Jaguar Land Rover reveals electric car software tie-up with Blackberry March 22, 2018 Blackberry is to provide the software for Jaguar Land Rover's next-generation electric vehicles, it was announced this morning. BlackBerry will provide its infotainment and security software to JLR, which is owned by India conglomerate Tata. The Canadian firm has agreed similar agreements with Qualcomm, Baidu and Aptiv. With a legacy as a hardware maker, Blackberry [...]
Tesla share price rises as stockholders approve Elon Musk’s $2.6bn compensation plan March 21, 2018 Tesla shareholders have approved a proposal to award chief executive Elon Musk with stock options valued at $2.6bn (£1.8bn) at a special meeting today. The windfall does not include a salary or cash bonus, so it relies on a rise in the company’s market value over the next decade. Shares in the company rose 3.42 [...]
Elon Musk’s $2.6bn pay package rejected by US pension giant ahead of crunch shareholder vote March 21, 2018 One of US’ biggest pension funds will vote against Tesla chief exec Elon Musk’s $2.6bn pay package, as shareholders prepare for a crunch vote later today. The Californian State Teachers Retirement System (CalSTRS) said Musk’s 12-tranche stock award was “just too great” in diluting other shareholders. Tesla is due to hold its AGM later today. [...]
SimplyBiz is set to float for £130m on the Aim market of the London Stock Exchange March 16, 2018 The SimplyBiz Group, which provides compliance and business services to financial advisers, had announced it will float in London next month for £130m. As the UK’s largest compliance services provider, SimplyBiz is expecting to raise £30m when it floats on 4 April. Selling shareholders – mainly Ken Davy, Life President of Huddersfield Town FC, and [...]
These are the companies with the best corporate reputations in the US for 2018 March 13, 2018 Amazon has held on to the top spot among businesses with the best corporate reputation, according to an annual poll from the US. Elon Musk’s Tesla meanwhile climbed the rankings and came in third for 2018, just below supermarket chain Wegmans which held onto second place. Aldi and the Walt Disney Company also made the [...]
The world’s first listed energy storage investment fund, which works with firms such as Tesla, is floating in London to raise £100m March 13, 2018 Gore Street, the world’s first listed investment fund to focus solely on energy storage, has announced today it will float in London raising £100m. The fund will invest in facilities of lithium ion batteries, created by firms such as Tesla and NEC, which will help to capture the energy generated by renewable sources and even [...]
An investment to hold when volatility strikes? March 7, 2018 Funds in the Targeted Absolute Return sector aim to produce positive returns in a variety of market conditions through using sophisticated investment techniques such as short selling (profiting when prices fall). They generally aim to make modest yet consistent gains with smoother performance than traditional funds; admirable objectives that resonate with many investors, but there [...]
Aston Martin in pole position as world’s fastest growing car brand as Brexit currency devaluation helps drive 268 per cent growth in brand value March 5, 2018 James Bond’s carmaker of choice Aston Martin saw its brand value grow by 268 per cent in 2018. The spectacular growth saw it top the table as the fastest growing car brand in the world in 2018 with a brand value of $3.6bn (£2.6bn), according to a report by research organisation Brand Finance. The British [...]
Commodity outlook in the Year of the Dog February 23, 2018 We are now in the Chinese Year of the Dog. With China being the main driver of commodity markets – and Britain’s blue chip miners enjoying a long bull run – what is the outlook for commodities for the rest of the year? China’s seemingly insatiable desire for commodities will slow. The country is seeking [...]
Revealed: Virgin billionaire Richard Branson on”Concorde 2″ supersonic travel, rival Elon Musk’s SpaceX and Hyperloop plans February 14, 2018 Could we see a new Concorde take to the skies? Billionaire entrepreneur Sir Richard Branson thinks so. The man behind the Virgin empire has said that a new era of supersonic travel is about to take off. “The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people travelling around [...]