Lockheed Martin buys United Tech’s Sikorsky for $9bn July 20, 2015 Lockheed Martin has confirmed reports that it has bought the maker of the Black Hawk helicopter Sikorsky from United Tech in a deal worth $9bn. United Technologies said last month that it planned to sell off Sikorsky, with Lockheed the front-runner to pick it up. The deal adds the Black Hawk helicopter, favoured by the US [...]
Taser finds UK electrifying with $4m deal for distributor TSR July 20, 2015 Taser, the US firm which makes the namesake devices used by law enforcement, has bought a British distributor of the non-lethal weapon. The Nasdaq-listed company has acquired Daventry-based Tactical Safety Responses (TSR) which distributes the Taser as well as body cameras in the UK, for a reported $4m (£2.5m). Staff and services will remain the [...]
Sofa so good: Made.com bags £40m from Partech Ventures and Fidelity Growth Partners July 20, 2015 Online retailer Made.com, which sells plush furniture at cheaper prices than on the high street, has bagged millions of pounds in new investment to fuel growth. The five-year-old company, co-founded by Brent Hoberman of Lastminute.com fame, has picked up a new round of investment totalling £38m led by Partech Growth Fund, along with Fidelity Growth [...]
As rental prices soar, where do Londoners move to when they quit the city? Broadstone and Brentwood top the list July 20, 2015 London rental prices are soaring, forcing some Londoners to look move from the capital in search of cheaper lodgings. But where do they tend to go? While the commuter belt soaks up the majority (50.3 per cent of those leaving the capital stay in the south east, according to Homelet) of former Londoners, it is [...]
Bank of England governor Mark Carney would be wrong to hike interest rates this year, and the next move should be a cut July 20, 2015 At a time when central banks all around the world are stimulating their economies through monetary easing and/or quantitative easing, it's madness that the Bank of England is considering raising interest rates – and if anything the next move should probably be a cut to 0.25 per cent. The Bank of Canada cut rates last [...]
Gold loses its gleam as talk of a US interest rate hike encourages investors July 20, 2015 Gold lost some of its shine this morning, as the precious metal's price fell four per cent to as low as $1,088.05 (£697) an ounce during early trading in Asia – its lowest level since March 2010. Additionally, the price of platinum dropped five per cent in its weakest trade since the global financial [...]
Rolls-Royce secures two aerospace contracts worth over £1bn July 20, 2015 After a rocky few months in which its share price has plummeted, Rolls-Royce delivered some positive news to investors with the announcement of two new corporate contracts together worth over £1bn. Read more: Rolls-Royce share prices down 8pc following profit warning Rolls-Royce's share price rose just under one per cent in early trading after it announced [...]
Standard Chartered share price rises as Bill Winters confirms management shakeup July 20, 2015 New chief executive Bill Winters has barely been at the helm of Standard Chartered a month, but he's already made his presence felt after the bank confirmed a shakeup of its management team this morning. Read more: Challenge set for Winters on day one at StanChart Shares in the bank rose one per cent to 1,027.3p [...]
Tullow Oil share price falls as technical difficulties suspend Ghana field exports July 20, 2015 Share in UK-listed oil producer Tullow Oil fell 1.5 per cent to 277p in morning trading, after it admitted technical difficulties at one of its key fields have meant exports have been suspended and production capped since the beginning of this month. The company said exports from its Jubilee Field to the state-run Ghana Gas [...]
The UK government’s student immigration policy is bad for business and the economy July 20, 2015 Education, particularly higher education, is one of this country’s great success stories. Every year thousands of students come here to learn and along the way they become lifelong friends of Britain. Nonsensically, the government seem intent on making this whole process harder. Under current rules most students can apply for a work visa while still [...]