London Tunnels delivers blow to the City as it opts for Amsterdam IPO
The company is the latest in a string of high-profile names to turn its back on the London Stock Exchange, in favour of other exchanges in the US and elsewhere in Europe. London Tunnels, the company aiming to convert an 8,000 square metres central London underground network of abandoned tunnels, known as the Kingsway Exchange, […]
Airbus shares tumble amid surprise outlook downgrade
Airbus’ stocks plunge as aerospace manufacturer downgrades profit and production forecast for 2024 due to supply chain concerns. Shares of Airbus tumbled 9.5% on Tuesday after Europe’s biggest plane maker made an unscheduled announcement to cut its outlook for 2024. The group expects to deliver 770 commercial aircraft this year, compared with the previously projected […]
German car giant VW to invest billions in Tesla rival Rivian
The deal of up to €4.68bn creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology. Under the agreement, VW said it will initially invest €0.94 billion in the electric truck and SUV maker, with another €3.74bn to be put into the company by 2026. Founded in […]