-
Standard Chartered arranged $390m financing for nine United Airlines aircraft. The transaction covers Airbus A321neo and Boeing 737 MAX 8 deliveries as the carrier continues investing in newer narrowbody capacity and fleet efficiency.
-
Seeing Machines reached positive second-half cash flow as volumes surged. Automotive royalty revenue rose 135%, with safety regulation accelerating deployment of its AI-powered driver and occupant monitoring systems.
-
Spirax raised first-half profit while keeping its full-year guidance unchanged. Revenue increased 5%, with semiconductor and biopharmaceutical demand supporting growth across the engineering group’s specialist thermal and fluid-technology businesses.
-
JCB has set a hydrogen land-speed record using production engines. Hydromax averaged 406.320mph at Bonneville with technology derived from engines now being deployed through the manufacturer’s £100m hydrogen programme.
-
AI confusion is pushing businesses towards costly technology investment mistakes. Bobby Brown, founder and CEO of Nucleo, argues that understanding the difference between artificial intelligence and intelligent automation is essential to choosing technology that solves the right business problem.
-
West Midlands leaders launched £10m to revive regional high streets. The programme will target empty shops, public spaces, events, markets, and business activity across several town and city centres.
-
Cordel’s takeover by Vossloh has cleared its final court hurdle. The acquisition is expected to become effective on 13 August, with Cordel’s AIM listing scheduled for cancellation the following morning.
-
IHG increased first-half profit despite Middle East travel disruption pressures. RevPAR growth slowed during the second quarter, but stronger demand elsewhere and record hotel-development activity supported the group’s full-year expectations.
-
Ministers are giving councils stronger powers over struggling high streets. Vape shops and adult gaming centres will face planning controls, while local authorities will receive greater scope to reject betting premises and close rogue businesses.
-
IWG expanded its global workspace network while maintaining annual guidance. System-wide revenue reached a record $2.4bn as the group continued shifting expansion towards capital-light managed and franchised locations.
