Chancellor Philip Hammond says the UK will ‘strike out in a new direction’ in the event of a no deal Brexit October 28, 2018 Chancellor Philip Hammond delivers his latest Budget tomorrow, but has warned that he will be forced to take an entirely different approach if the UK and the European Union fail to agree a Brexit deal. Hammond said earlier today he would use fiscal buffers to boost the economy under a no deal scenario and "strike [...]
Hammond: No-deal Brexit could scupper the end of austerity October 28, 2018 Philip Hammond has warned that austerity will only end if the government can negotiate a Brexit deal with the European Union. The chancellor said plans to increase public spending may be dropped if Britain leaves with no deal. He said that Office for Budget Responsibility projections, which the budget is based on, assume Britain will [...]
Magners maker C&C to produce more drinks in the UK after Brexit October 25, 2018 The maker of Bulmers and Magners cider is in late-stage talks to start producing European drinks at its UK plant after Brexit. Chief executive Stephen Glancey told Reuters that Brexit has presented opportunities for the Irish business. “You've got other manufacturers coming to us and saying ‘can you manufacture for us in the UK’? … [...]
Tesla share price gets into gear after company shows profit in third quarter October 25, 2018 Shares in Tesla have shot up 7.5 per cent today after the company moved into the black in its third quarter results. The carmaker last night said it had turned a $619m (£241m) loss into a profit of $311m in the last three months. Revenue reached $6.82bn, smashing estimates from Refinitiv of $6.33bn. The results will [...]
WPP boss Mark Read: We’ve had a tough time for two years October 25, 2018 WPP chief executive Mark Read has said he is determined to improve the company’s performance to compete with its peers, as shares plunged on this morning’s quarterly results. The advertising business dropped as much as 22.5 per cent to 818 pence per share earlier today. Sales fell 1.5 per cent in the third quarter, following [...]
Nokia cuts costs as it pins profit hopes on new 5G technology October 25, 2018 Nokia is looking to the next generation of technology as it aims to cut spending by €700m (£620m) over the next two years. The Finnish network provider said it expects to spend between €100m and €200m trialling 5G with customers. The figures Sales dropped by one per cent to €5.5bn year-on-year in the third quarter, [...]
Police intercept suspicious package addressed to former US vice president Joe Biden October 25, 2018 Police said today that they have intercepted a suspicious package addressed to former US vice president Joe Biden. The package is similar to pipe bombs sent to several prominent Democrats, a restaurant belonging to actor Robert de Niro and news studio CNN. Bomb squads are dealing with the package in a Delaware postal centre, NBC [...]
Tesla’s new Model 3 to hit British roads in the middle of next year, Elon Musk says October 25, 2018 Tesla will bring its new lower-cost, mid-range Model 3 car to the UK in mid-2019, chief executive Elon Musk said this morning. The car, which was launched last week, will also reach Australia at around the same time, Musk said on Twitter. Around mid 2019 — Elon Musk (@elonmusk) October 25, 2018 Same — Elon Musk [...]
Potential bomb sent to Robert de Niro a day after explosives found in Obama and Clinton’s mail October 25, 2018 New York Police are investigating a suspicious package at a restaurant owned by actor Robert De Niro. A spokesperson for the police told CNN the package had been sent to 375 Greenwich Street, in the Tribeca neighbourhood of Lower Manhattan. Police sent a bomb squad to the scene after the package was reported at around [...]
Jaguar Land Rover to make 100,000 cars in new Slovakia plant within two years October 25, 2018 Carmaker Jaguar Land Rover will be producing 100,000 cars a year in its new Slovakia plant by 2020, factory boss Alexander Wortberg said at the opening today. The €1.4bn plant (£1.2bn) is taking over production of the company’s Discovery model and has the capacity to make 150,000 vehicles annually. Read more: Jaguar Land Rover to shut Solihull [...]
