Audi chief executive Rupert Stadler launches drive to make three electric car models by 2020 July 23, 2016 Audi's chief executive has said the automobile maker is planning to have three electric car models by 2020. Rupert Stadler also said the firm is aiming for electric cars to account for up to 30 per cent of its sales by 2025, in an interview published today in German newspaper Heilbronner Stimme. The firm's push to move into the [...]
Munich shopping centre attack: What we know so far about last night’s shooting July 23, 2016 Yesterday evening a shooter opened fire on shoppers at the Olympia-Einkaufszentrum mall in Munich's north-western suburb of Moosach. Police said this afternoon the attack was not a terrorist incident and was in fact a "classic shooting rampage". It was initially suspected to be a terrorist attack, heightened by another incident in Bavaria this week in which [...]
These are eight surprise winners and losers from the EU referendum July 23, 2016 Today is the one-month anniversary of the EU referendum. After years of debating whether or not a referendum on EU membership would be held, on 23 June the UK's voting populace trudged to polling stations and decided 52 per cent to 48 per cent to leave the organisation. Here are eight of the (perhaps surprising) winners and [...]
G20 ministers pledge to do more to protect global economy from Brexit vote turmoil July 23, 2016 The Group of 20 nations will do more the bolster global economic growth in the coming months, ministers said today as the organisation met in the Chinese city of Chengdu. Central bankers and finance ministers from G20 nations are meeting this weekend to discuss challenges facing the global economy that have been made worse by the UK's [...]
These companies have been the FTSE high-fliers and fallers since the referendum July 23, 2016 With all that's happened since 23 June, it's hard to believe it's only been a month since the UK came out in droves to vote in the EU referendum. While the FTSE 100 closed up 0.46 per cent yesterday in its fifth successive weekly advance, a number of companies on both the FTSE 100 and [...]
Ferry passengers at Dover delayed for up to eight hours by enhanced French security checks July 23, 2016 Heightened French security checks have left ferry passengers at Dover waiting for more than four hours to get through passport controls. Motorists in Kent have also been affected, with delays of up to eight and a half hours expected on the roads leading to Dover. Backlogs have been most severe on the A20 and A2, [...]
Presumptive Democrat presidential candidate Hillary Clinton selects Virginia senator Tim Kaine as running mate July 23, 2016 US presidential hopeful Hillary Clinton has selected Virgina senator Tim Kaine to be her running mate in the showdown with Donald Trump to get to the White House. Clinton bypassed more liberal candidates by opting for the 58-year-old former lawyer and governor of Virginia by opting for Kaine, who had emerged as the favourite for the vice president role in [...]
Get the corkscrew: Now is the time to flex your alternative investment muscle and buy up fine wine July 22, 2016 It's hard to believe it's only been a month since the EU referendum. Around £2 trillion was wiped off the value of global markets within a fortnight, the pound has fallen to its lowest point in three decades and British politics has descended into a virtual musical chairs, transforming in the process. The investors who [...]
Unilever’s razor sharp move in buying Dollar Shave Club is a major shift in how brands sell to customers July 22, 2016 Unilever wowed the markets on Wednesday when it unveiled a surprise acquisition of razor subscription brand Dollar Shave Club (DSC) for a reported $1bn. DSC's buyout by the consumer goods giant not only demonstrates the huge success the brand has achieved since launching in 2011 (and then going viral with a video marketing campaign in 2012), but also the credibility [...]
Smooth sailing: Risk Capital Partners set to sell Cruise.co.uk to Bridgepoint Development Capital July 22, 2016 Online cruise booking firm Cruise.co.uk is about to set sail from one private equity firm… to another. Risk Capital Partners, of which serial entrepreneur Luke Johnson is chairman, is in talks to sell Cruise.co.uk to Bridgepoint Development Capital for a reported £50m. A deal could be struck and made public as soon as next week, Sky [...]
