By Tim Hepher PARIS (Reuters) -Airbus has launched a performance improvement plan including cost cuts and a freeze on overall headcount in its planemaking business, after recent cuts in targets for aircraft production, industry sources said, citing a memo to staff. Code-named “LEAD!”, the new initiative will urgently tackle an increase in unit costs, which…
(Reuters) – Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website. The new Model 3 long-range variant is priced at $42,490. There were no changes to the prices of the base Model…
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a 60% jump in investment banking revenue and gains in its services division, sending the company’s shares up 3% before the bell. The third largest U.S. lender reported a profit of $1.52 per share in the…
By Iain Withers and Aby Jose Koilparambil LONDON (Reuters) – Aviva, Legal & General and M&G are ramping up investments in rental homes in Britain, betting on long-term returns in a market where housing demand far outstrips supply, even though the country’s new Labour government could impose tougher regulations. Institutional investment in Britain’s rented housing…
