News Round-Up

Jan 19: Thousands of steel jobs at risk; Bentley sales fall by 11%; Updated Hyundai Bayon

  • Here are the headlines for Friday, January 19

Time 6:33 am, January 19, 2024

Thousands of jobs at risk as Tata ‘presses ahead with plan to close furnaces’

Steel giant Tata is to press ahead with plans to close blast furnaces at its biggest plant, threatening more than 3,000 jobs, according to sources.

Unions met the company yesterday after presenting alternative proposals aimed at saving jobs in Port Talbot.

But sources said Tata rejected the plan and was pressing ahead with proposals for a greener form of steelmaking to cut emissions and stem financial losses.

Luxury car maker Bentley suffers 11% fall in annual sales

Bentley’s global sales fell by 11% last year because of ‘challenging market conditions’, the luxury car maker said today.

The Crewe-based company, which is owned by the Volkswagen Group, said it delivered 13,560 cars in 2023, versus 15,174 during the previous 12 months.

The decline was driven by 18% decreases in sales to both the UK and China. Read more here

Sadiq Khan freezes Transport for London fares for a year

Transport for London fares will be frozen until March next year, Sadiq Khan has announced.

The Labour mayor of London, who chairs TfL, said he ‘wasn’t prepared to stand by’ while passengers pay more for public transport.

The freeze will apply to pay-as-you-go fares for bus, Tube, DLR and tram journeys, and most fares for London Overground and Elizabeth line trips, paid for by allocating £123m of Greater London Authority funding.

Google invests £790m in first UK data centre

Google has unveiled a $1bn (£790m) investment in its first UK data centre.

The tech giant – which will be presenting exclusive research at Car Dealer Live in March – said it had started building the facility on a 33-acre site in Waltham Cross, Hertfordshire, with aims for construction to be completed by 2025.

It marks the latest investment by a major US tech firm in Britain, coming less than two months after Microsoft announced it would spend £2.5bn on expanding data centres for artificial intelligence (AI) across the UK.

Fujitsu vows to compensate victims of Post Office Horizon IT scandal

Fujitsu has confirmed it will contribute to compensation payments to Post Office subpostmasters wrongfully convicted in the Horizon IT scandal.

It had earlier emerged that the company won’t bid for government contracts while an inquiry into the scandal is ongoing.

The Japanese technology firm offered its ‘deepest apologies’ to wronged subpostmasters and their families in a fresh statement yesterday.

Win two tickets to Car Dealer Live

Car Dealer is conducting a short five-question survey on your thoughts on finance provider Black Horse.

To win two tickets to next week’s Car Dealer Live event simply answer the questions and provide your name and email address. The draw will take place on March 5.

Fill in the survey here.

Astronauts head to space station on chartered flight

Turkey’s first astronaut, a Swede and an Italian have set off for the International Space Station on a chartered SpaceX flight.

The Falcon rocket blasted off from Nasa’s Kennedy Space Centre yesterday afternoon, carrying the three men, all with military pilot experience, and their escort – a retired Nasa astronaut who now works for Axiom Space, the company that arranged the private flight.

Their capsule should reach the space station tomorrow, where they will spend two weeks performing experiments, chatting to schoolchildren and soaking in the views of Earth, before returning home.

Inside Hyundai's updated Bayon, via PA

Updated Hyundai Bayon crossover brings redesign and extra tech

Hyundai has revealed an updated version of its Bayon – a compact crossover to rival the Nissan Juke.

Among the tweaks, it gets a new front light bar stretching out across the bottom of the bonnet, while the front grille gets a new pattern as part of the revised front bumper.

Inside, it now comes with a large 10.25-inch touchscreen as standard plus over-the-air updates. Expect prices to start from around £22,000 when orders open later in the year.

Yesterday’s headlines on Car Dealer you might have missed

Market movements

The FTSE 100 closed 12.80 points up yesterday to end the day on 7,459.09. The Cac 40 was up 82.66 points at 7,401.35, the Dax was up 135.66 points at 16,567.35, and the Dow Jones was up 201.94 points at 37,468.61.

Weather outlook

Today, the south will be mainly dry and sunny, according to BBC Weather. The north will turn cloudy, while western Scotland will have heavy rain and snow, with rain gradually gaining hold as the day progresses, and it’ll be breezy.

On Saturday, western parts of the UK will be windy with spells of heavy rain moving in from the west. It’ll stay drier to the east with some brighter spells in the south-east at first, while generally it’ll be milder.

John Bowman's avatar

John has been with Car Dealer since 2013 after spending 25 years in the newspaper industry as a reporter then a sub-editor/assistant chief sub-editor on regional and national titles. John is chief sub-editor in the editorial department, working on Car Dealer, as well as handling social media.

More stories...

Server 108