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Shares in Tesla have risen after the electric car maker reported its fifth consecutive quarterly profit. Earlier this month, the electric carmaker said it produced a record 145,036 vehicles in the third quarter and delivered 139,300 vehicles. The company’s stock has been one of the market’s best performers this year, up nearly 400% year-to-date. Tesla […]

For casual observers, it must seem strange that the DAX 30, Germany’s leading stock index, is down by only 5% since the beginning of the year while the FTSE-100, its UK equivalent, is off by a thumping 23%. Both, after all, are indices dominated by big multinational companies exposed not to their local economies but […]

The investors who bought shirt-maker TM Lewin in a controversial deal earlier this year are in talks to acquire Jaeger, the fashion label owned by the ailing businessman Philip Day. Sky News has learnt that Torque Brands, a vehicle headed by the former Simba mattress chief James Cox, is one of a small number of […]

Manchester United has revealed the extent of coronavirus disruption on its finances, reporting an annual loss and doubling of its debt pile. The Premier League club said its net loss came in at £23.2m in the year to 30 June compared to profits of almost £19m in the same period last year. Disruption to last […]

Remember the coronavirus budget?  It was only on 11 March, but it belongs to a different universe, socially and fiscally. Chancellor Rishi Sunak announced £30bn of measures to tackle the virus and, when he was done, colleagues packed thigh-to-thigh on the green benches leaned in to clap him on the shoulder in congratulation. The virus […]

Sky, the owner of Sky News, has announced plans to open its first retail stores in a boost for the beleaguered high street. The company said it was to start off in Liverpool next week and slowly expand the operation in the coming years “across the UK”. It was unable to put a figure on […]