Sunday, 19 May 2024

Business

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Aston Martin boss says Brexit delay would prolong uncertainty

LONDON (Reuters) – A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin told Reuters after Prime Minister Theresa May promised to give lawmakers a vote on extending the date Britain leaves the EU. Many firms have been triggering contingency plans on the assumption that […]

A New Editor, and a New Take on Brexit, for a Brawny London Tabloid

LONDON — Just past the entrance to the airy headquarters of The Daily Mail, Britain’s pugnacious and politically powerful publication, stands a sculpture of three small spheres with wings. The title is hidden away on a small plaque: “Bullets of Information.” Quite. Few papers in the run-up to the Brexit referendum weaponized the tabloid tools […]

Attilan unable to meet fund investor's $2m put

SINGAPORE – Attilan Group is unable to redeem $2 million of preference shares in its TAP Venture Fund I (TAPVF) after another investor in the fund exercised a put option, the company said on Thursday (Feb 28) after the market closed. Attilan, a listed investment firm, has until June 1, 2019 to complete the redemption. […]

Insurance chief attacks slow pace of claim culture reform

There’s a “high risk” that insurance cost and claims reform will wither on the political agenda, according to FBD chief executive Fiona Muldoon. She has blasted the snail’s pace of planned reforms but conceded that the strong set of full-year results posted by her stock market-listed insurance group yesterday does little to advance its cause […]

Boeing seeks UK decision on Wedgetail jet buy this year: executive

AVALON, Australia (Reuters) – Boeing hopes Britain will decide this year on plans to buy E-7 Wedgetail early warning jets, an executive said, after talks last year sparked a row over competition in arms procurement. Britain said in October it was in exclusive discussions with Boeing and the Royal Australian Air Force (RAAF) about buying […]

WeWork aims for the middle with expanded 'HQ' service

NEW YORK (Reuters) – WeWork is expanding an effort to retain mid-sized businesses which had been leaving the shared office space manager after they grew past the small-company phase, and to catch up with rivals already catering to these clients. HQ by WeWork, launched in San Francisco and New York in August to provide enhanced […]

Germany's Merck makes $5.9 billion counterbid for Versum

FRANKFURT (Reuters) – German drugs and lab supplies maker Merck KGaA offered $5.9 billion, including debt, for Versum Materials, in a cash deal that tops an offer from U.S. rival Entegris, as both seek to boost their electrochemicals operations. Shares in electronic materials maker Versum soared 18 percent to $48.73 on Wednesday, while shares in […]