Yamaha issues musical instrument case warning after Carlos Ghosn escape January 14, 2020 Yamaha has warned people not to try and squeeze into musical instrument cases after reports former Nissan boss Carlos Ghosn used the ploy to escape Japan. The musical instrument maker refused to give a specific reason, but said it had noticed increased interest in climbing inside the cases in recent weeks. “We won’t mention the [...]
Flybe: Boris Johnson keeps options open on air passenger duty cut January 14, 2020 Boris Johnson has fuelled further speculation that the government will cut air passenger duty on domestic flights in a bid to keep struggling regional airline Flybe aloft. The Prime Minister said that although he does not see it as the government’s role to bail companies out, Flybe was important for people getting around the country. [...]
Warhammer creator Games Workshop shares hit record high after bumper first half January 14, 2020 Games Workshop shares hit a record high this morning after it enjoyed rising profits over the first six months of the financial year. In a continuation of the success which has driven its share price up more than 1,000 per cent over the last five years, the Nottingham-based company behind the Warhammer game series said [...]
Troubled airline Flybe insists flights continue as normal amid survival funding talks January 13, 2020 Flybe’s chief executive today pleaded with employees not to give away details of its financial situation, as the struggling airline remained tight-lipped on reports that it is hurtling towards collapse today. Europe’s biggest regional carrier was rocked by suggestions that it is in a fresh battle for survival on Sunday night, less than a year [...]
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 [...]
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 [...]
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 [...]
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 [...]
Sacked former Boeing boss Dennis Muilenburg leaves with $62m payout January 13, 2020 Former Boeing boss Dennis Muilenburg has left the firm with a $62m (£48m), despite having overseen one of the most disastrous years in the company’s 104-year history. The payment comes in compensation and pension benefits, but Muilenburg will not get severance pay, according to Boeing. Read more: Boeing 737 MAX ‘designed by clowns’ internal memos reveal [...]
Astrazeneca takes $100m hit on failed heart disease drug tests January 13, 2020 Astrazeneca is in line for a $100m hit after a heart disease drug was shown to be ineffective in treating certain heart conditions in tests. After the disappointing results, the drug manufacturer said it would stop running trials on the drug, known as Epanova. Read more: Astrazeneca beats estimates in strong third quarter It also [...]
