The literal translation of ‘Volkswagen’ is ‘people’s car’, but there is nothing proletarian about a price tag from £68,065. This puts the Touareg up against some decidedly premium competition, including …
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Semiconductor giant ASML says sales blip is ‘warning sign’ for chip-makers like Apple supplier TSMC and Intel
ASML, the world’s largest supplier to the semiconductor industry, missed sales forecasts in its first quarter sending shares down 4.5 per cent in pre-market trading. The Dutch technology giant reported …
London Gatwick co-owner strikes £1.27bn deal for majority stake in Edinburgh Airport
A majority stake in Edinburgh Airport has been acquired by French infrastructure group Vinci for £1.27bn, it has been confirmed. The group has agreed to snap up 50.01 per cent of …
Urban Logistics REIT boosts rental income after failed Abrdn trust bid
Real estate investment trust Urban Logistics has seen rents jump significantly across its properties, as the warehouse owner recovers from its failed Abrdn M&A bid earlier this year. In the …
Saga cruises back to growth as over 50s return to the high seas
Saga, the UK’s specialist in products and services for people over 50, has reported a jump in revenue and profit off the back of higher demand for its holiday packages. …
Time Out to open in Budapest, Abu Dhabi and Vancouver in 2025 – but still no London market
Media and hospitality group Time Out’s international expansion plans are in full swing. It was announced today a new Time Out market is set to open in Budapest in 2025. …
Severfield launches buyback as booming steel demand in UK and Europe powers record backlog
Severfield, the structural steel producer, has reported a record order backlog in its key markets as the demand for structural steel in major infrastructure projects has boomed. In a trading …
Aston Martin and Lamborghini supplier Surface Transforms sets out ‘worst case scenarios’
Surface Transforms, a supplier to the likes of Aston Martin and Lamborghini, has set out its growth expectations for the year after a shareholder requested it revealed its “worst case …
Equals: Payments fintech extends deadline for merger talks with MDP, Railsr and TowerBrook
Equals has again extended a deadline for formal takeover offers as the fintech payments group conducts a strategic review of its standalone prospects. The firm has received non-binding takeover proposals …
Exclusive: Business backs Labour, new polling of UK bosses says
UK firms have backed Labour with a 14-point lead over the Conservatives on the question of which party is best for business. Research by pollsters at Savanta asked 1,005 companies …