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UK car production fell 20% in November

UK car production fell 20% in November

The Society of Motor Manufacturers and Traders (SMMT) blamed the “substantial” decline on weaker demand at home and in key European and Asian export markets. It also said the ongoing impact of new regulation alongside planned model and technology changes hurt demand. Just over 129,000 cars were built in November, down by 19.6% on the same month last year. Exports […]

Interserve in talks with lenders over debt swap

Interserve, which is attempting to scale back its, is hoping to convert its outstanding borrowing into equity – effectively handing over the business to lenders to avoid a Carillion-style collapse. In volatile trading, shares in Interserve, which opened up more than 18%, slid more than 12% to 9.5p. Its stock is down more than 90% this year. Michael Hewson, chief […]

Drone chaos: What are the passengers‘ rights?

Drone chaos: What are the passengers‘ rights?

Many will be wondering whether they can be compensated for delays of cancellations. :: Will those affected be entitled to compensation? The Civil Aviation Authority has declared the event to be an “extraordinary circumstance” because it is out of the control of the airlines. Extraordinary circumstances can include, a security risk, political instability or severe weather that makes flying dangerous. […]

Barclays rebuffs Bramson bid for seat at table

Barclays rebuffs Bramson bid for seat at table

Sky News has learnt that Mr Bramson raised the idea of Barclays granting Sherborne Investors a board seat several weeks ago, but was told that the lender regarded the move as being inappropriate. Sources said the request had been made on an informal basis during discussions that Mr Bramson held with members of Barclays‘ board, including Jes Staley, the chief […]

Brexit uncertainty hits business investment

The Office for National Statistics said it fell 1.1% in the third quarter, revised up by 0.1 percentage points from the first estimate. Howard Archer, chief economic adviser to the EY Item Club, said: “This strongly suggests businesses were cautious over investment as doubts mounted as to whether a Brexit transition arrangement would come into being next March and companies […]

Lockerbie victims remembered 30 years on

Lockerbie victims remembered 30 years on

It was on 21 December 1988 that a Pan Am jet travelling between London and New York was bombed out of the sky. All 259 passengers and crew on board were killed when the aircraft exploded in the skies above Lockerbie. Eleven people were killed on the ground when the wreckage fell. Image: The wrecked nose section of the Pan-Am […]

Ex-Nissan chairman Ghosn rearrested on new charges

Ex-Nissan chairman Ghosn rearrested on new charges

Carlos Ghosn can be held for another 10 days in a Tokyo jail after prosecutors alleged he had passed on personal investment losses of $16.6m (£13.1m) to Nissan. Ghosn was arrested a month ago – along with a colleague – as part of an investigation into alleged financial misconduct . He was later formally charged. A Tokyo district court on […]