Business

Twickenham Studios unveils £15m investment plan

Twickenham Studios has unveiled a £15m investment plan to rejuvenate the business. The money has been put into the 100-year-old site by The Creative District Improvement Company, owned by producers Piers Read and Jeremy Rainbird. Investment: Films that have used Twickenham Studios over the years include Layer Cake (starring Daniel Craig and Sienna Miller, above) […]

Business

Short sellers face derision, death threats and unexplained pizza

Making money by betting a company’s shares will sink in value has become more challenging in recent weeks as markets rocketed higher and a growing wave of investors became ready to take on short sellers at almost any cost – even threatening their lives. Short sellers – contrarian investors who bet against rising stocks, such […]

Business

Prada CEO sees revenues rising to 5 billion euros in 4-5 years

Italian luxury group Prada sees revenues rising to 5 billion euros ($6.1 billion) in four to five years, its chief executive said on Thursday. “We will reach five billion euros … in a matter of four to five years. COVID-19 has given a strong shock to the whole system, we will see a strong acceleration […]

Business

Apple logs record quarterly smartphone shipments, Huawei in freefall

Apple Inc’s smartphone shipments jumped 22% to record levels in the fourth quarter, making it the world’s biggest seller, while those for Huawei plunged as U.S. sanctions took effect. An expanded number of models and a new look for the iPhone 12 lineup, Apple’s first 5G-enabled devices, tapped pent up demand for upgrades, especially in […]

Business

Regulators press Deutsche Bank CEO to drop investment bank role

Regulators are pressing Deutsche Bank CEO Christian Sewing to relinquish day-to-day oversight of its sprawling investment bank, two people with knowledge of the matter said. European Central Bank officials have held conversations with Deutsche Bank managers, including Sewing, in which they said the CEO should delegate direct control of the division to another board member, […]

Business

Google, Facebook battle Australia over proposed revenue-sharing law

Alphabet Inc’s Google has vowed to withdraw its main search engine from Australia, while Facebook Inc says it will block news sharing if the government proceeds with a law to make them pay domestic media outlets for content they feature. The dispute is being closely watched worldwide since it would be the biggest challenge yet […]

Business

Boeing gets U.S. approval to offer F-15EX to India

Boeing has received a licence from the U.S. government to offer its F-15EX fighter jet to the Indian air force, a senior executive said on Thursday. Boeing will compete with Sweden’s Gripen and France’s Rafale among others for the Indian air force’s plan to buy 114 multi-role aircraft to replace its Soviet-era fleet. Ankur Kanaglekar, […]