Farnborough Airshow: These are the aircraft deals announced today July 12, 2016 Despite the Farnborough Airshow being called off due to inclement weather yesterday, it was back up and running today – and a number of deals have been announced since take-off this morning. Tui Group The London-listed travel firm, owner of the Thomson and First Choice brands, has finalised an agreement worth £1.1bn to buy 10 Boeing 737 [...]
Halifax House Price Index: UK house prices up 8.5 per cent since last year July 12, 2016 UK house prices rose by 1.8 per cent during the second quarter of this year, bringing the average cost of a UK property to a record £215,582 from £211,868 in the first quarter. And according to the Halifax House Price Index, prices were up 8.5 per cent compared to the same period one year ago, [...]
Asos sales jump as customer numbers grow 24 per cent July 12, 2016 Online retailer Asos grew sales by 26 per cent in the four months to 30 June, pushing revenue up to £514.6m for the period. The company's share price was up 4.7 per cent in early trading. Sales in the UK were up 28 per cent, while US sales surged by 45 per cent. Sales in the [...]
SEC investigating Tesla over failure to disclose driverless car crash – reports July 12, 2016 The US Securities and Exchange Commission (SEC) is investigating Elon Musk's Tesla Motors – in particular, looking at whether the tech firm broke the law by failing to disclose a fatal accident involving one of its driverless cars in May. The accident, which happened in Florida on 7 May, resulted in the death of 40-year-old Joshua Brown. [...]
Theresa May set to be appointed as new UK Prime Minister July 11, 2016 Theresa May could be named Prime Minister within days in the wake of Andrea Leadsom's shock withdrawal from the Conservative leadership race. May is the only remaining candidate in the Tory leadership race, after Leadsom announced that she would be pulling out of the contest – and gave her backing to the home secretary, whom she [...]
Andrea Leadsom quits Conservative leadership race – meaning Michael Gove or Boris Johnson could be back in the running against Theresa May July 11, 2016 Andrea Leadsom has quit the Conservative leadership race and called for Theresa May to be installed as the new Prime Minister. The energy minister announced that she would be leaving the contest by reading a letter she had written to the 1922 Committee, in a press appearance at her front door this afternoon. Leadsom used her [...]
Angela Eagle launches bid for Labour leadership, declaring “I’m here to win” July 11, 2016 Angela Eagle, the former shadow business secretary, has formally launched her widely predicted bid to take over as leader of the Labour party, slamming current leader Jeremy Corbyn. Eagle branded her campaign as one to re-unify the party after weeks of rebellion with Labour's parliamentary ranks, including a vote of no confidence which saw 172 Labour MPs [...]
UK commercial property rents grew in June, despite uncertainty in build up to Brexit vote July 11, 2016 Commercial property rents were up 0.2 per cent in June, in line with the trend for the year to date and in spite of uncertainty surrounding the EU referendum – but capital value grow slowed in the month. According to the latest CBRE index, capital values grew by 0.1 per cent in June, down from growth [...]
Rolls-Royce to buy remaining stake in Spanish firm ITP for €720m July 11, 2016 Engineering group Rolls-Royce said today that it has agreed to buy the outstanding 53.1 per cent shareholding in Industria de Turbo Propulsores (ITP) owned by Sener Grupo de Ingeniería. The FTSE 100-listed firm will pay €720m (£614m) for the stake, after Sener exercised a put option. Under the existing shareholder agreement, the payment will be settled over a two year [...]
How lessons from Wimbledon can serve British businesses July 8, 2016 It’s astonishing to think that Wimbledon will be 140 years old next year. Yet, despite its age, it remains the pillar of the lawn tennis world, a longevity that could teach the business world a thing or two about how to create long-term enduring value. Indeed, while the likes of Roger Federer and Serena Williams [...]
