|Bid||11.71 x 1000|
|Ask||11.87 x 4000|
|Day's Range||11.69 - 11.89|
|52 Week Range||7.38 - 17.14|
|Beta (5Y Monthly)||1.54|
|PE Ratio (TTM)||6.05|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 13, 2016|
|1y Target Est||13.50|
Jaguar Land Rover will reduce or stop production on certain days at two of its British factories over the next few weeks as Britain's biggest carmaker pursues cost-cutting measures in response to falling demand. JLR posted a 2.3% drop in retail sales in the three months to the end of December and has targeted billions of pounds worth of savings to tackle falling diesel demand in Europe and a tough sales environment in China. The firm will halt production on selected days over a four-week period from late February at its Castle Bromwich factory in central England and stop production on some half or full days at its nearby Solihull facility until the end of March.
* MAS says policy stance unchanged, but signals room for easing * Thai c.bank decision due later in the day * Philippine Jan inflation rises, but rate cut still likely * Indonesia Q4 GDP growth rate slower-than-expected By Shruti Sonal Feb 5 (Reuters) - Philippine stocks rose on Wednesday, boosted by expectations of an interest rate cut despite a surprise jump in January inflation, while Singapore shares gained after its central bank said it had room to ease policy if required. The Philippine index gained more than 1.3%, with index heavyweights San Miguel Corp and GT Capital Holdings Inc jumping about 5% and 3%, respectively. Data showed January inflation was at its highest in eight months, but the outcome was still within the Philippine central bank's comfort range and supported views that it will likely cut rates at its meeting on Thursday.
Skoda is hoping government moves to drag regulations for cars sold in India up to developed market standards will help turn around its fortunes in a market where it has stalled. The Volkswagen-owned Czech carmaker has been tasked with helping its German parent achieve a 2025 target of a 5% market share in India, which is dominated by home-grown automakers including Maruti Suzuki, Tata Motors and Mahindra & Mahindra.
The following are the top stories on the business pages of British newspapers. - In a speech on Monday British PM Boris Johnson will say that he is ready to accept the "off-the-shelf" model first proposed by the Europen Union's Chief negotiator, Michel Barnier. - The British government's plans to introduce a cap on Huawei will cost BT about 500 million pounds($657.20 million) over the next five years, the telecoms group has revealed.
The coronavirus outbreak in China could hit profits at luxury car brands Jaguar and Land Rover, parent Tata Motors said on Thursday, the latest company to warn of an impact from the epidemic that has killed 170 people and forced businesses to suspend operations. It could hamper JLR production in China as the epidemic has raised concerns that thousands of Chinese factory workers on extended Lunar New Year holidays may struggle to get back to work next week due to extensive travel restrictions. The Indian carmaker said the outbreak could impact its profit margin forecast of around 3% for the JLR unit in fiscal 2020 at a time when it was making progress on a turnaround plan to improve sales in China.
The boss of Jaguar Land Rover (JLR) will step down from his role at the end of his contract term in September as Britain's biggest carmaker shows signs of improvement after a torrid 2019 of job cuts, deep losses and falling sales. Ralf Speth has led the company since 2010 during which it has pursued a major global expansion with new factories in China, Brazil and Slovakia putting it on course to make 1 million cars per year. JLR posted a 6% decline in 2019 sales but it has bounced back in China in recent months and overall company sales rose by 1.3% in December.
British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector. Production fell by an annual 14.2% to 1.3 million cars in 2019, the third consecutive fall, also hit by some automakers closing factories for additional days in case of Brexit-related disruption, according to the Society of Motor Manufacturers and Traders (SMMT). "It is essential we re-establish our global competitiveness and that starts with an ambitious free trade agreement with Europe," said SMMT Chief Executive Mike Hawes.
Indian stock indexes closed higher on Wednesday following a sharp selloff this week, as investors snapped up beaten down metals stocks and took heart from strong corporate earnings reports. The Nifty ended 0.61% higher at 12,129.50, while the Sensex closed up 0.57% at 41,198.66. The Nifty had fallen some 1.8% over the past two sessions as investors fretted about the economic impact from a virus outbreak in China.
India's Tata Group is making its biggest push yet toward clean vehicles with plans to make electric cars and batteries, set up charging stations and build a battery recycling plant, senior executives said on Tuesday. To try to curb pollution and reduce its fuel import bill, India is pushing automakers to produce electric vehicles, but has faced resistance from some that say the charging infrastructure needs to be set up first and battery costs are too high to allow the manufacture of affordable EVs. Tata Motors , Tata Chemicals , Tata Power and Tata Croma, a chain of stores selling consumer electronics, are pooling resources and expertise to build an electric vehicle ecosystem, the executives told reporters in Mumbai.
Britain is the United States' closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain's exit from the European Union. U.S. Treasury Secretary Steven Mnuchin said on Saturday in London that he was optimistic that a bilateral deal with Britain could be reached as soon as this year. Javid has insisted that Britain will proceed with a unilateral digital services tax, despite a U.S. threat to levy retaliatory tariffs on British-made autos.
Years into a bond market bull-run, investors are banking on a brighter future for funds that buy the debt of financially troubled European companies whose bonds are offering meatier returns because they are more risky. With European economic growth expected to be subdued in 2020, and default rates tipped to rise, investors expect an increase in the number of companies that will struggle to service their debt. Private equity groups and asset managers are creating so-called special situation funds to identify suitable targets for these high-risk - and potentially high-reward - bets.
British carmaker Jaguar Land Rover (JLR) said on Wednesday it will cut around 10% of the workforce at its northern English Halewood factory as it changes shift patterns to boost efficiency at the site. The plant produces the Range Rover Evoque and Land Rover Discovery Sport vehicles but the Unite Union warned that the challenges facing the company are also being experienced at other British car factories. JLR posted a 6% decline in 2019 sales, hit by the weakening Chinese auto market and falling demand for diesel vehicles in Europe.