Recent Posts

Interserve confirms talks with lenders on deleveraging plan

Bloomberg Interserve Plc, which builds and maintains structures for the British government, is in discussions with its bankers about ways to cut its debt after revenue declined in the UK construction unit. It is working on a deleveraging plan that aims to cut its net debt to about 1.5 times earnings before interest, taxes, depreciation and amortisation, the company said. ...

Read More »

Fiat to build Jeep at idled Detroit facility

Bloomberg Fiat Chrysler Automobiles NV is planning to build a new Jeep at an idled engine plant in Detroit, beefing up capacity to build higher-margin vehicles and meet surging US demand for sport utility vehicles (SUV). The factory will assemble a new three-row version of the Grand Cherokee SUV, according to a person familiar with the matter, who asked not ...

Read More »

UK economy loses steam over Brexit woes

Bloomberg The UK economy lost momentum in the three months through October, a further sign of the toll being taken by Brexit uncertainty. Growth slowed to 0.4 percent from 0.6 percent in the third quarter, the Office for National Statistics said on Monday. In October alone, growth was just 0.1 percent, with the economy being spared a third month of ...

Read More »
Send this to a friend