Mitsubishi says it has enough cash to ride out its tests scandal May 11, 2016 Japanese car giant Mitsubishi has sought to reassure shareholders today, telling them it has enough cash to ride out the ongoing scandal over its misreported test data – while simultaneously warning there was worse to come. The company, which last month admitted it had lied about the fuel economy on four of its models – [...]
Amazon’s new Top Gear finally has a name (and it’s kind of meh) May 11, 2016 Car fans have been waiting a while, but the new version of Top Gear finally has a name. Featuring the former hosts of the BBC car show Jeremy Clarkson, James May and Richard Hammond, The Grand Tour will soon make its debut on Amazon Prime. Yep, The Grand Tour. Read more: Jeremy Clarkson helps Amazon Prime promote [...]
UK terror threat from Northern Ireland raised to “substantial” May 11, 2016 The UK raised its terror threat from Northern Ireland to "substantial" from "moderate". This means there's a "strong possibility" of a an attack in England, Scotland or Wales. Read more: Terror in the heart of Europe – British security services on high alert after double attacks in Brussels "This means that a terrorist attack is a strong possibility [...]
Supermarket wines from Aldi, Asda, Tesco, Waitrose, Marks & Spencer and others uncork victory at International Wine Challenge May 11, 2016 Supermarket wines won big yesterday at the 2016 International Wine Challenge (IWC), with budget grocers Aldi and Asda joining premium brands such as Waitrose and Marks & Spencer in the gold-winning big leagues. Gold medals were award to 28 wines created for supermarkets in total at the world-renowned competition, which included offerings from Aldi, Asda, [...]
Before the bell: What you need to know before the US market open May 11, 2016 US stocks are set to open down after pulling in strong rises yesterday. The S&P is down by 0.12 per cent in the pre-market, the Nasdaq is 0.1 per cent lower, while the Dow is 0.2 per cent off. It's been a poor showing so far from European markets, coming off the back of a disappointing trading [...]
William Hill’s share price drops as bookmaker announces lower revenues due to Cheltenham Festival, European football May 11, 2016 After issuing a profit warning in March, William Hill's revenues have indeed fallen off the back of a poor Cheltenham festival, the company said today in a trading statement. William Hill's share price fell more than six per cent today on the news. The figures Group net revenues at the bookie were down three per [...]
Allianz confirms it is aiming for €10.5bn for 2016, give or take €500m May 11, 2016 Allianz today confirmed its operating profit outlook of approximately €10.5bn (£8.3bn) for 2016, after experiencing what it called a strong start to the year. "The first quarter represented a great start to the year," said Dieter Wemmer, finance chief of Allianz SE. "We are well on our way towards achieving our operating profit target in the range of [...]
Macy’s cuts its sales and earnings forecasts for 2016 May 11, 2016 US retail giant Macy's cut its sales and earnings growth forecasts, as consumers remain reluctant to splash the cash. It now expects full-year comparable sales to slump between three to four per cent, compared to its previous guidance for a decline of about one per cent. Terry Lundgren, Macy's chairman and chief executive officer, said: "We have an opportunity [...]
EU referendum: Nearly £16m in donations to registered campaigners have been reported to the Electoral Commission May 11, 2016 The Leave camp has raised more than the Remain camp overall so far in the EU referendum. Almost £16m in donations to registered campaigners in the EU referendum has been reported in the first pre-poll donations and loans report, of which more than half was donated to groups backing Brexit. Some £15,639,146 in donations was [...]