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Peel Hunt analysts said the final quarter had turned out to be worse than expected. They cut their annual pretax profit forecast by 2.3 million pounds to 6 million pounds. The sector has also been plagued by persistent low volatility in financial markets. The CBOE volatility index, seen as Wall Street’s fear gauge, has slipped from its December peak as investors stayed on the sidelines awaiting clarity around China-U.S. trade talks and the Brexit process. For a graphic on UK online trading platforms feel pinch from regulation, low volatility, see – tmsnrt.rs/2I9ITJQ father of the bride cufflinks of all the walks.
FRANKFURT (Reuters) – Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung reported on Wednesday. Daimler and BMW declined to comment father of the bride cufflinks of all the walks. Last month, news reports said that BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.85 billion). Both companies have acknowledged cooperation talks, which include sharing engineering costs for driverless cars, but BMW and Daimler have repeatedly declined to comment on whether their cooperation could include entire vehicle platforms..
According to Sueddeutsche Zeitung Daimler and BMW are now planning a joint electric car in the price range between 27,500 and 32,500 euros, a price segment that offers the opportunity to open up a mass market for electric cars. It is still unclear whether the project will actually be carried out and the two companies will launch a joint venture and share the capacity of a new plant in China, which could produce one million electric cars over a period of seven years, the paper said father of the bride cufflinks of all the walks. The plan has been met with criticism from some managers at BMW and Daimler, both of which also have cooperation plans with local Chinese partners, the paper said, adding that BMW is concerned that its brand could be diluted by a deal with Daimler..
ABU DHABI (Reuters) – The United Arab Emirates will make its own checks on any fixes for the Boeing 737 MAX before permitting the grounded jet to resume flying in its airspace, a senior aviation regulatory official said on Wednesday. The MAX has been grounded globally since last month following two fatal crashes in five months involving the same aircraft type, killing 346 people. Boeing has said a software update to prevent erroneous data from triggering an anti-stall system, which is under scrutiny after the deadly nose-down crashes, would be submitted in the coming weeks father of the bride cufflinks of all the walks.
OSLO (Reuters) – Norwegian Air, a major client of Boeing, has had positive meetings with the U.S. planemaker regarding the grounding of its MAX planes after an Ethiopian Airlines crash last month, the airline’s chief executive said on Wednesday. “We have had some good meetings with Boeing today discussing the grounding of the MAX and how we can maneuver (sic) through this difficult situation,” CEO Bjoern Kjos said in a tweet father of the bride cufflinks of all the walks. Norwegian, which has eighteen 737 MAX 8 planes in its fleet and is scheduled to take delivery of dozens more in the coming months and years, said last month it would seek compensation from Boeing over the grounding..