UK could pay up to £500m in subsidies to support new Jaguar Land Rover battery plant July 20, 2023 The UK could pay as much as £500m in subsidies to Tata Group to support its £4bn investment in a new battery plant in Somerset that would supply a new range of electric Jaguar and Land Rover models. Tata Group – the Indian conglomerate who own Jaguar Land Rover (JLR) – announced yesterday that it [...]
PayPoint hits back at competition lawsuit as legal showdown looms July 20, 2023 PayPoint has hit back at accusations it entered into anti-competitive agreements with energy suppliers in the prepayment market.
US Fed fines Deutsche Bank $186m over failure to improve money laundering checks July 20, 2023 The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186m for failing to sufficiently address money laundering control problems and other shortcomings previously flagged by the U.S. central bank. The new penalty for lingering issues marks the latest blow for the German lender, which has struggled for years to get on [...]
Tesla may keep cutting prices in ‘turbulent times’, Musk says July 20, 2023 Tesla CEO Elon Musk signalled late Wednesday that he would cut prices again on electric vehicles in “turbulent times”, even as his all-out price war on automaker rivals squeezes the company’s own margins. The company has slashed prices several times in the United States, China and other markets since late last year, and increased discounts [...]
AMTE Power shares tank 50 per cent after battery firm issues administration warning July 20, 2023 AMTE Power is on the brink of administration, with shares plummeting on the London Stock Exchange.
Premier Foods has no plans for price increases as cost inflation ‘now past its peak’ July 20, 2023 Mr. Kipling maker Premier Foods said that it now believes that the recent period of significant input cost inflation has “now passed its peak”, with the group no longer planning for further price increases during the year. It comes as inflation fell to its lowest level this year of 7.9 per cent, giving shoppers hope [...]
SSE reiterates earnings target despite waning wind generation July 20, 2023 Electricity output from renewables has lagged behind SSE's expectations this year, with generation lessened by poor weather conditions.
Vistry reports 22 per cent slide in home completions as rate hikes bite July 20, 2023 Vistry Group said the number of homes it completed during the quarter was down 22 per cent compared to the same period last year, as surging mortgage rates continue to hit UK housebuilding companies. The London-listed firm blamed a “tough” economic climate for the decline, with the housebuilder completing 2,847 homes in the period down [...]
AJ Bell attracts over £1bn to bring assets under administration to ‘record high’ July 20, 2023 Retail investment platform AJ Bell saw an influx of funds which helped bring assets under administration to a record high, but inflows remained below the same period last year. In the three months to June, AJ Bell saw net inflows of £1.1bn into its platform model – which includes its direct-to-consumer platform and its advised [...]
Netflix: Subscribers up, password sharing down, as clampdown pays off July 20, 2023 Netflix has gained nearly six million subscribers this quarter as its password sharing clampdown bears immediate fruit. Announcing its second quarter results, the company said paid subscribers grew by 4.14m April through June as they rolled out so-called paid sharing in over 100 countries. The firm had become aware that a number of users of [...]
