{
}
Two ultra-luxury Huawei Luxeed Maextro S800 sedans were spotted in Sydney, marking the brand's potential entry into the Australian market. Priced between $A250,000 and $A330,000, these nearly 5.5-meter-long vehicles feature advanced self-driving technology and are set to compete with high-end models like Mercedes-Benz Maybach and Rolls-Royce. The Maextro brand is a joint venture between Huawei and JAC, with local testing possibly indicating a launch in 2025.
British engine maker Rolls-Royce is looking to expand its U.S. manufacturing to counter rising global tariffs. Meanwhile, Santander-backed Ebury's London listing faces uncertainty amid market volatility, and Heathrow airport has resumed normal operations after a recent power cut. Ocado has scaled back its diversity targets, and Thames Water struggles to attract new investors due to challenges in asset record accuracy, despite a £3 billion debt bailout. Finance Minister Rachel Reeves is considering over £2 billion in spending cuts, including 10,000 civil service job reductions, to reallocate resources to frontline services.
Huawei, in collaboration with JAC Group, has unveiled the Maextro S800, a luxury EV/EREV aimed at competing with the likes of Mercedes-Maybach. This striking vehicle features design elements reminiscent of high-end brands and boasts impressive performance with a total output of 1,006 horsepower from its triple-motor setup.Pre-orders for the S800 began in November, with prices ranging from 1 to 1.5 million yuan ($136k – $205k USD), reflecting its premium positioning in the market. The interior is expected to showcase advanced technology and luxury materials, aligning with the latest trends in Chinese automotive design.
The FTSE 100 experienced its best year since 2021, achieving an 11.4% total return, with notable performances from NatWest, Rolls-Royce, DS Smith, IAG, and Barclays, all poised for growth in 2025. Despite economic challenges, these companies have shown resilience, driven by strategic transformations and strong financial results. The ongoing merger and acquisition activity among undervalued UK stocks may further enhance market dynamics in the coming year.
Global markets faced a downturn this week as rising government bond yields followed the US inflation data and the ECB's hawkish rate cut. European stocks showed mixed results, with consumer stocks rallying amid hopes for Chinese stimulus, while US markets were mixed, led by gains in technology shares despite losses in most sectors. In China, stock markets rallied on expectations of further stimulus measures.
Walgreens Boots is in talks for a sale to Sycamore Partners, while Domino’s bids for Wingston’s UK franchise. In a significant move, a federal judge blocked Kroger's $24.6bn merger with Albertsons, favoring antitrust regulators. Meanwhile, Evergrande's liquidation efforts face challenges as its assets are primarily in mainland China, complicating recovery for investors.
NatWest Group Plc is on track for its largest annual gain since 1993, with its stock surging 89% in 2024, driven by high interest rates and the government's planned exit from its stake acquired during the financial crisis. The bank's recent boost comes after JPMorgan Chase & Co. named it one of their top stock picks, trailing only Rolls-Royce Holdings Plc in the FTSE 100 rally.
Virgin Atlantic CEO Shai Weiss criticized the U.K. Labour government's budget as a "tax on growth," highlighting increased Air Passenger Duty (APD) rates that could hinder the aviation sector's contribution to the economy. The budget, which includes significant tax hikes aimed at businesses, has raised concerns among corporations about expansion and investment. Despite challenges, Weiss expressed optimism for Virgin Atlantic's return to profitability in 2024, despite ongoing issues with Rolls-Royce Trent 1000 engines affecting operations.
Virgin Atlantic Airways is experiencing strong demand for its business and premium economy seats this winter, reflecting a trend towards luxury travel. While economy class demand is slightly weaker, it aligns with expectations, and fares remain stable. The airline has a limited number of Boeing 787s grounded due to engine issues, but this is not anticipated to affect fares.
Rolls-Royce Holdings Plc is optimistic about reviving demand for its Trent 1000 engine, which powers Boeing's 787 airliner. The company plans to implement two upgrades aimed at enhancing durability and competitiveness, potentially leading to new orders, according to CEO Tufan Erginbilgic.
Rolls-Royce Holdings plc
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei luxury sedans spotted in sydney ahead of australian launch
22:17 29.03.2025
business updates on uk firms and economic challenges march 24
British Pound Sterling
Banco Santander, S.A.
Thames Water Ltd.
Ocado Group plc
Rolls-Royce Holdings plc
GBR
Rachel Reeves
Bruce Carnegie-Brown
Show more
05:17 24.03.2025
huawei unveils maextro s800 a luxury electric vehicle rivaling mercedes maybach
05:46 21.01.2025
top ftse 100 stocks to watch for growth in 2025
DS Smith Plc
Barclays PLC
Rolls-Royce Holdings plc
NatWest Group plc
GBR
Luis Gallego
Tufan Erginbilgiç
C. S. Venkatakrishnan
Miles Roberts
Paul Thwaite
Show more
18:15 16.12.2024
stock market rally stalls as bond yields rise and inflation concerns grow
Canadian Dollar
United States Dollar
Swiss Franc
Euro
Rolls-Royce Holdings plc
Christian Dior SE
Tesla, Inc.
Safran SA
L'Oreal SA
Alphabet Inc.
Shell plc
LVMH
CHN
USA
DEU
Donald Trump
Elon Musk
Show more
08:41 13.12.2024
esoteric debt market surges as investors seek unique financial products
United States Dollar
Stellantis N.V.
McKinsey & Company Inc.
Domino's Pizza, Inc.
Walgreens Boots Alliance, Inc.
Barclays PLC
Rolls-Royce Holdings plc
Airbus SE
Blackstone Inc.
Thames Water plc
Barrick Gold Corp
LUX
GBR
USA
CHE
NLD
BEL
CHN
Tabby Kinder
Maria Heeter
Ivan Levingston
Arash Massoudi
Ortenca Aliaj
Eric Platt
Tiffany Wong
Antoine Gara
Kaye Wiggins
Robert Smith
Hui Ka Yan
James Fontanella-Khan
Edward Middleton
Javier Espinoza
George Hammond
Show more
06:00 11.12.2024
NatWest Set for Largest Annual Gain Since 1993 Amid Rising Interest Rates
British Pound Sterling
JPMorgan Chase & Co.
Rolls-Royce Holdings plc
NatWest Group plc
GBR
Show more
14:50 06.12.2024
virgin atlantic ceo criticizes uk budget as tax on aviation growth
British Pound Sterling
Boeing
Virgin Atlantic Airways Ltd.
Virgin Group Ltd.
Rolls-Royce Holdings plc
Delta Air Lines, Inc.
GBR
Shai Weiss
Rain Newton-Smith
Rachel Reeves
Richard Branson
Louise Haigh
Show more
15:17 25.11.2024
virgin atlantic reports strong demand for premium travel this winter
British Pound Sterling
The Boeing Company
Rolls-Royce Holdings plc
Virgin Atlantic Airways Ltd.
GBR
Shai Weiss
Show more
13:00 25.11.2024
rolls-royce aims to revive trent 1000 engine with key upgrades
08:00 25.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Domestic Politics
Banking Regulations
Global Financial Events
Retail and Consumer Goods
CEO Changes
Government Policies
Workplace Trends
Elections & Campaigns
Market Analysis and Predictions
Global Trade Developments
Central Bank Actions
Startups & Entrepreneurship
Government Economic Policies
Supply Chain Management
Hedge Funds & Private Equity
Countries:
Companies:
Tesla, Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Deutsche Bank Money Market PP
JPMorgan Chase & Co.
Barclays PLC
Apple Inc.
Credit Suisse Strategic Income I
CREDIT AGRICOLE
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
UBS Group AG
Credit Agricole
Banco Santander, S.A.
Reinsurance Group of America, Incorporated
Google Inc.
Amundi S.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Offshore Chinese Yuan
Hong Kong Dollar
Norwegian Krone
Filipino Peso
Canadian Dollar
Singapore Dollar
Australian Dollar
Danish Krone
Swedish Krona
Mexican Peso
New Taiwan Dollar
Vietnamese Đồng
People: