Boeing suffers annual loss of nearly $2bn as 737 Max crisis drags on January 29, 2020 Boeing made a monumental $1.98bn (£1.52bn) loss last year, after the grounding of the 737 Max plane marked the most calamitous period in its 103-year history. Sales also sank 37 per cent year on year to $17.9bn, Boeing’s first annual results since the worldwide grounding of its best-selling jet showed today. Boeing warned the crisis [...]
Citymapper appoints advisers amid takeover interest January 28, 2020 Public transport app Citymapper has tapped advisers from US bank Raine after receiving overtures from several global tech firms. Sources told Sky News that the platform, which is available in 41 cities, brought Raine on board last week to guide it through discussions with several suitors. The expressions of interest, which were unsolicited, relate to [...]
CMA sets out the issues in Amazon’s Deliveroo investment January 28, 2020 The Competition and Markets Authority (CMA) has today laid out plans for the next stage of its investigation into the Amazon and Deliveroo tie-up. The regulator has set out the key areas it plans to assess. It includes whether the deal could damage competition in the online restaurant food delivery market and the emerging market [...]
Sky launches new factual channels amid production push January 27, 2020 Sky today said it will launch two new factual TV channels as the media firm ramps up its investment in original productions. Sky Documentaries and Sky Nature will launch in the spring, offering subscribers original programmes as well as new series from networks such as HBO and Showtime. New original documentaries will include Tiger Woods: [...]
Flybe: Ministers draft in restructuring advisers on rescue loan talks amid ‘state aid’ row January 27, 2020 Ministers have brought in advisers to help negotiate a government loan to struggling regional airline Flybe, despite insisting the rescue deal will not constitute state aid. Alvarez & Marsal (A&M) has been tasked with advising the Department for Transport (DfT) in assessing the basis for a commercial loan, according to Sky News. The company, a [...]
Take me to your leader: How to stop the spread of bad bosses January 27, 2020 Last week, the business and political elite gathered in Davos for the World Economic Forum. Certainly, these men and women have achieved positions of prominent power, but you might wonder — how many of them are actually trained and competent leaders? There is a concept in management called the Peter Principle, which argues that in [...]
Festive cheer for Reiss ahead of potential sales process January 27, 2020 Fashion brand Reiss has bucked the UK high street trend to report strong sales figures over the Christmas period, as the firm’s private equity owner mulls a potential sale of the business. The retailer, which has 82 standalone stores, said total like-for-like sales increased 18 per cent in the seven weeks to 18 January, while [...]
Police to get more anti-drone powers in fresh crackdown January 27, 2020 The government is planning a fresh crackdown on drones, after a number of near misses in the sky. Ministers hope to give police new powers to land, inspect and seize drones under a bill which has its second reading in Parliament today. Drone pilots could also face on-the-spot fines for failing to prove they have [...]
South Africa v England: How Mark Wood battled injuries and lengthened his run-up to ease the strain on his body January 26, 2020 Before this week Mark Wood had not played consecutive Test matches since July 2017. As much as he wanted to, his body simply would not allow it. Since making his Test debut for England in May 2015, Wood’s career has been defined as much by injuries as his talent. This, after all, is only his [...]
Boris Johnson set for showdown with US over Huawei decision January 26, 2020 One of Westminster’s most senior MPs has warned on the eve of the Huawei announcement that a deal with the tech giant would “hand control to Beijing”. Tom Tugendhat, who is seeking re-election as chair of the powerful foreign affairs select committee, today said the decision over whether the Chinese firm will be granted a [...]