On 06 March, after weeks of speculation, it was confirmed that General Motors of the USA (NYSE:GM) was selling its European operation – Opel – to France's Peugeot SA (EPA:UG) for €1.3 billion (plus another €900 million for the finance operation). What was behind the deal? And what does it mean for the UK car industry?
The car brand at stake in the UK is Vauxhall Motors which has its headquarters in Luton, Bedfordshire. (General Motors UK Limited owns the brand.) This is still an iconic brand in the UK – its griffin badge is instantly recognisable to British motor enthusiasts, even though only one of Vauxhall's car models is actually manufactured in the UK. That is the stalwart though uncharismatic Astra saloon which is made in Ellesmere Port, Cheshire.
Huddle Capital is a new business-to-business lending platform that aims to match small to medium-sized (SME) businesses that have excess cash reserves with other SMEs looking for financing.
by Evil Knievil| Evil Diaries| 1 mins. to read For reasons that are not disclosed Haddeo Partners' optional sale to Disruptive Capital of a 23% stake in Six Hundred Group (LON:SIXH) at an undisclosed price has lapsed.
by Zak Mir | Trading | 1 mins. to read "Swing back to profit" is a favourite phrase as far as many a stock market company is concerned, and was applicable to Hochschild Mining. (LON:HOC) earlier this month.
by Ruzbeh Bacha | Trading | 4 mins. to read Not too long ago we reviewed what the hit film The Big Short can teach us about value investing. The blog post prompted us to take a look at what other finance and investment themed movies are out there.
by Nick Sudbury | Funds | 6 mins. to read The sharp fall in the value of the pound since the EU referendum has provided a major boost to the performance of internationally diversified funds.
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