November 13, 20240 Comments

Strong revenue growth, first Neutron deal

A view of Rocket Lab’s HASTE suborbital launch vehicle. Rocket Lab Rocket Lab shares jumped in post-market trading after the company reported third-quarter results and announced its first customer for its coming Neutron vehicle. The space infrastructure company reported third-quarter revenue increased to $104.8 million, up 55% from $67.6 million for the same period a year ago, and above Wall Street’s expectation of $102 million, according to analysts surveyed by

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November 13, 20240 Comments

‘Adults buying kids toys to escape global turmoil’, sales data suggests

BBC A Stitch puppet (left) with Richard North from Wow Stuff at the DreamToys event Toy sales have fallen for a third year in a row as family budgets are squeezed – but adults are buying childhood favourites to escape their troubles, research suggests. A falling birth rate, the cost of living and fewer big hit film franchises have combined to push the value of sales down 3% on the

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November 12, 20240 Comments

Questions about AIMCo’s future? Join our Q&A

Article content The Alberta government surprised everyone by firing the chief executive and entire board of directors at Alberta Investment Management Co. (AIMCo) last week, declaring the need for a “reset” at the $160-billion asset manager. What does this mean for the future of AIMCo, Alberta Premier Danielle Smith‘s Alberta Pension Plan gambit and the province’s Heritage Fund? We want to answer your questions. Please join the Calgary Herald’s Chris

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November 12, 20240 Comments

Rivian-Volkswagen joint venture deal up to $5.8 billion

A provided image of Oliver Blume, CEO of Volkswagen Group and RJ Scaringe, founder and CEO of Rivian, as the companies announce joint venture plans on June 25, 2024. Courtesy: Business Wire Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The companies in a joint press release Tuesday said the size of the deal is now up to

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November 12, 20240 Comments

Post Office jobs and branches at risk in shake-up

More than 100 Post Office branches and hundreds of head office jobs are at risk as part of a radical shake-up of the business, the BBC understands. Under the plan, 115 loss-making branches wholly owned by the Post Office could be closed. The Post Office is looking at options including alternative franchise arrangements where another operator or third party could take on the branches instead. These sites employ around 1,000

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November 12, 20240 Comments

Labour Minister ends port lockouts through binding arbitration

Article content Labour Minister Steven Mackinnon has put an end to the work stoppages at Quebec and British Columbia ports by ordering binding and final arbitration. Mackinnon said on Tuesday the negotiations had hit an impasse and the economic and reputational damage to Canada as a reliable trade partner was in jeopardy. “If these work stoppages go on, the impacts will only worsen, and our well-earned reputation for reliability will

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November 12, 20240 Comments

Boeing factory production will take weeks to ramp up after strike

An employee works in the cockpit of a Boeing P-8 Poseidon maritime patrol aircraft on the production line at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters Boeing‘s more than 32,000 machinists who were on strike are required to return to their factories no later than Tuesday, but getting factories humming again will take weeks, the manufacturer said. Boeing machinists approved a new contract last

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November 12, 20240 Comments

Hull’s Siemens Gamesa to make turbine blades as part of £1bn deal

A Hull factory will supply wind turbine blades for Scottish Power in a contract worth more than £1bn. Siemens Gamesa will manufacture the blades for 64 turbines, which will be installed at the East Anglia TWO windfarm off the Suffolk coast. Darren Davidson, UK head of Siemens Energy and Siemens Gamesa, said the deal would allow the firm to plan for the long term in Hull and was a “real

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November 12, 20240 Comments

Family offices increasingly investing in private company deals

Closeup of late 40s handsome executive man driving in the back seat of a luxury limousine and using a smart phone.  Gilaxia | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are increasingly bypassing private equity funds and buying stakes

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November 12, 20240 Comments

Legal challenge to Rosebank oil and Jackdaw gas fields begins

BBC Campaigners gathered outside the Court of Session ahead of the hearing A legal challenge over the decision to give consent to the UK’s largest untapped oil field is taking place in Edinburgh. A judicial review brought jointly by the environment groups Greenpeace and Uplift is being heard at the Court of Session. The campaigners want to stop the development of Rosebank oil field, which is off Shetland, and the

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