Princess Yachts back in profit but Rachel Reeves’ Budget forces job cuts Business A luxury yacht builder has surged back into profit and its sales jumped by more than £100m as hundreds of jobs were cut because of Chancellor Rachel Reeves’ Budget. Plymouth-based Princess Yachts has reported a revenue of £378m for 2024, up from the £276.3m it achieved in 2023, according to new accounts filed with Companies [...]
Tech tycoon Mike Lynch’s ‘unsinkable’ yacht sank due to design flaw, report finds News A British investigation has found that fatal design flaws left tech entrepreneur Mike Lynch’s £32m super yacht Bayesian dangerously vulnerable to capsizing – contradicting builder claims that the vessel was “unsinkable”. Lynch, often dubbed “Britain’s Bill Gates”, for his role in founding software giant Autonomy, was among seven people who died last August when the [...]
Italian prosecutor announces manslaughter investigation over yacht sinking News A manslaughter investigation has been opened into the deaths of seven people in the sinking of a luxury yacht off the coast of Sicily, an Italian prosecutor said.
Sicily yacht sinking: Five bodies found inside Bayesian wreck August 21, 2024 Five bodies have been found on day three of a search for six missing people following the sinking of a superyacht on Monday off the coast of Sicily.
Red Bull F1 guru Adrian Newey reveals plans for future, and says he’s been shut out May 16, 2024 Red Bull’s departing design guru Adrian Newey has revealed his plans for the future after admitting that he has been shut out of engineering meetings at the F1 team since his decision to leave the reigning champions. Newey, credited as being one of the most influential designers motor sport has ever seen, announced he’d be [...]
