Porsche enjoys record sales despite industry struggles January 13, 2020 Porsche has powered ahead of an industry-wide sales slowdown for car makers, reporting record deliveries for 2019. The German luxury manufacturer said global deliveries rose 10 per cent to 280,000 cars in 2019, driven by demand for the Macan and Cayenne SUV models. Read more: Carmaker Porsche facing German tax investigation Meanwhile, it predicted that [...]
China says Taiwan secession will ‘leave a stink for 10,000 years’ January 13, 2020 China’s top diplomat has said that Taiwanese separatists would “leave a stink for 10,000 years” as Beijing reacted to the re-election of President Tsai Ing-wen on Saturday. Tsai was re-elected by a landslide majority over the weekend on a platform of standing up to the mainland government. Read more: Taiwan ready and able to be [...]
Museum of London lodges application for Smithfield Market move January 13, 2020 The Museum of London has submitted its plans to relocate to Smithfield Market, claiming that the new site could become one of the capital’s top-10 tourist attractions. The move would be a part of the wider project to move the historic Smithfield meat market, along with New Spitafields fruit and vegetable market and Billingsgate fish [...]
Renault shares hit six-year low amid reports of split plans with Nissan January 13, 2020 French car giant Renault’s shares hit a six-year low this morning, after reports suggested Nissan had accelerated secret contingency planning for a potential split from their alliance. The company’s stock plunged as low as €40.16 this morning, a four per cent drop for the day, before recovering slightly to €40.59. Read more: Electric cars take record [...]
Lululemon raises profit outlook after strong Christmas trading January 13, 2020 Exercise clothing retailer Lululemon raised its profit outlook today after a strong sales performance over the important Christmas trading period. Shares in the retailer jumped around two per cent in early trading this morning after it announced that profit per share for the quarter to 2 February is expected to be $2.22 to $2.25. Read [...]
Alphabet nears $1 trillion valuation on ad growth optimism January 13, 2020 The valuation of Google parent company Alphabet is on the verge of hitting the prestigious $1 trillion (£770bn) mark after a string of positive analyst coverage pushed up its share price. Shares in Alphabet edged to within one per cent of the $1 trillion market capitalisation on Friday as the tech firm continues a bullish [...]
Chinese car sales tumble again in 2019 January 13, 2020 The Chinese car market was in reverse for the second consecutive year in 2019, as the cooling economy and the nation’s trade disputes with the US hit consumers. Sales slumped 8.2 per cent to 25.8m vehicles last year, after a 2.8 per cent fall to 28.1m in 2018, according to the China Association of Automobile [...]
And then there were five… Thornberry scrapes through to second round of Labour leadership race, as Lewis drops out January 13, 2020 Five candidates have secured enough nominations to get through to the second round of the Labour leadership contest, with just one contender dropping out. Shadow foreign secretary Emily Thornberry is thought to have scraped through after she secured enough support from MPs and MEPs with just minutes to go, however Clive Lewis dropped out before [...]
Clive Lewis withdraws from Labour leadership race January 13, 2020 Clive Lewis has pulled out of the Labour leadership race after only getting five endorsements from other MPs. The Norwich South MP needed 22 nominations by 2.30pm to proceed to the next round, however he only managed to pick up five. Read more: Labour leadership race: Rebecca Long-Bailey rejects Corbyn comments that party ‘won the [...]
Flybe ‘near collapse’: What do we know so far? January 13, 2020 Flybe, the biggest regional airline in Europe, is said to be on the brink of collapse. Sky News reports the carrier is engaged in a frantic bid for emergency funding, and the government is also said to be involved in the talks – which come just four months after Thomas Cook went bust in late [...]