Downing Street rejects Elon Musk’s claim firms are turning away from UK December 30, 2024 Downing Street insisted Sir Keir Starmer was running an “unashamedly” pro-growth government after Elon Musk lashed out at his policies. Tesla boss Mr Musk said “very few companies” would be willing to put money into the UK under “the current administration”. Mr Musk, a close ally of US President-elect Donald Trump, was responding to calls [...]
Why one US hedge fund is taking aim at the UK’s biggest investment trusts December 19, 2024 A shake up could be coming for the UK’s investment trust industry after US hedge fund Saba Capital launched a campaign to topple the boards of seven different companies yesterday. “Like the Ghost of Christmas Past, Saba has descended upon the investment trust industry, urging self-reflection,” said Shavar Halberstadt, analyst at Winterflood. There have been [...]
I drove a Rolls-Royce Spectre through a super storm December 9, 2024 It’s chucking it down in the airport pick-up zone, the soundtrack a cacophony of announcements, slamming doors, rat-a-tatting wheelie-suitcases, flapping umbrellas and the dull drone of aircraft taking off and landing. The waiting Rolls-Royce’s door closes behind me, and, cosseted inside a shell of black and Tango-orange, things are dramatically different. Rolls-Royce enjoyed record sales [...]
Elon Musk and Fox News host chosen for Trump cabinet and advisory roles November 13, 2024 Tech billionaire Elon Musk and Fox News host Pete Hegseth have been asked to serve as advisors and in Donald Trump’s cabinet. Musk is set to lead a new US Department of Government Efficiency (DOGE) which will advise the President on how to reform and make savings in the government, after he previously claimed he [...]
McIlroy: Smartest man Elon Musk can solve golf merger question November 6, 2024 Rory McIlroy believes “smartest man in the world” Elon Musk and US President elect Donald Trump can help solve the impasse plaguing global golf. The PGA Tour, DP World Tour and Saudi-backed LIV Golf have been negotiating a deal that could unite the major factions of the sport under one banner but those talks, which [...]
X-odus: Musk platform ‘distinctly not well received’ by marketers September 5, 2024 Marketers’ trust in Elon Musk’s X as an effective platform for advertising has plummeted since 2022, with advertisers anxious about the “brand safety” that the controversial social media channel offers. Approval ratings for the social media channel have plummeted to minus 21 per cent, down from plus 15 per cent just two years ago, according [...]
British firm Filtronic scores another multi-million contract with Elon Musk’s SpaceX August 30, 2024 Microwave technology firm Filtronic has scored another multi-million-pound contract with Elon Musk’s SpaceX, it revealed today. The London-listed company, which is headquartered in Leeds and supplies products to the aerospace, defence, space and telecoms infrastructure sectors, said the $8.4m (£6.4m) production order from the satellite internet company was a positive sign that demand remained high for [...]
Reddit backer funds weapons start-up focused on ‘budget missiles’ August 26, 2024 Start-up incubator Y Combinator, which has backed companies such as Airbnb, Reddit and Coinbase, has made its first ever investment in a weapons company, which plans to produce “budget missiles” for the US military. Ares Industries, which is based in California, aims to produce “smaller, less expensive cruise missiles” for the US Department of Defence [...]
Baillie Gifford US Growth: Investor patience ‘will wear thin’ over underperformance August 22, 2024 The £643m Baillie Gifford US Growth trust is at risk of investor patience wearing thin over its failure to keep up with the strength of US markets, analysts have warned. In the trust’s annual result, it revealed that its underlying assets grew by only 16.2 per cent throughout the year, compared to a 24.8 per [...]
First Earth-imaging satellite launched by MoD on Elon Musk rocket August 17, 2024 The UK military has launched its first satellite which can capture daytime images and videos of the Earth’s surface. The satellite, named Tyche, will support military operations as well as environmental disaster monitoring, mapping information development and tracking the impact of climate change globally, the Ministry of Defence (MoD) said. The satellite was launched on [...]