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Volkswagen (VW) shares are down 20 per cent, falling just shy of a six-year low, wiping billions from the company's value. The drop comes after chief executive Martin Winterkorn apologised on Sunday for manipulating the carbon emissions data from Volkswagen and Audi vehicles. He said in a statement: “I personally am deeply sorry that we [...]
Electronics company Premier Farnell's share price dropped 15 per cent in morning trading after issuing its second profit warning in two months. The company, which used to be run by former Thomas Cook boss Harriet Green, reported that pre-tax profit for the first half of the year had fallen 16 per cent to £30.6m and that [...]
Shares in Rotork, the British manufacture that makes pressure valves for oil extraction equipment, fell as much as 16 per cent in morning trading after it issued a profit warning, the latest victim of the oil price bear-pit. The FTSE 250 company said it expected revenues for the year to fall to £530-550m, down from the [...]
Transport for London has warned London's commuters to expect delays for the next six weeks as one million spectators descend on the capital for the Rugby World Cup, which starts on Friday. Between Friday 18 September and Saturday 31 October, there will be 17 matches across three London venues, at the Queen Elizabeth Olympic Park [...]
They may account for 20 per cent of all pay-as-you-go journeys now, but contactless payments on the Tube were introduced just one year ago today. Over 180 million journeys have been made with contactless cards, more than 625,000 a day. A whopping one in seven of all contactless card payments in the UK are made [...]
Transport for London is trialling a new safety feature on Boris Bikes in a bid to reduce the number of accidents with cyclists in London. Blaze lights will project a laser image of a bike onto the road in front of the bike to alert pedestrians and drivers to the oncoming cyclist. The feature is [...]
Ladbrokes' chief financial officer Ian Bull will step down following its merger with Coral, the bookies has confirmed. Bull, who joined Ladbrokes in 2011, will leave the company at the end of February next year, after it reports its full year results. If the Coral merger is completed before then, he will leave soon after completion. When [...]
British brewer SABMiller's share price jumped more than 22 per cent this morning after confirming that rival Anheuser-Busch InBev (AB InBev) intends to make an offer to buy the firm. The deal between the world's two largest beer-makers would create a company with a joint market capitalisation of $250bn (£162bn). The SABMiller board said it [...]
Rugby fans rejoice. You won't have to miss a second of the Rugby World Cup action, even on your daily commute. Transport for London has announced a deal with ITV to stream live scores, results and text updates throughout Tube and DLR stations. The electronic display boards and station entrances and on the platforms will keep [...]
BMW's chief executive Harald Krueger fainted during a press briefing in Frankfurt this morning. Krueger was presenting the manufacturer's latest car models at the International Motor Show in Germany when he collapsed. He was able to walk when he was helped off stage by two men, as the BMW spokesman on the public address system [...]
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