Tom Frew

Midlands based firm cite successful “launches of all-new Range Rover, Jaguar XF Sportbrake and new AWD XF and AWD XJ and several engine derivatives”. Jaguar Land Rover, which has plants in the Midlands including Solihull, has reported revenues of £15.8bn for the fiscal year ended 31st March 2013, up 17% year on year (£13.5bn last […]

The Commission is seeking to move “beyond the crisis” The European Commission has today adopted recommendations to EU Member States designed to move Europe beyond the crisis and strengthen the foundations for growth. In a statement the EC said that the “recommendations are based on detailed analyses of each country’s situation and provide guidance to […]

State-supported bank seeks to focus on UK interests. Lloyds Banking Group, which is 39% owned by the UK state, has announced the proposed sale of its International Private Banking business to Union Bancaire Privée (‘UBP’). The deal will include the business of the Group’s Geneva-based Private Bank, its branches based in Geneva, Zurich, Monaco and […]

Global recovery is uneven but gradual. The global economy is moving forward, but divergence between countries and regions reflects the uneven progress made toward recovery from the economic crisis, according to the OECD’s latest Economic Outlook. Historically high unemployment remains the most serious challenge facing governments. World real gross domestic product (GDP) is projected to […]

Aluminium product manufacturer lists on New York and Paris Euronext New York, Paris – 27 May 2013 – NYSE Euronext (NYX) today announced that Constellium N.V. (ticker: CSTM), a global leader in innovative and high value‐added aluminium products, celebrated its first days of trading and dual listing on its markets in Europe and the United […]

Discovery at Deepwater KG D6 Block. Reliance Industries Limited (RIL) and its partners BP and NIKO today announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India. The KGD6-MJ1 well was drilled in a water depth of 1,024 metres – and to a total depth of 4,509 […]

Deal to cost bank nearly 38m euros. Santander has been authorized by the Chinese Banking Regulatory Commission (CBRC) to proceed with the acquisition of 20% of the Bank of Beijing Consumer Finance Company (BoBCFC). Santander will invest RMB 306 million, or about EUR 38 million, to acquire new shares of BoBCFC in a capital increase […]

Internet giant promises not to “screw it up” Yahoo! Inc. (NASDAQ: YHOO) and Tumblr have announced that they have reached an agreement for Yahoo! to purchase micro-blogging site Tumblr for $1.1bn. Per the agreement and their promise not to screw it up, Tumblr will be independently operated as a separate business. David Karp will remain […]

Tableau Software Celebrates Public Debut as “DATA” on the New York Stock Exchange Tableau Software, Inc., a provider of business analytics software, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “DATA” after its initial public offering. The company’s stock opened on the NYSE at $47, up 52% from […]

E-commerce sales grew more than 30 percent compared to 2012. Wal-Mart Stores has reported financial results for the first quarter ended April 30, 2013, with Q1 net sales of $113.4 billion, an increase of 1.0 percent over last year. Net sales last year benefited by 1.0 percent from the extra day due to leap year. […]