Former Stobart chair Iain Ferguson takes charge at house builder Crest Nicholson September 11, 2019 Crest Nicholson has installed former Stobart chair Iain Ferguson as its non-executive chairman, as the house builder completes its refurbishment of top-level management. Ferguson, who will take the post in November, has been appointed just as new chief executive Peter Truscott is set to take the reins at the firm this month. Read more: Galliford [...]
Recruitment firm raises £45m in latest funding round September 11, 2019 Online graduate recruitment company Jobteaser has raised £45m to help roll out its careers advice to “hundreds of thousands” more students across the UK and Europe. The funding round, which was led by Highland Europe and backed by existing investors Alven, Idinvest Partners, Seventure Partners and Korelya Capital, brings the total amount raised since the [...]
Cobham shareholder comes out against £4bn takeover deal by US private equity firm September 10, 2019 The furore surrounding aerospace stalwart Cobham’s controversial £4bn takeover by a US private equity group shifted up a gear today, as one of its top shareholders rebuffed the plan. Sanderson Asset Management, an investment firm operating out of London and Chicago, which is Cobham’s 11th largest shareholder, has written to the FTSE 250 company’s founding [...]
Ashtead profits jump as it cashes in on demand for leasing industrial equipment September 10, 2019 Equipment rental firm Ashtead enjoyed a profit boost of nearly a tenth over the summer, as its US business Sunbelt cashed in on higher demand for leasing industrial gear. The FTSE 100 company has reaped the benefits of construction firms choosing to rent equipment instead of buying in recent years. Read more: Ashtead investors tread [...]
Oil and gas firm Cairn Energy shares jump as it powers back to profit September 10, 2019 Cairn Energy shares rocketed 11 per cent today as the oil and gas firm reported it had swung back into the black after significant losses last year. The London-listed firm had suffered sizeable losses on impairments and a disastrous investment in Indian copper miner Vedanta Resources, but made a profit of more than £30m in [...]
Frankfurt Motor Show: Car industry bosses warn against no-deal Brexit September 10, 2019 Bosses at car makers BMW and Vauxhall, which collectively employ more than 7,000 people in the UK, have warned about the destructive effects a no-deal Brexit could have on the automotive industry. Workers at BMW’s Mini factory in Oxford could face losing work in the event of a no-deal Brexit, according to the car maker’s [...]
Mace tasked with building £480m first phase of Nine Elms development September 9, 2019 Construction firm Mace has been tasked with building three towers as part of the major redevelopment of land next to the US embassy at Nine Elms. The contractor will be in charge of the first phase of the Nine Elms Square project, which involves building the towers as well as a podium for retail and [...]
Chinese car maker Geely invests in flying taxi startup Volocopter September 9, 2019 Geely has hedged its bets on a German startup which hopes to bring flying taxis to cities around the world, as the Chinese firm looks to branch out from its traditional automotive business ventures. The car maker has taken a minority stake in Volocopter, which hopes to bring air taxis to Chinese cities, and said [...]
Ferrari powers ahead with two new models as firm chases profit boost September 9, 2019 Italian supercar manufacturer Ferrari lifted the lid on two new cars today as it pushes on with an aggressive roll-out plan designed to keep its recent profit and share price growth in top gear. The so-called prancing horse, long a motor racing icon and household name in luxury cars, unveiled the F8 Spider and 812 [...]
Nissan crisis: Chief resigns after year of scandal and financial turmoil September 9, 2019 The crisis at Japanese automotive giant Nissan deepened today, after chief executive Hiroto Saikawa was asked to quit by the company’s board. In a sometimes heated late night press conference in Japan, board members confirmed that Saikawa, who had already expressed a desire to leave the top job, would step down. Read more: Nissan chief [...]
