Jim Ratcliffe’s Ineos names £600m Bridgend-built 4×4 after west London pub September 18, 2019 Sir Jim Ratcliffe has revealed the name of his upcoming 4×4 car will be the Grenadier, after the west London pub it was dreamt up in, and hopes to create 500 jobs in south Wales where it will be manufactured. Ratcliffe’s chemicals firm Ineos will build the car on a new site in Bridgend, where [...]
Ousted Stobart Group boss ‘preparing bid for Eddie Stobart’ September 17, 2019 The ousted former chief of Stobart Group, Andrew Tinkler, is said to be gearing up for a raid on struggling haulage firm Eddie Stobart Logistics. Tinkler has reportedly told advisers to the firm that he is interested in taking part in a refinancing of the firm, which could include making an offer for it. The [...]
Caffeine kick: Starbucks rolls out coffee delivery service across UK cities September 17, 2019 Starbucks is rolling out a delivery service which will allow customers across the country to wake up and – immediately – smell the coffee. The world’s biggest coffee shop chain has teamed up with Uber Eats to allow people in 11 UK cities to order their favourite brew directly to their doorstep via the app. [...]
Bill Gates says ditching fossil fuel stocks has ‘zero’ impact on climate change September 17, 2019 Bill Gates has poured cold water on climate activists’ attempts to lobby investors to abandon fossil fuel stocks. The billionaire tech tycoon-turned-philanthropist said it would be more worthwhile to urge investors to back emerging technology that helps cut carbon emissions. Read more: Does fast fashion stand up to ethical scrutiny? Speaking to the Financial Times, [...]
On the loo-se no longer: Police arrest second man as hunt for gold toilet burglar goes on September 17, 2019 Police trying to get to the bottom of the theft of a solid gold toilet from Blenheim Palace have arrested a second man in connection with the crime. A 36-year-old man from Cheltenham was arrested on suspicion of conspiracy to burgle, after thieves ripped the £4.8m artwork out of a wood-panelled room in the early [...]
Prime Minister Boris Johnson still more popular than Jeremy Corbyn, says public September 17, 2019 Despite facing accusations of lying to the Queen, sacking 21 MPs from the Tory party and being embarrassed by an empty lectern in Luxembourg yesterday, Boris Johnson is still more popular than Jeremy Corbyn, according to pollsters. Yougov has found 38 per cent of Brits have a favourable view of the PM, compared to 54 [...]
City Fibre ‘set to announce former National Grid CEO as new boss’ September 16, 2019 City Fibre, the ultrafast broadband network which is competing to become the biggest UK rival to BT, is said to be gearing up to announce the former chief executive of National Grid as its new chairman. Steve Holliday, who was well-thought-of by investors while at the helm of the energy infrastructure firm, has reportedly agreed [...]
Jim Ratcliffe’s Ineos ‘nearing deal’ to build car in Bridgend September 16, 2019 Billionaire entrepreneur Jim Ratcliffe is said to be closing in on a deal to build a sport utility vehicle (SUV) in Bridgend, the town where Ford is bringing down the shutters on an engine factory which employs 1,700 people. Ineos, Ratcliffe’s chemicals firm, has been in negotiations for months over where to build the car, [...]
US markets fall while oil prices rise after attacks on Saudi supply September 16, 2019 Wall Street fell this afternoon after the weekend’s attack on Saudi crude oil facilities knocked out five per cent of the world’s supply. The attack on the world’s biggest oil exporter boosted oil prices by as much as 20 per cent before they eased off, as US President Donald Trump gave the green light for [...]
US charges JP Morgan precious metals traders with market manipulation and ‘racketeering’ September 16, 2019 JP Morgan’s global head of precious metals trading has been charged in the US with running an eight-year “racketeering conspiracy” to manipulate markets. Michael Nowak, 45, who ran the bank’s global precious metals trading desk, faces charges of a “massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants,” [...]
