Lamborghini to have e-fuel powered supercars beyond 2030, says boss June 1, 2022 Lamborghini will have at least two supercars powered by e-fuels in its range beyond 2030, according to chief executive Stephan Winkelmann. The German executive told Italian newspaper ‘Il Corriere della Sera’ the entire fleet will transition to hybrid between 2023 and 2024 without losing its renowned high performance. “We want to carry on creating emotions, [...]
Dr Martens posts kicker revenue despite price rises and supply concerns June 1, 2022 Shares are up over 25 per cent this morning for Dr Martens after the iconic boot maker posted a strong performance in Americas and EMEA, with reported revenue up 29 per cent and 19 per cent respectively for the full year.
Analysts trim target price at Parsley Box as ready meal firm cuts losses June 1, 2022 Analysts have cut their expectations of ready meal business Parsley Box, despite the firm trimming its losses. Parsley Box’s adjusted earnings before interest, tax, depreciation and amortization (EBITDA) is around 10 per cent better than management expectations for the five months to 31 May, the company said in a statement today. Losses have been cut [...]
Raab: Number of no confidence letters submitted “pretty far off” 54 needed to trigger Boris vote June 1, 2022 Press Association The Deputy Prime Minister has said he believes the number of letters which have been submitted to Sir Graham Brady is “pretty far off” the required amount needed to trigger a confidence vote. Speaking to Times Radio, Dominic Raab said: “First of all, you said that there were 30 MPs who have been [...]
Off with its head: Globe’s Henry VIII is a raunchy mess June 1, 2022 It was during a performance of the Bard’s Henry VIII in the original Globe theatre in 1613 that a stage cannon misfired, setting alight its thatched roof and burning it down. While the new Globe’s 2022 production of this play may not feature cannon fire, plenty of surprises await, many of which would have made [...]
UK competition watchdog launches antitrust probe into BT’s Warner Bros Discovery tie-up June 1, 2022 UK competition watchdog has launched an investigation into BT's 50:50 joint venture with US media giant Warner Bros Discovery.
Harland & Wolff buys military ship from MOD June 1, 2022 Harland & Wolff has bought a military ship from the Ministry of Defence (MOD). The offshore construction company said it has acquired the HMS Atherstone – a mine hunting vessel no longer in service – to refurbish it for non-military uses. The HMS Atherstone was bought as part of Harland & Wolff’s attempt to regenerate [...]
Wood Group sells off consultancy division for £1.5bn as it doubles down on shareholder returns June 1, 2022 John Wood Group has sold off its consulting business Built Environment to WSP Global for a whopping $1.9bn (£1.5bn). The immediate use of the sale proceeds will be used to reduce Wood’s net debt, which stood at $1.4bn in December 2021, as well as strengthening its balance sheet. Commenting on the sale, chief exec Robin Watson [...]
Baker Tilly appoints former Grant Thornton partner Francesca Lagerberg as chief executive June 1, 2022 Consultancy giant Baker Tilly has appointed former Grant Thornton’s partner Francesca Lagerberg as chief executive. The first woman to lead Baker Tilly’s global network, Lagerberg will take over from former boss Ted Verkade today. Verkade stepped down as chief executive at the end of last year after five years at the company’s helm and 19 [...]
House prices grow for tenth month in a row, but market continues to cool June 1, 2022 House prices have growth for the tenth month in a row, according to the latest figures, though costs are continuing to slow in their steamroll. The average price of a home in the UK grew 11.2 per cent to £269,914 in May, slowing slightly from the more than 12 per cent growth reported in April, [...]
