All by Michael Smith

Airlines begin to feel the financial pinch

Running an airline is often a difficult balancing act. There are so many external factors that can have a real impact on an carriers bottom line. Despite the industry enjoying record numbers of passengers, a storm cloud seems to be forming on the horizon with The International Air Transport Association (IATA) lowing its profit forecast for 2018 by 12per cent….

China issues its own trade warnings

The United States has continued to turn the trade screw on some of its closest partners, as President Donald Trump presses forward with his America First agenda. If asked, it would be fair to say most of the United States closest allies felt sanctions were unlikely to come into play and were merely to be seen as a campaign pledge made by a candidate looking to tap into a disenfranchised voter….

Pret A Manger finds new owner

Another staple of the UK high street has been snapped in a deal expected to be worth about £1.5bn. Pret A Manger has been sold by private equity owners Bridgepoint to Luxembourg-based JAB Holdings with the deal looking to complete by early summer….

DIY retailer Homebase sold for £1

DIY chain Homebase has been sold by its Australian owner, Wesfarmers, following an onerous two years of trading which cost the brand £1bn. It is being described as one of the worst retail acquisitions ever, with the results clearly illustrating a lack of understanding for the UK DIY market….

Deutsche Bank plan 7,000 job cuts

Despite having the title of Germany’s largest lender, Deutsche Bank have been left with little choice other than to cut their current employee number by 7,000. The bank currently employees around 97,000 people, but following an extensive review of their current model the reductions need to be made in the hope the business can return to profit….

Fingers in many pies

Employing in excess of 74,000 people and with a parent company boasting a market value of more than 110.8 billion, Google can certainly be seen as a corporate monster. With investments ranging from autonomous vehicles to smart home tech, their aims seem to be limitless....

Starbucks agree $7.1bn deal with Nestle

There is no denying Starbucks popularity, given that most cities around the world boast at least one outlet. Besides independent shops Starbucks coffee can be found in service stations, cinemas, hotels, theme parks and aboard aircraft to name just a few….

Is Tesla in financial trouble?

There has been a lot of talk since the start of the year surrounding Tesla’s difficulties in getting Model 3 production off the ground. Tesla find themselves in the unusual position of having a vast backlog of orders, all of whom having to wait an inordinate amount of time to receive a build slot. Even with fairly optimistic ramp up plans, Tesla have failed to hit any of their production targets for the Model 3….

UK Government borrowing lowest since 2007

Cuts have been a popular topic in recent times, as the UK Government looks to reduce overall national spending. Following on from George Osbourne, the former UK Chancellor, Phillip Hammond has continued with the aim of reducing the gap between borrowing and spending….

Shell to provide housing energy

Already a major supplier of energy in the form of petroleum and auto gas, Shell have started to make the move into providing households across the UK with energy. In a recently agreed deal Shell will buy energy supplier First Utility, enabling the business to gain the market knowledge and customers of an already established energy provider....

5G network is on the horizon

5G is the next step for the mobile network as demand for speed and coverage continues to grow. Ofcom generated £1.36bn from Vodafone, EE, O2 and Three as the industry starts to introduce the switch. 5G will vastly improve data speeds on mobile devices and will help free up much-needed bandwidth....

US gives a brief free pass to neighbours

The international community is up in arms following a controversial decision from US officials to impose a 25% tariff on steel, and 10% tariff on aluminium imports. President Trump has been very vocal in his bid to improve what he sees as a fair playing field for US metal produces, regularly stating his belief that imported products have hampered the US jobs market....

Spotify aims for $23bn valuation

Launched in 2008, Swedish music streaming site Spotify has filed to list on the New York Stock Exchange, with initial share prices indicating a good result could boost the company’s value to $23bn (£16.7bn)....

Nature finds a way

It takes two to tango is a popular term often used to describe the basic requirements for procreation, one cannot exist without the other.  The mutated marbled crayfish however, a new all-female species, is currently expanding at an expeditious rate having found a way to independently reproduce creating hundreds of eggs at a time....