Aerospace engineer Senior mulls selling aerostructures division December 9, 2019 Senior, an engineering supplier to the likes of Boeing and Daimler, has admitted it is thinking about selling off its aerostructures division, in a deal that could be worth up to £450m. Shares in the FTSE 250 company rose 5.5 per cent today after it confirmed reports that emerged over the weekend that a sale [...]
Lender Amigo’s CEO and chairman quit as founder gets back on the board December 9, 2019 The chief executive of high interest rate lender Amigo, Hamish Paton, has resigned this morning after less than five months in the job. He is joined by chairman Stephan Wilcke, who has told the board he will not look for a new mandate at the firm’s next shareholder meeting next year. Remuneration chair Clare Salmon [...]
Watch Tesla boss Elon Musk take his Cybertruck out for a spin December 9, 2019 Outspoken Tesla boss Elon Musk has yet again used his celebrity status to promote his latest product, taking the controversial Cybertruck out for a night on the town in Malibu. The eccentric billionaire, who was last week cleared of defamation for calling a British cave diver a “pedo guy” on Twitter, arrived at paparazzi hotspot [...]
Global oil prices fall as Chinese exports shink again in November December 9, 2019 Oil prices fell this morning, after China’s exports of goods and services shrank for the fourth month in a row. Brent futures were down 0.5 per cent, at $64.03 per barrel, after gaining about three per cent last week after news that OPEC and allies would increase output cuts. Read more: Oil prices soar ahead [...]
Packaging giant DS Smith cites ‘difficult’ conditions as e-commerce boom loses momentum December 5, 2019 Packaging giant DS Smith has suffered from weak paper prices and worse-than-expected volumes over the last six months, amid “difficult” market conditions. It comes as analysts projected that the industry’s momentous growth on the back of online shopping in recent years appears to be losing steam. Shares in DS Smith fell 7.1 per cent today. [...]
Transport to Europe crippled as French national strikes take hold December 5, 2019 Travellers trying to get the Eurostar to the continent have been thwarted today, after 78 trains linking London to Paris, Belgium and the Netherlands were cancelled amid ongoing strikes in France. Most affected routes are for trains from St Pancras to Paris, with the cancellations taking place between 5-8 December. Read more: Eurostar warns customers [...]
South African Airways placed into bankruptcy protection to avoid ‘uncontrolled implosion’ December 5, 2019 South Africa’s state-owned airline has been placed into bankruptcy protection, as the nation tries to stop it falling into liquidation. South African Airways (SAA), which has suffered from years of state corruption, has entered the workout process, an alternative to bankruptcy. Read more: South African Airways: State-owned carrier in limbo It is the first time [...]
Aston Martin shares jump as billionaire Lawrence Stroll ‘prepares to make offer’ December 5, 2019 Aston Martin shares have been given a much-needed boost this morning, after reports surfaced that billionaire Lawrence Stroll is gearing up to buy a major stake in the struggling car maker. Stroll, the father of Formula 1 driver Lance and owner of the Racing Point F1 team, is said to be seeking to head a [...]
Electric cars take record UK market share as battery-powered vehicle sales surge 228 per cent December 5, 2019 Britain’s drivers bought more electric vehicles last month than ever before, as demand for fully electric battery cars surged more than three-fold. In November, pure electric battery car sales rose 228 per cent compared to the same period last year, with 4,652 of the vehicles registered. Read more: Electric dreams: How long until electric cars [...]
Sajid Javid Brexit without trade deal ‘unlikely’ as he blames Labour for UK homelessness December 5, 2019 Chancellor Sajid Javid has insisted Britain is unlikely to leave the EU without a trade deal in place at the end of next year, but declined to rule the possibility out. The Tories are seeking to agree a free trade deal with the bloc by the end of 2020. Read more: John McDonnell: A Labour [...]
