Author: Lucas

Beverly Hills-based private equity firm Platinum Equity announced an agreement to sell its Unical Aviation Inc., a global provider of aerospace aftermarket solutions, to Satair, an Airbus company. The sale includes Unical, a global aircraft parts and components supplier of used serviceable material and its subsidiary eCube Solutions, a global expert in aircraft storage, disassembly and transition services.Platinum Equity acquired Unical in 2021. Over the past four years, it has undergone a comprehensive transformation program designed to modernize operations, strengthen leadership and accelerate growth.“We are proud of everything we accomplished at Unical,” said Jacob Kotzubei, co-President of Platinum Equity, in…

Those outside of the manufacturing industry might be forgiven for thinking that the UK doesn’t “make stuff” anymore – but that couldn’t be further from the truth and there is a number of thriving manufacturers in the UK. Ask someone who isn’t in the know about what the UK makes and exports around the world, and you may hear a few exceptions: steel, cars, textiles. But we offer the world more than that, with many niche manufacturing businesses leading the way in innovation. Barry Leahey MBE, Export Leader of The Year’s work in international trade as President of Playdale Playgrounds,…

There are steps you should take throughout the year to keep on top of your financesThis article contains affiliate links, we will receive a commission on any sales we generate from it. Learn morePeople have been urged to check over their finances(Image: Getty)People have been urged to check over their finances with the Autumn Budget looming. Chancellor Rachel Reeves will present her latest raft of fiscal policies before the Commons next week, on Wednesday, November 26. As there could be major changes to tax and other policies, families may want to look over their finances ahead of any changes.Rajan Lakhani,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A seemingly contradictory move by the German central bank highlights a quandary that central bankers all across Europe are facing. The Bundesbank is a staunch supporter of the European Central Bank’s plans to launch a digital euro. At the same time, it has started a lobby campaign to promote the use of cash.In fact, both the push for cash and for the digital euro are — forgive the pun — two sides of the same coin. Central bankers all across the euro…

The stock of a leading blockchain lender is soaring after billionaire Stanley Druckenmiller invested millions into the firm’s stock. According to a recent 13F filing with the U.S. Securities and Exchange Commission (SEC) from Druckenmiller’s Duquesne Family Office LLC, the famed billionaire investor has poured $76,989,000 into Figure (FIGR), a leading blockchain based consumer lending platform. FIGR, currently trading for $42.40, is up more than 14% in the last five days. In the last five days, Figure has also shared its first earnings report as a public company. In an accompanying press release, Figure made $663 million off its September…

Rachel Reeves will unveil her budget on November 26 (Image: Getty) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more With the Autumn Budget just days away, households across the UK are bracing for possible tax rises. New survey figures suggest that only 3% of people think they will escape Budget tax hikes, while another 3% say they would be happy to pay more tax. That number falls to 2% among women and people aged 35 to 54, often referred to as the “squeezed middle”, according to Opinium polling of…

PLATINUM will be in balance in 2026 ending three consecutive years of supply deficit owing to higher recycling and as investment demand falls 52%, according to the World Platinum Investment Council (WPIC) on Wednesday. The decline in investment demand will be driven by an easing in US trade tensions, and profit-taking. Of a 437,000 ounce decline in absolute total platinum demand in 2026, some 385,000 oz would be from investors, the council said in a third quarter market report. While the security of critical mineral supply and increasing allocations to hard assets as interest rates declined “will persist well into…

Out with the old (tech), in with the new (healthcare). After several volatile weeks, it appears a full-fledged rotation has begun with investors fleeing previously high-flying tech winners in favor of underserved healthcare stocks.The rotation has technical and fundamental tailwinds too, as healthcare earnings have been strong and several stocks are breaking out into new uptrends.Today, we’ll look at six stocks in the healthcare sector that have been surging higher for a variety of reasons and score well on Benzinga’s Momentum rankings.Early Black Friday: Get Edge For 65% Off Benzinga Edge helps you stay ahead with real-time data, stock rankings,…

Which? research has revealed that Ocado delivers the freshest food and drink out of the UK’s six biggest online supermarkets.We used mystery shoppers to place online orders for 25 items each from Asda, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose, totalling more than 1,700 groceries, to test how fresh their perishable goods really are.Here, we explain our findings, including the supermarket that delivered sausages a stomach-churning 11 days past their use-by date.This newsletter delivers free money-related content, along with other information about Which? Group products and services. Unsubscribe whenever you want. Your data will be processed in accordance with our privacy…

Sonatrach signs $437M deal with Sinopec for Arzew refinery upgrade New unit to boost gasoline output from 550,000 to 1.2M tonnes yearly Project part of Sonatrach’s plan to expand refining and export capacity Algeria’s state energy firm Sonatrach on Monday, Nov. 17, signed a contract with Sinopec Guangzhou Engineering. The deal covers the construction of a heavy naphtha hydrotreating unit at Sonatrach’s Arzew refinery in northwestern Algeria. The turnkey engineering, procurement, construction and commissioning (EPCC) contract was signed in Algiers by Slimane Slimani, Sonatrach’s vice president for refining and petrochemicals, and Wang Xiaowei, a vice president of the Chinese company.…