Former Ferrari executive Michael Leiters in pole position to head McLaren Automotive April 19, 2022 Former Ferrari executive Michael Leiters is reportedly in the pole position to head McLaren’s car making business, McLaren Automotive. Leiters, who stepped down from his chief technology officer post in December, is among the candidates currently vetted to replace McLaren Automotive’s chief executive Mike Flewitt. It is unclear whether Leiters has agreed to take over [...]
Spectris sells off Omega Engineering for £400m, paving the way for a larger investor April 19, 2022 British electrical engineering firm Spectris has confirmed it will sell off Omega Engineering for $525m (£403m), to make way for a larger investor. The London-listed group has sold the engineering business to Arcline Investment Management, for around 20 times Omega’s adjusted earnings before interest, depreciation and amortisation, Spectris said in a regulatory filing this morning. [...]
Explainer-in-brief: Johnson gets his own version of Denmark’s Aliens Act April 19, 2022 Last week, Boris Johnson unveiled a deal with Rwanda on migration. People coming to the UK to claim asylum can now be relocated there while their request is processed. The UK is not the first country to do this. Last summer, Denmark passed the controversial Bill L 226 – the “Aliens Act” – that allows [...]
1 Minute Market Rundown – 19th April 2022 April 19, 2022 Russia – UkraineRisk Holds InCrypto ConsolidatesPowell to Speak Later in the Week We spoke last week of the path of least resistance being the USD higher and yields higher and that continues to be the main themes of the markets at the moment. The greenback has made fresh 2 year highs, especially against the low [...]
Hungry for success: Cake Box rebounds from pandemic with record sales after online orders leap April 19, 2022 Cake Box has reported record sales for the past year after recovering from the side effects of the Covid pandemic. The north-London based firm said its sales leapt some 50 per cent for the year to March, with particularly strong sales in the previous six months. Momentum had been driven by online delivery and click [...]
Travelex recruits BrickVest boss Richard Wazacz as new CEO April 19, 2022 Foreign exchange firm Travelex has appointed Richard Wazacz as new CEO, who pledged to further modernise the business. The London-based firm said Wazacz would step into the role on 4 July 2022, joining from online property marketplace Brickvest. After a two year stint as CEO of Bickvest, Wazacz will be succeeding Donald Muir, who has [...]
Partygate: Senior Tory says local elections may determine Boris Johnson’s future, ahead of ‘full-throated apology’ April 19, 2022 A possible Tory rebellion against Boris Johnson over partygate would likely happen after local elections, a senior Tory MP said. The treasurer of the powerful Conservative backbench 1922 Committee, Sir Geoffrey Clifton-Brown, made his comments as the PM faces new charges about his role in the lockdown breaches, for which he and Rishi Sunak were [...]
Tesla: Workers in Shanghai must sleep on factory floor as China restarts production in 600 companies amid draconian Covid measures April 19, 2022 Shanghai’s Tesla factory workers have to sleep on the floor of the factory, as Elon Musk’s company restarts production and China continues a draconian covid policy. With hundreds of firms restarting operations across China, workers have to abide by a strict policy of living on site, in line with the country’s ‘closed loop’ restrictions, according [...]
Apple faces union challenge amid Amazon’s warehouse success April 19, 2022 Following Amazon's lead, workers at Apple's Grand Central Station store in New York are gearing up to start a union.
Chinese economy to spiral south amid battle with Covid-19 April 19, 2022 China’s economic growth is forecast to slow, according to top analysts, as the country continues its battle with Covid-19. The country’s GDP growth for the first quarter of this year was “moderate”, economists at ING have said, “but more pain will come” in the months ahead. More Chinese cities are facing tighter controls, it was [...]
