Ousted Tata Sons chairman Cyrus Mistry to remain head of Tata Steel as turnover dips at the metals firm November 11, 2016 The former chairman of Tata Group's parent company will remain at the helm of Tata Steel, according to reports. Cyrus Mistry was suddenly removed as the chairman of holding group Tata Sons last month and was temporarily replaced by his predecessor, Ratan Tata. Mistry will stay on at Tata Steel, television channel ET Now reported, [...]
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. [...]
Before the bell: What you need to know before the US market open October 25, 2016 Apple sales are expected to fall sharply and Twitter is planning another round of job cuts. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing higher ahead of the open, though only slightly. The S&P is up by 0.09 per cent, the Nasdaq is 0.14 per [...]
Ten ways the electric car revolution will transform the global economy September 1, 2016 The world has begun a rapid switch to electric vehicles. In the first half of this year, worldwide sales were up 57 per cent to 285,000, despite low oil prices, and there are now more than 1m electric cars on the world’s roads for the first time ever. Last February, Bloomberg New Energy Finance (BNEF) [...]
SMMT reveals bumper used cars sales in first half of 2016 but remains cautious about further growth August 23, 2016 There was the highest number of used car sales on record in the first of half this year according to the Society of Motor Manufacturers and Traders (SMMT). The number of used cars changing hands grew by 7.9 per cent in the first six months of 2016 and during the second quarter of the year [...]
Car dealerships are positive about what is in store for the rest of 2016 August 16, 2016 Two-thirds of car dealerships said they expected to either stabilise or grow profits during the rest of 2016 despite the "uncertainty" created by the Brexit vote. Every salesperson likes to be confident about meeting their targets, but the survey prepared by accountants MacIntyre Hudson also indicated that 53 per cent of dealers expected to hit sales targets. [...]
London entrepreneurs face a bill of almost £30,000 to start their business according to new figures August 11, 2016 London entrepreneurs face a bill of almost £30,000 to start a business, according to enterprise finance provider LDF. In a survey of 850 small and medium sized businesses, LDF found that starting a business in London is less expensive than seven other UK cities. However, the bill of £28,742 faced by an average London entrepreneur [...]
Daily Mail publisher reports signs of ad market recovery after Brexit vote July 21, 2016 The publisher of the Daily Mail has acknowledged that the Brexit vote has “created some uncertainty” in the UK advertising market – but has reported a pick-up in revenue since the referendum result emerged. Daily Mail and General Trust (DMGT) has reported a one per cent growth in advertising revenues across DMG Media – the [...]
Aston Martin sales rise as it reiterates plans to push ahead with a new plant in Wales June 27, 2016 The sky may be falling for many, but luxury car maker Aston Martin is doing a-ok, it said today: in fact, revenues rose almost nine per cent in 2015. The company, which last year produced a special limited-edition supercar just for James Bond's latest outing, Spectre, said full-year revenues rose to £510.2m in 2015. Meanwhile, adjusted [...]
In and Out backers must unite after this depressing campaign to build a fraternity for liberty June 24, 2016 When you read this column, the result of the referendum on Britain’s EU membership will be known. Whatever the outcome, we must leave behind the depressing campaigns and move on to a politics of optimism and hope. Whether we vote to stay or vote to leave, those who believe in free trade, openness and a [...]