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Industrial
Jaguar Type 00: A Bold Prelude to the Brand’s Electric Future
December 04, 2024 12:08 AM AEDT| By Team Kalkine MediaHighlights:,New Electric GT Design:,Jaguar introduces the Type 00, an electric four-door GT set to redefine the brand’s identity.,Visionary Aesthetic:,The car features innovative design elements, including bold curves and rear-facing cameras replacin...
Delaware Judge Upholds Decision Blocking Elon Musk's $56 Billion Tesla Compensation Package
December 04, 2024 12:08 AM AEDT| By Team Kalkine MediaHighlights:,Compensation Package Rescinded:,Delaware Judge Kathaleen McCormick denied a motion to revise her earlier ruling that overturned Elon Musk’s $56 billion Tesla compensation package.,Fiduciary Breach Alleged:,Shareholder Richard Tornetta arg...
Tesla (NASDAQ:TSLA) Faces Stiff Competition in China as Vehicle Shipments Decline Year-on-Year
December 03, 2024 10:37 PM AEDT| By Team Kalkine MediaHighlights,Tesla’s Shanghai factory shipments fell 4.3% year-on-year in November.,Domestic rival BYD achieved a 67.2% sales growth in the same period.,China’s new-energy vehicle market surged 51% year-on-year to 1.46 million units.,Tesla Inc (NASDAQ:...
Wizz Air Navigates Engine Challenges to Boost Passenger Numbers and Load Factor
December 03, 2024 09:45 PM AEDT| By Team Kalkine MediaHighlights:,Passenger Growth Despite Challenges:,Wizz Air carried 4.84 million passengers in November, up 1.7% year-on-year, despite engine capacity issues.,Higher Load Factor:,The airline’s load factor rose to 91.5%, reflecting efficient seat utiliz...
Porvair plc Insider Activity: Sheena Mackay’s Recent Stock Purchase Amid Market Performance
December 03, 2024 07:25 PM AEDT| By Team Kalkine MediaHighlights,(PRV) insider Sheena Mackay,purchased,2,956 shares.,Transaction occurred on November 29th at an average price of GBX 673.,Porvair plc,operates,in filtration, laboratory, and environmental technology sectors.,Porvair plc (LON:PRV), a promin...
Fidelity Ups Stake Valuation in X Amid xAI Growth and Political Shifts
December 02, 2024 11:49 PM AEDT| By Team Kalkine MediaHighlights:,Stake Value Increases by 32%:,Fidelity raised the valuation of its stake in X, marking the most significant monthly increase since Elon Musk acquired the platform.,AI Integration Boosts Momentum:,xAI’s expansion and its synergies with X h...
Volkswagen Faces Strikes Amid Cost-Cutting Measures and Industry Challenges
December 02, 2024 11:49 PM AEDT| By Team Kalkine MediaHighlights:,Strikes Hit Nine VW Plants:,Workers staged two-hour strikes at key Volkswagen Group facilities, protesting job cuts and factory closures.,Union Criticizes Cost-Cutting Plan:,IG Metall accuses Volkswagen of targeting €17 billion in overhea...
Citi Reaffirms Support for BAE Systems Despite US Defence Spending Worries
December 02, 2024 11:49 PM AEDT| By Team Kalkine MediaHighlights:,BAE Systems Viewed Favorably by Citi Analysts:,Citi reiterates a positive outlook, citing robust profit growth and better free cash flow conversion.,Lower Risk Compared to US Counterparts:,BAE’s lower exposure to US Department of Defense...
Stellantis Grapples with Leadership Crisis After CEO Carlos Tavares Steps Down
December 02, 2024 11:49 PM AEDT| By Team Kalkine MediaHighlights:,Stellantis CEO Resignation Raises Concerns:,Carlos Tavares’ unexpected exit follows the departure of CFO Natalie Knight, intensifying management instability.,Market Confidence Impacted:,Analysts anticipate challenges in Stellantis’ turnar...
Supreme PLC Acquires Typhoo Tea in Strategic Diversification Move
December 02, 2024 10:57 PM AEDT| By Team Kalkine MediaHighlights:,Supreme PLC acquires iconic UK brand Typhoo Tea:,The vape distributor completes a £10.2 million deal to bring the British tea brand out of administration.,Diversification strategy in focus:,The acquisition aligns with Supreme's goal to ex...
Stellantis NV CEO Carlos Tavares Resigns Amid Strategic Rift and Declining Performance
December 02, 2024 09:59 PM AEDT| By Team Kalkine MediaHighlights:,Carlos Tavares Resigns:,Stellantis CEO steps down following strategic disagreements with the board.,Declining Sales and Profit Warnings:,Stellantis reports a 27% sales drop and issues a profit warning amid inventory cuts.,Leadership Trans...
Inspired PLC Adjusts Earnings Forecast Amid Delays but Maintains Strong 2025 Outlook
December 02, 2024 09:59 PM AEDT| By Team Kalkine MediaHighlights:,Revised 2024 Earnings Guidance:,Inspired PLC now anticipates £23 million in adjusted EBITDA for 2024, down from £27.5 million due to project delays.,Optimisation Projects Shift to 2025:,Key projects delayed to next year are expected to co...
TI Fluid Systems Accepts £1 Billion Acquisition by ABC Technologies
November 29, 2024 09:13 PM AEDT| By Team Kalkine MediaHighlights:,All-Cash Deal at 54.5% Premium:,TI Fluid Systems accepts a £1 billion acquisition offer from ABC Technologies, offering 200p per share.,Strategic Alignment for Growth:,The deal aims to accelerate TI Fluid Systems' development by combining...
BYD Seeks Supplier Price Reductions to Tackle Industry Cost Pressures
November 29, 2024 07:49 PM AEDT| By Team Kalkine MediaHighlights:,Supplier Price Reduction Drive:,BYD has reportedly asked suppliers of key components like electric control units and sensors to lower prices.,Potential Expansion:,Reports suggest the demands may extend to other categories among BYD’s 8,00...
UK Government Considers Delaying Hybrid Car Ban Amid Industry Pressures
November 29, 2024 07:34 PM AEDT| By Team Kalkine MediaHighlights:,Hybrid Car Ban Under Review:,Ministers are reconsidering the 2030 hybrid sales ban due to industry challenges.,Flexibility in EV Targets:,Proposals include freezing current electric vehicle (EV) sales targets to support carmakers.,UK Car...
Severfield’s First Half 2025 Financials Show UK£0.014 Loss per Share, Compared to UK£0.027 Profit in 1H 2024
November 29, 2024 06:37 PM AEDT| By Team Kalkine MediaHighlights:,Severfield (LSE:SFR) reported a 17% increase in revenue for the first half of 2025, reaching £252.3 million.,The company faced a significant net loss of £4.25 million, reversing a profit of £8.36 million in the same period of 2024.,Despit...
Euro Area Inflation Released for Today
November 29, 2024 06:13 PM AEDT| By Team Kalkine MediaHighlights:,Euro area inflation for November is anticipated to come in at 2.2%, slightly lower than the previous estimate of 2.3%.,In Sweden, Q3 GDP figures are expected to show a more favorable outcome, potentially offsetting earlier negative indica...
Brickability Group’s Financial Performance for First Half of 2025 Made Public
November 29, 2024 06:11 PM AEDT| By Team Kalkine MediaHighlights:,Brickability Group’s revenue for the first half of 2025 increased by 1.9%, reaching £330.9 million.,The company’s net income declined by 62%, falling to £4.26 million, with profit margins dropping from 3.5% to 1.3%.,Despite a challenging...
Severfield PLC Moves Forward with Share Buyback on LSE
November 28, 2024 07:52 PM AEDT| By Team Kalkine MediaHighlights:,Severfield PLC repurchases 500,000 of its shares as part of an ongoing share buy-back program.,The repurchased shares will be cancelled, affecting the company’s total voting rights.,This move reflects Severfield’s continued strategy to op...
New Hires Strengthen Gateley Legal’s Leeds Office with Eight Additions
November 28, 2024 07:31 PM AEDT| By Team Kalkine MediaHighlights:,Gateley Legal expands its Leeds office with eight new legal appointments.,The firm continues to strengthen its residential development, commercial dispute resolution, and real estate teams.,The Leeds office has grown by 22% since 2022, re...
AI on the Rise: A Look at Top AI Companies and Their Stocks