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Boeing to admit fraud to avoid trial over crashes that killed 346 people
Boeing is to plead guilty to a criminal fraud conspiracy charge to resolve a US investigation into two fatal 737 MAX crashes.An official at the US Department of Justice (DoJ) revealed overnight that Boeing would pay a $243.6m (£190.1m) fine and invest at least $455m (£355m) over three years to strengthen its safety and compliance …
Business
Evening Standard
Around 80% of farmers pressurised into new revenues amid tough conditions
Around 80% of farmers have said that tough market conditions have pressurised them into considering alternative revenue streams, according to new research.Farmers across the UK have sought to diversify from traditional arable, diary or livestock farming to use their land in different ways to boost their income.Research commissioned by Investec Wealth and Investment and The …
Business
Evening Standard
All-inclusive Potters Resorts named top UK holiday park, according to survey
All-inclusive Potters Resorts has been named the top UK holiday park, according to a survey.Big name holiday park firms Pontins and Butlins scored in the bottom five of the Which? list.Which? surveyed more than 1,700 people about their experiences at UK holiday parks in the last two years, asking them to rate their stays on …
Business
Sky News
Revolut founder Storonsky to cash in as part of $500m share sale
The founder of Revolut is to cash in part of his multibillion dollar stake in the company as part of a $500m (£391m) share sale.Sky News has learnt that Nik Storonsky, who is the fintech giant’s chief executive, plans to offload stock worth tens or even hundreds of millions of dollars in the secondary deal …
Business
Business Live
County Durham’s Cook Defence Systems sees rising revenues and profits
A North East defence specialist has seen a 30% increase in turnover, triggered by global geopolitical instability increasing demand for armoured vehicles. Cook Defence Systems, in Stanhope, County Durham, is a world-leading designer and manufacturer of track systems for armoured vehicles and a strategic supplier to the Ministry of Defence, as the only British manufacturer …
Business
Sky News
Lord Saatchi weighs Telegraph move ahead of bid deadline
One of the advertising gurus who helped propel Margaret Thatcher to power is weighing the formation of a consortium to bid for The Daily Telegraph.Sky News has learnt that Lord Saatchi, the Conservative peer, has been discussing the option of launching an offer for the right-leaning newspapers ahead of a deadline later this month. Lord …
Business
Evening Standard
Junior doctor talks to ‘start next week’ – Streeting
Junior doctors in England will restart negotiations with the Government next week, the new Health and Social Care Secretary has announced.Wes Streeting delivered on his promise to call junior doctors in England on “day one” of a Labour Government.Health leaders have urged the government to resolve the long-running dispute as a “priority” after it emerged …
Business
Evening Standard
Pound holds steady amid ‘relaxed mood’ on London market after Labour win
The pound stood firm while London’s blue-chip share index struggled to hold onto gains as economic data overseas somewhat superseded Labour’s well-anticipated victory in the General Election.With a significant Labour majority already having been priced into financial markets, there was a muted reaction to the election result as investors looked to the new political era …
Business
Business Live
People on the move: key North East appointments and promotions
Renewable energy developer OnPath Energy has appointed Ashley Wright to its senior team. Mr Wright has joined OnPath as its general counsel and brings more than three decades’ experience of project finance, mergers and acquisitions, and corporate law to his new role. He has worked in senior and partner positions at law firms including Norton …
Business
Evening Standard
Fate of Thames Water and budget for nature-friendly farming in Labour’s in-tray
Labour inherits a host of environmental issues that will need to be dealt with by a department which is unprotected and could face a further financial squeeze.The new Government is already being urged to “hit the ground running” and “crack on” with nature recovery and investment to support the countryside, where it has won many …
Business
Evening Standard
Pound strengthens but FTSE loses ground after US jobs data
The pound has strengthened against the US dollar and the euro after the UK ushered in a new government, while top European stock markets faltered as investors turned their attention to events overseas.Sterling was up about 0.3% against the US dollar at 1.28, and 0.2% against the euro at 1.1825 on Friday afternoon.Traders had been …
Business
Evening Standard
Crest Nicholson attracts fresh bidding interest after shrugging off Bellway
Crest Nicholson has attracted fresh bidding interest after rejecting a possible offer from rival housebuilder Bellway, as the housing sector was boosted by a Labour election victory.The Surrey-based company said it had received an all-share proposal from Avant Homes to combine the two housebuilders.Avant – an affordable housebuilder focused on the Midlands, the North of …

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