Ford net income plunges 50 per cent after product recall and Brexit ripples hits results October 27, 2016 Ford announced a drop of more than 50 per cent in its third-quarter profits today after the auto trader took a hit from a safety recall earlier in the year. The second-largest US car marker said lower sales, the high cost of the recall and complications surrounding the launch of a new truck had dented its income. [...]
Stobart profits soar as merger with CityJet nears takeoff October 27, 2016 Stobart Group announced impressive interim results for the six months up to 31 August, but its proposed tie-up with Irish airline CityJet is still to be confirmed. Reports last week suggested CityJet and Stobart Air were drawing closer to reaching agreement on the terms, with the deal expected to be wrapped up by the end of this month. [...]
A week in rugby: Anthony Foley super-charges Munster, Danny Cipriani suffers from lack of kicking duties, and Leicester Tigers rediscover their bite October 24, 2016 Thomond Tribute Glasgow had no chance of winning against Munster on Saturday; the men in red could never have allowed it. The electricity of Thomond Park flowed with a current even more vigorous than has come to be expected from one of the sport's most iconic venues in Munster’s 38-17 win, a week after the [...]
Safer and more efficient: technology on trial so that cars can talk to one another October 21, 2016 Cars chatting away to one another? Didn't someone make a film about that once? Well now some elements could be coming to life after Jaguar Land Rover and Ford announced plans to trial technology where cars will communicate to one another, in what will be the first such trials in the UK. Through sharing information, it is hoped [...]
House on the Southern Rail network? Here’s how property values have changed over the last three months October 21, 2016 The Southern Rail debacle has been raising the blood pressure of many commuters into the square mile every day. Late to work, late back home has become a common routine and with three more blocks of industrial action, and no end in sight to the current deadlock, the future looks bleak. Read more: Southern rail operator Govia bills Network Rail [...]
BHP Billiton chairman Jac Nasser announces he will not seek re-election next year October 20, 2016 The chairman of BHP Billiton will step down next year after seven years of leading the board of the world's biggest miner. Australian Jac Nasser, who was appointed chairman in March 2010 and has been a board member since 2006, told shareholders at BHP's annual meeting in London today that he will not seek re-election next year. "Last [...]
Before the bell: What you need to know before the US market open October 20, 2016 Markets are further backing a Clinton victory in the US presidential election next month after last night's final debate, while the European Central Bank is expected to keep policy on hold when it meets this afternoon. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing higher [...]
Watch: Tesla’s self-driving cars revealed in video shared by Elon Musk October 20, 2016 All Tesla cars will have the capacity to drive themselves, company boss Elon Musk has revealed in a highly anticipated announcement which the entrepreneur had teased in tweets. All models, including the Model 3 and and Model X, will now be fitted with hardware that will make it possible to drive without human control. However, that [...]
Surprise, surprise: Oil majors face a “resoundingly negative” threat from the rise of electric cars October 18, 2016 A leap forward in battery technology could pose a "resoundingly credit negative" threat to the oil sector and disrupt global credit markets, according to a report from Fitch Ratings. Falling demand for fuel could scupper oil majors' prospects in particular as transport accounts for 55 per cent of total oil consumption. "Widespread adoption of battery-powered vehicles is [...]
Forget the Prius. The hybrid Hyundai Ioniq is soon to become the Uber car of choice October 17, 2016 The meteoric rise of Uber minicabs means more and more of us are familiar with the passenger experience in the backseat of an (invariably slightly stained) Toyota Prius. Indeed, an investigation by Motoring Research found the Prius minicab to be more ubiquitous in London than even Addison Lee’s black Ford Galaxys. But is it any [...]