Chancellor George Osborne announces North Powerhouse deal as part of China visit September 23, 2015 George Osborne unveiled a deal this morning for a major Chinese investment into three Northern Powerhouse schemes that will create 10,000 new homes, after a controversial visit to a Chinese region at the centre of a human rights row. The chancellor became the first serving government minister to visit Urumqi, in the region of Xinjiang, northwest China, [...]
Uber’s new carpooling service Uber Commute could change your commute September 23, 2015 Uber is trialling a carpool tool which allows people on longer drives to pick up extra passengers they can split the cost with. The new service, called Uber Commute, will be piloted in Chengdu, China first, but the plan is to expand to the rest of the world, Uber said in a statement: Over time [...]
Volkswagen chief executive Martin Winterkorn statement: Car boss asks for “trust in our journey” – but there is no mention of resignation yet September 23, 2015 Embattled Volkswagen chief executive Martin Winterkorn has said he would do anything for trust… but he won't do that. In a video statement issued this afternoon, Winterkorn said the car giant would do "everything necessary to reverse the damage. And we will do everything necessary to win back trust – step by step". It [...]
BBA Aviation’s share price down as it sets out deal to buy Carlyle Group’s Landmark Aviation for more than $2bn (£1.3bn). September 23, 2015 BBA Aviation's share price was down in mid-morning trading on the back of news that it could buy out private equity-owned Landmark Aviation for more than $2bn (£1.3bn). The British aircraft services provider confirmed this morning that it was making a $2.065bn offer for the Carlyle Group-owned business, which will be partly funded through a [...]
WANdisco share price slumps after posting another loss September 23, 2015 WanDisco's share price fell more than 10 per cent in early trading as the software group revealed yet more losses this morning. The figures The Aim-listed firm's overall loss for the first half of the year narrowed from $18.5m (£12.1m) 12 months ago to $17.1m, but the pace of change appears to be slower than [...]
FTSE 100 carbon reporting: After the Volkswagen emissions scandal, how do Britain’s blue chip companies stack up? September 23, 2015 Still reeling from the Volkswagen emissions scandal, FTSE 100 companies’ own carbon reporting has now been put to the test – and financial companies have been found wanting. BT has been named the FTSE’s greenest company, as the telecoms group was lauded for its “rigorous and far reaching carbon strategy” by Carbon Clear, the organisation [...]
Volkswagen recall: Deutsche Bank cuts Dax forecast as emissions scandal hits German share prices September 23, 2015 The fallout from Volkswagen's emissions scandal could hurt the wider German market for the next 18 months, Deutsche Bank has warned. The German lender this morning cut its forecast for the Dax for both 2015 and 2016. It now expects the blue chip index to end this year at 10,300 points – 1,000 points lower [...]
Volkswagen boss Martin Winterkorn could be replaced by Porsche chief Matthias Muller by Friday as emissions-cheating scandal escalates September 23, 2015 Volkswagen boss Martin Winterkorn is under growing pressure in the job as the car giant suffered a second day of billion-dollar losses to its share price following the emissions cheating scandal. Berlin newspaper Der Taggespiegel is reporting that VW's supervisory board will meet tomorrow, ahead of a conference scheduled for Friday when it is [...]
Volkswagen car recall emissions scandal: VW boss Martin Winterkorn clings on as heat rises September 23, 2015 Volkswagen chief executive Martin Winterkorn will today face the company’s supervisory board to explain his role in the emissions scandal engulfing the carmaker, amid reports his job is on the line. Last night New York Attorney General Eric Schneiderman issued a statement confirming his office would be investigating Volkswagen. He said: “No company [...]
BT promises faster and wider broadband internet coverage as fight kicks off between TalkTalk boss Dido Harding and BT CEO Gavin Patterson September 23, 2015 A war of words broke out between the UK’s telecom firms again yesterday, as TalkTalk boss Dido Harding accused BT chief executive Gavin Patterson of “grandstanding” with a series of pledges to improve broadband service unveiled yesterday. The BT boss said the company wants to “forge an ultrafast future for Britain and stand ready to [...]
