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...“To fix Boeing’s issues the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” Clark told the Financial Times on Tuesday....
...It took decades for the company to move away from its engineering roots and it may take years for it to find its way back again....
...“To fix Boeing’s issues, the company needs a strong engineering lead as its head coupled to a governance model which prioritises safety and quality,” said Clark on Tuesday....
...Garcia vowed a high-speed U-turn. His company would slash costs and its heady ambitions for growth would take a back seat to proving efficiency....
...The dirtier companies were going to underperform, while the cleaner ones would roar ahead....
...Jim PickardThere have been an awful lot of U-turns....
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...We have this optimism bias towards being able to deliver faster,” Ian Edwards, chief executive of the Canadian engineering company, told the Financial Times....
...Labour also intends to spend £8.3bn to set up GB Energy, a state-owned energy company that will work with private partners on energy projects....
...Australian mining billionaire Andrew Forrest has slammed Germany for its U-turn against EU legislation that would punish companies for environmental and human rights abuses in their supply chains....
...Dyson has named former Aston Martin and JLR director Hanno Kirner as its chief executive, as the engineering company increases its focus on battery technology and pushes into new industries....
...He said Labour was retaining the policy’s main elements: a state-owned £8.3bn energy company called GB Energy; a £7.3bn “national wealth fund” to decarbonise heavy industry; and a home insulation scheme....
...“We don’t want to overburden companies,” said Lukas Köhler, deputy head of the FDP group in the German parliament....
...A further £1.5bn over three years is still pledged for renewable energy companies hiring workers in Britain’s industrial heartlands....
...Chart du jour: Inside Mariupol Let the FT’s awesome Visual Investigations team take you inside Russia’s new Potemkin village, where locals live in perilous conditions while Russian companies profit from...
...But in November, the government said the ban only applied to state-owned manufacturers, not private companies....
...A state-owned energy company called GB Energy will cost a one-off £8.3bn and a £7.3bn “national wealth fund” will be set up to invest in the decarbonisation of heavy industry....
...Big share price moves in Europe today include French IT company Atos, UK grocery retail group Ocado and British engineering business Smiths Group: Atos: Shares in the heavily indebted French IT services...
...The company on Tuesday said it held 64 per cent of Cainiao and that it would buy shares from minority investors and employees who want to sell at a $10.3bn valuation....
...The company reported that it would improve adjusted earnings margins by 500 basis points, or 5 percentage points, in 2024 compared with the previous year....
...government has reversed its decision to raise the income and asset thresholds for promotions of potentially risky investments to high-net worth individuals after a backlash from investors and technology companies...
...The decision represents a sharp U-turn for Exxon, which as recently as its annual meeting in May urged shareholders to vote against a resolution calling for it to join the programme, arguing that doing so...
...Can financial engineering lead to a sturdier company? Holcim AG, the Switzerland-based building materials group, thinks so....
...Others may see them as financial engineering designed to cloak failing portfolio companies — simply, and perhaps dangerously, throwing good money after bad....
...Senior railway executives privately expressed frustration at the U-turn....
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