International Companies
SpaceX could be considering building Starship rockets at Port of LA
SpaceX is said to be considering setting up a new rocket factory in the Port of Los Angeles to build Starship and Super Heavy launch vehicles.
Aston Martin set to choose between funding from Geely or Lawrence Stroll
Aston Martin has convened a board meeting to decide on an emergency fund raising round.
Roche proposes 33rd consecutive dividend increase after solid 2019
Roche reported a 9% improvement in group sales at constant currency in its 2019 results on Thursday to CHF 61. 47bn (£48. 45bn), and an 8% increase in Swiss francs, which it said was driven by new products, which “more than compensated” for the impact of competition from biosimilars.
Tesla earnings beat expectations in Q4
Electric carmaker Tesla shares surged in extended trading after reporting a fourth-quarter earnings beat on Wednesday.
Santander ends year with higher-than-expected capital position
Spanish banking group Santander struck an upbeat note for 2020 on Wednesday, after it ended 2019 with a better-than-expected capital position.
SpaceX closer to re-usable launch system after latest Starlink test
SpaceX is one step closer to an even more re-usable launch system on Wednesday after it managed to recover one of the halves of the fairing on the Starlink satellite launch.
Streaming rivals undermine AT&T as revenues dip
US media giant AT&T reported a slide in fourth-quarter revenues on Wednesday, as the growing popularity of streaming services hurt satellite TV subscriptions.
McDonald's beats quarterly sales forecasts
Fast-food giant McDonald's beat analysts' forecasts with its most recent set of quarterly sales figures on Wednesday as it vowed to invest more into technology and research in 2020.
Boeing's Q4 hammered by 737 MAX grounding and charges in space unit
Aerospace giant Boeing closed 2019 on a dour note, hammered by the ongoing fallout from the grounding of its best-selling 737 MAX jet following two fatal crashes and a poor showing from its space arm.
EU designs plan to scrutinise risks of Huawei involvement in 5G
The European Union is designing a plan to judge telecoms equipment suppliers that could pose a security threat and exclude them from the critical parts of the bloc's 5G network.
British Airways suspends flights to and from China over coronavirus
British Airways has suspended all direct flights to and from the Chinese mainland as concerns deepen about the spread of the deadly coronavirus.
Apple tops estimates in best ever holiday trading period
Tech giant Apple posted record quarterly figures for the holiday trading period on Tuesday, easily exceeding both revenue and earnings expectations.
Ryanair warns of job losses and base shutdowns after 737 Max delays
Ryanair warned pilots on Tuesday that it could close bases and cut jobs as the delivery date for some 737 Max aircrafts was delayed to autumn, missing the peak summer months.
Government approves 'limited' role for Huawei in 5G rollout
The government has approved a limited role for Huawei in the rollout of the UK’s 5G network, overruling opposition from Washington and a number of senior Conservative MPs.
3M misses on profits, plans to cut 1,500 jobs
Shares in consumer and industrial products manufacturer 3M were under pressure ahead of the bell on Tuesday after the group fell short of fourth-quarter profit expectations and announced it would be cutting as many as 1,500 jobs as part of a restructuring programme.
BorgWarner to buy Delphi Technologies in $3.3bn deal
Shares of Delphi Technologies surged in pre-market trade on Tuesday after it agreed to be bought by BorgWarner Inc. in an all-share deal that values the business at about $3. 3bn.
Pure Gold Mining shares rise on latest development at Red Lake
Pure Gold Mining announced on Tuesday that mine development at the Pure Gold Red Lake Mine, initiated as part of the test mining programme, had now resumed, and exploration drilling in close proximity to that development had intersected high-grade gold mineralisation from both infill and step-out drill holes.
United Technologies beats forecasts, tie-up with Raytheon seen in Q2
United Technologies posted better-than-expected quarterly revenues and profits as it continued to progress on spinning off its activities outside of the aerospace field and its merger with Raytheon.
Ofgem to probe National Grid and Scottish Power over undersea cable
Ofgem, the UK energy regulator, has launched a probe into National Grid and Scottish Power over a £1. 3bn undersea cable project.
UK set to approve Huawei involvement in 5G network development
The UK government is set to approve a minimal role for Huawei in the country’s 5G network on Tuesday which could lead to tensions with the US.