Car dealership group Pendragon says supply constraints slow vehicle sales as profits dive July 20, 2022 Car dealership group Pendragon said this afternoon that “supply constraints” have impacted new vehicle volumes over the past six months as it said profits will dip year on year. The company said it expects to post a pre-tax profits of around £33m for the six months to the end of June, compared with £35.1m over [...]
Boris Johnson urges next PM ‘not to always listen to Treasury’ in parting shot at Rishi Sunak July 20, 2022 Outgoing Prime Minister Boris Johnson said big infrastructure projects would not have been built “if we’d always listened to the Treasury” in an apparent parting shot at his former chancellor Rishi Sunak. The Prime Minister gave some “words of advice” to his successor during his final Commons appearance, which included: “Cut taxes and deregulate wherever [...]
Sunak dangles red meat to Tory members with onshore wind farm crackdown July 20, 2022 Former Chancellor and leading Tory leadership contender Rishi Sunak has committed to keeping in place tight planning onshore wind planning rules.
McLaren close to securing additional £100m from Gulf backers to fast-track new models July 20, 2022 McLaren is reportedly close to securing additional funding worth more than £100m to fast-track the production of new models. The cash-call – which could be finalised as early as tonight – would give the luxury car maker at least £80m of capital for the delivery of new road cars, sources told Sky News’ Mark Kleinman. [...]
Apple settles £42m lawsuit over MacBook keyboards July 20, 2022 Apple has settled a $50m (£42m) lawsuit over its MacBook keyboards, after claimants said the tech giant knowingly sold unresponsive keyboards products.
European market plunge is opportunity for bargain hunters, say BlackRock analysts July 20, 2022 A plunge in the value of European equities has presented an opportunity for bargain-hunting investors to snap up stocks, a BlackRock investment chief said today.
Sizewell C one step closer to construction after Government greenlights development July 20, 2022 The Government has granted development consent for Sizewell C - a proposed nuclear plant off the coast of Suffolk.
Olive branch: Easyjet’s founder calls for ceasefire with airline management July 20, 2022 Easyjet’s founder and majority shareholder Sir Stelios Haji-Ioannou has called for a ceasefire in the long-standing feud with the airline’s management. The Greek-Cypriot entrepreneur was one of the many shareholders to vote in favour of an order for new Airbus planes during today’s shareholder meeting, sources told the Financial Times. The purchase – which was [...]
Funding platforms hail Austin Review potential ‘watershed moment’ for retail investors July 20, 2022 Investment platforms have hailed the Austin Review a potential “watershed” moment for retail investors today as ministers and regulators look set to widen access to the UK’s capital markets.
‘Hasta la vista, baby’: Johnson bids farewell in final PMQs July 20, 2022 Boris Johnson has told the nation it is “mission largely accomplished – for now” in his final parliamentary address as Prime Minister, while also invoking Arnold Schwarzenegger by declaring: “hasta la vista, baby.” In a farewell address that referenced Winston Churchill and 1980s film The Terminator, Johnson told his successor to “stay close to the [...]