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Friday Round UpBack


BBC News  

EU referendum: 430,000 apply to register during extension deadline brexit image 4

More than 430,000 people applied to register to vote in the EU referendum during the extended deadline period.

The two-day extension was granted after the government website for registering voters failed just before Tuesday’s original deadline.

A prominent Leave campaigner has said he is considering launching a legal challenge to that decision.

Leave.EU founder Arron Banks said there were grounds for a judicial review of the “unconstitutional” move.


Oil sector job losses ‘to reach 120,000 by end of year’

The number of jobs lost as a result of the downturn in the UK oil and gas sector could top 120,000 by the end of this year, according to a report.

Oil & Gas UK estimated 84,000 jobs linked to the industry went in 2015, with 40,000 losses expected this year.

It said the offshore industry supported 453,000 jobs at its 2014 peak – either directly, in its supply chain or in trades such as hotels and taxis.

The new figures suggest 330,000 jobs would be supported by the end of 2016.

The analysis was carried out by marketing services company Experian.


Consumer New Car Finance Volume up 12% in April 

New figures released today by the Finance & Leasing Association (FLA) show that the point-of-sale (POS) consumer new car finance market grew 17% by value and 12% by volume in April, compared with the same month last year.

The percentage of private new car sales financed by FLA members through the POS reached 83.6% in the twelve months to April, up from 82.7% in the twelve months to March.

The POS consumer used car finance market also reported further new business growth in April of 9% by value and 8% by volume.

Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“Growth in new business volumes reported by the POS consumer car finance market was relatively steady in April and in line with the industry’s expectations of achieving solid single-digit growth in 2016 as a whole.”


Tesla introduces two cheaper versions of Model S

Tesla Motors on Thursday introduced two new lower priced versions of its Model S that could be on US roads by July. tesla s

The electric car company said it wanted to put its vehicles within reach of more people.

The Model S 60 will cost just $66,000 (£45,602) and the Model S 60 D will cost $71,000. Both will have slightly less range than the original Model S.

Tesla introduced the Model S in 2012. It costs $76,000, but most customers pay more for additional features.

In a statement Tesla stressed that, given owners of electric cars save on fuel costs, the effective price of ownership for the new Model S 60 was closer to $50,000.

Tesla said the cars will be available with the company’s standard lead time of around six weeks. Individuals who placed orders today could have cars as early as July.

The company said the new cars will have a range of 200 miles and a maximum speed of 130 miles an hour.


Jaguar Land Rover sales lift profit at Tata Motors

Strong sales of the luxury brand Jaguar Land Rover (JLR) have lifted profits at Tata Motors.

India’s biggest carmaker saw quarterly profit triple to 51.7bn rupees ($771m; £527m) from 17.17bn in the same quarter last year.

JLR sales rose 28% in the three months to March, with the biggest increase in sales in Europe.

Posted by Paul Carpenter on 10/06/2016