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Archive for February, 2019

Aston Martin shares dive by 18% on losses

February 28, 2019

Aston Martin Lagonda notched up big losses last year, as the cost of floating on the stock exchange hit its results. Publishing its first results since it went public in October the firm reported a pre-tax loss of £68m, compared with profits of £85m in 2017. The luxury car firm also said it would set […]

Manchester City replaces Nike with Puma in kit deal

Premier League champions Manchester City have signed a long-term kit deal with Germany’s Puma, replacing their current agreement with Nike. The size of the deal was not disclosed, but media reports suggest it could be worth up to £65m a year for 10 years. It will come into effect in July and also covers sister […]

Semi-identical twins ‘identified for only the second time’

Doctors have documented what they say is only the world’s second known case of “semi-identical” twins. The boy and the girl, now four, from Brisbane, in Australia, are identical on their mother’s side. But they share only a proportion of their father’s DNA – placing them, genetically, somewhere between fraternal and identical twins. Experts say […]

TikTok: Record fine for video sharing app over children’s data

Short-form video sharing app TikTok has been handed the largest ever fine for a US case involving children‘s data privacy. The company has agreed to pay $5.7m (£4.3m) and implement new measures to handle users who say they are under 13. The Federal Trade Commission (FTC) said the Musical.ly app, which was later acquired and […]

UK migration: Rise in net migration from outside EU

Net migration to the UK from countries outside the European Union has hit its highest level for 15 years, the Office for National Statistics says. Figures show 261,000 more non-EU citizens came to the UK than left in the year ending September 2018 – the highest since 2004. In contrast, net migration from EU countries […]

Foxtons warns London housing market in ‘prolonged downturn’

London-focused estate agent Foxtons has swung to a loss and says the housing market in the capital is in a “prolonged downturn”. The company reported a loss of £17.2m for last year, partly due to the costs of closing six offices. It made a profit of £6.5m in 2017. Foxtons added that Brexit uncertainty was […]

Giant Norwegian wealth fund plans to increase UK investment

Norway’s giant state investment fund has said it will increase its investment in the UK. The sovereign wealth fund, which has $1tn (£750bn) to invest from Norway’s oil and gas income, is already one of the biggest investors in UK assets. Its chief executive has said that it will continue to be a “significant” investor […]

Rolls-Royce swings to £2.9bn loss

Engineering giant Rolls-Royce swung into loss last year, as it increased the charge for fixing problems with its Trent 1000 engines. The company also took a charge of £186m after Airbus said it was stopping production of its A380 superjumbo aircraft. Rolls-Royce reported a pre-tax loss of £2.9bn for 2018, down from a profit of […]

Wonga causing damage ‘from beyond the grave’

February 27, 2019

The finances of 10,500 borrowers are being “damaged from beyond the grave” by collapsed payday lender Wonga, according to a committee of MPs. Wonga fell into administration in August last year, with these customers awaiting ombudsman rulings on whether they were mis-sold loans. Many have given up hope of redress, and the Treasury Committee said […]

Eritrean Press: Reporting on Africa’s most secretive state

He’s the editor of a popular Facebook page that provides news from a country with one of the world’s worst records on press freedom. But not even the journalists who write for him know his real identity. On the surface, J’s life appears fairly ordinary. He has a day job, a family and a football […]

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