Elon Musk stripteases at launch of Tesla SUV at new China factory January 7, 2020 Elon Musk left his army of followers hot under the collar this morning, when he posted a video of himself seemingly beginning a striptease on stage at the launch of Tesla’s Model Y in Shanghai. The Tesla boss was at his firm’s new Gigafactory in the city, when he started dancing in front of the [...]
Arrest warrant for Carlos Ghosn’s wife issued in Japan January 7, 2020 Japanese prosecutors have obtained an arrest warrant for Carole Ghosn, wife of the former Nissan Chairman Carlos Ghosn, for alleged perjury. Prosecutors said in a statement on Tuesday they had obtained the warrant on suspicion Carole Ghosn had made false statements during testimony to the Tokyo district court in April. Read more: Going, going, Ghosn: [...]
Aston Martin shares fall as it warns annual profit will halve January 7, 2020 Aston Martin today warned annual core profit could halve as European sales weakened over its peak Christmas period. The struggling luxury car manufacturer told investors that annual earnings before interest, tax, depreciation and amortisation (Ebitda) will sink to between £130m and £140m. Read more: Aston Martin swings to £13.5m loss as it blames ‘soft’ UK [...]
Premier Oil shares soar as it pays $625m for BP North Sea assets January 7, 2020 Shares in Premier Oil soared in early trading after the UK oil company announced it will buy two major North Sea assets from BP for $625m (£473.8m). The oil and gas firm is planning to buy the Andrew Area and Shearwater assets from competitor BP, as well as an extra 25 per cent interest in [...]
Rebecca Long Bailey pledges to ‘fight the establishment tooth and nail’ in Labour leadership bid January 7, 2020 Rebecca Long Bailey has pledged to “fight the establishment tooth and nail” as she announced her bid for the Labour leadership this morning. The shadow business secretary had been widely expected to run, and she is viewed as a continuity candidate with close links to Jeremy Corbyn. Long Bailey joins five other candidates including shadow [...]
Morrisons sales fall in ‘unusually challenging’ Christmas period January 7, 2020 Supermarket giant Morrisons has announced a drop in sales for the Christmas period amid “unusually challenging” trading conditions and “sustained” customer uncertainty. Group like-for-like sales excluding fuel fell 1.7 per cent for the 22 weeks to 5 January. Including fuel, the drop was 2.8 per cent. Total sales excluding fuel were down 1.3 per cent, [...]
Carr’s Group maintains expectations despite weaker agriculture performance January 7, 2020 Carr’s Group has upheld its performance expectations for the full year, with a weaker showing from its agriculture business offset by strength in its engineering division. In a trading update issued this morning, the Carlisle-based farming supplies firm said trading in its agriculture business had fallen behind expectations for the 18 weeks to 4 January. [...]
Soleimani death: US denies Iraq withdrawal after leaked letter January 7, 2020 The Pentagon has said a US general’s letter telling Iraq that US-led coalition troops would withdraw from the country after the death of Iran’s military commander Qasem Soleimani “was a mistake”. Instead, US military officials insisted soldiers would remain in Iraq despite a letter said the US would be “repositioning forces in the coming days [...]
Want to improve the civil service? Get rid of poor performers and hire some fresh talent January 7, 2020 Dominic Cummings has, once again, taken aim at the establishment — this time the civil service. In an unorthodox job advert last week, he declared his intentions to hire “an unusual set of people” to revolutionise government. Predictably, retired grandees of the profession are up in arms. Whenever anyone calls for Whitehall reform — and [...]
London’s legal tech status burnished by $5m US investment in startup Juro January 7, 2020 London’s status as a hub for legal tech was boosted today by the investment of $5m (£3.8m) in contracts startup Juro in a funding round led by a US firm that backed Twitter and Kickstarter. Juro is an end-to-end contract management platform with customers such as Deliveroo and Skyscanner. The company today announced it has [...]