Going, going, Ghosn: Nissan saga rumbles on as fugitive former boss gears up for blockbuster press conference January 5, 2020 How did he do it? A week after Carlos Ghosn’s sensational getaway from Tokyo turned him into one of the most sought-after international fugitives on the planet, this will still be the question on Japanese officials’ lips. Did the former Nissan boss really jump bail in a double bass case? Read more: Carlos Ghosn met [...]
Greater Anglia rail franchise clause at centre of dispute involving Abellio January 5, 2020 A row between rail officials in Holland and Britain has spilled over into 2020, after train operator Abellio continued to take heavy losses from a clause in one of its UK government contracts. Abellio is a subsidiary of Dutch state-owned company Nederlandse Spoorwegen (NS). Read more: Rail: Williams review recommendations ‘could take 10 years to [...]
Tata chairman throws doubt over future of Port Talbot steelworks January 5, 2020 Port Talbot steelworks is facing fresh questions over its future as it heads into 2020, after the chairman of Tata Steel called for the plant to become “self-sustaining”. The biggest steel manufacturing base in the UK made losses of more than £370m last year, leading Natarajan Chandrasekaran to question whether his parent firm could keep [...]
Boeing scraps festive bonuses in UK amid ‘challenging time’ for aerospace giant January 5, 2020 Boeing’s UK employees will be glad to have put 2019 behind them, after the aerospace giant reportedly capped off a dismal year by cancelling workers’ festive bonuses. The US aerospace giant has been feeling the pinch in recent months, as it loses billions of dollars over the ongoing grounding of its best-selling 737 Max jet. [...]
Dissenting HS2 report revives calls for government to release official review January 5, 2020 Whitehall is facing growing clamour to release its official review into the HS2 rail line, after a former insider slammed the project in his own dissenting report over the weekend. The Rail Industry Association (RIA), which represents contractors working on HS2, urged the government to publish its independent review into the line “swiftly” after Lord [...]
MPs were ‘misled’ on HS2 cost, says former deputy of government review into project January 5, 2020 Parliament was “misled” over the costs of the High Speed 2 rail project, according to the former deputy chairman of the government’s independent review into the line. Lord Tony Berkeley said the cost of the project is “out of control” and could be as much as £107m, three times the original estimate, in his own [...]
Domino’s Pizza finance chief David Bauernfeind dies in accident December 27, 2019 Domino’s Pizza’s finance boss, David Bauernfeind, has died in an accident while on holiday, according to the company. In a brief statement, the firm said: “Our chief financial officer, David Bauernfeind, died in a tragic accident on Thursday, 26th December whilst on holiday with his family.” It is believed he was on a snorkelling holiday [...]
Softbank board loses dissenting voice as Uniqlo founder leaves December 27, 2019 The founder of clothes company Uniqlo will resign from the board of Softbank after 18 months in the job. Tadashi Yanai, who is chief executive of Uniqlo, will leave the Softbank independent board member post at the end of the month to focus on his fashion business. Read more: Softbank ‘tightening governance’ at firms it [...]
Amazon’s Deliveroo investment could cause higher prices, says CMA December 27, 2019 Amazon and Deliveroo are the subject of an in-depth probe by competition authorities into the e-commerce giant’s investment in the food delivery firm. Neither company offered undertakings in response to concerns aired by the Competition and Markets Authority (CMA). Read more: CMA puts brakes on Amazon’s Deliveroo investment The CMA said earlier this month that [...]
Israel’s Netanyahu claims victory in Likud party leadership vote December 27, 2019 Israeli Prime Minister Benjamin Netanyahu has won a vote to stay at the helm of his Likud party. The win will come as a boost ahead of what will likely be a hard-fought general election in March. Read more: Boxing Day spending set to fall after Brits cash out on bumper Black Friday A Likud [...]
