of British airline Flybe and has asked lawyers to assess its options ahead of the proposed takeover from a consortium [...]