Dialight shares up as outlook brightens after outsourcing contract cancelled March 4, 2019 Shares in lighting company Dialight soared this morning after analysts said the company is back on track following the cancellation of a failed manufacturing outsourcing contract. The company’s share price was up as much as ten per cent after analysts said the firm’s financial results, which were published last week, appeared to “draw a line [...]
Keller Group investors hopeful of better year after ‘deeply unsatisfactory’ 2018 results March 4, 2019 Keller Group shares soared 13 per cent on Monday morning despite profits plummeting in 2018, as investors hope it has drawn a line below a difficult restructuring year. The world’s largest geotechnical specialist contractor embarked on a major reorganisation of its businesses in Malaysia, Singapore, Brazil and South Africa. The move caused more than 700 people [...]
Huawei said to be planning lawsuit against US government over product ban March 4, 2019 Chinese telecoms giant Huawei is set to sue the US government for banning federal agencies from using its products, the New York Times reported, citing people familiar with the matter. The lawsuit, which will be filed in the Eastern District of Texas, will likely accuse the US of enacting a so-called bill of attainder, which [...]
Ghosn’s new lawyer sets fresh strategy as he aims to cut bail deal for former Nissan CEO March 4, 2019 Carlos Ghosn’s new lawyer struck an optimistic note today, saying that the ousted former Nissan boss could soon win bail from custody in Japan following two previous failed requests. Junichiro Hironaka, dubbed “the Razor” due to his mental sharpness, told a news conference: “I believe it’s possible he could be released in the near future,” Reuters reported. Read [...]
UK construction activity falls for first time in 11 months March 4, 2019 UK construction activity declined in February for the first time in eleven months led by a drop in commercial building work. Civil engineering work also fell but residential construction continued to grow for the 13th consecutive month, according to the IHS Markit / CIPS Construction purchasing managers’ index (PMI). The survey of businesses also found [...]
Engine maker Rolls-Royce shares fall after pulling out of Turkish fighter jet bid March 4, 2019 Rolls-Royce shares fell two per cent on Monday morning after announcing over the weekend it had scaled back attempts to join a programme to build a new Turkish fighter jet. The engine manufacturing giant had been in talks with Turkey’s Kale Group, but they ran into problems last year because of a dispute over the [...]
Daily Mail shares jump following Euromoney shareholder giveaway March 4, 2019 Shares in newspaper group Daily Mail and General Trust (DMGT) jumped more than five per cent this morning after the company said it would return shares to shareholders. The company last night said it would return its 49 per cent stake in business media group Euromoney, along with £200m in cash, to certain DMGT shareholders. [...]
Budget airlines Ryanair and Wizz Air report soaring passenger numbers in February March 4, 2019 Budget airlines Ryanair and Wizz Air reported boosted traffic year-on-year in February, however both carriers saw passenger numbers drop on the previous month. A total of 9.3m customers flew with Ryanair in February, an increase of 13 per cent from 8.6m the previous year. Read more: Wizz Air profits tumble but airline clings to guidance [...]
DEBATE: MPs are about to get a pay rise – but do they deserve it? March 4, 2019 MPs are about to get a pay rise – but do they deserve it? John Oxley, a Conservative commentator, says YES. MPs will soon earn £79,468. It’s far more than most people, but still not enough to lure the most talented individuals into our legislature. An ambitious and highly capable graduate in the City or [...]
Europe cannot afford to return to the failed policies of the past March 4, 2019 I am not one to argue for policies of centralisation. I am a great believer in the principle of subsidiarity as a practical reality rather than as empty words in a treaty. Nevertheless, there are areas where Europe is better served by acting as one. One such area is competition policy, where Europe has to [...]