SATS is currently forming a bollinger squeeze and trading between a range of 2.55 to 2.65. There is no bearish or bullish signals seen yet. Using imagination, it is also forming a sausage dog chart pattern, never before seen…
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BBC News – Business- Premier Foods boss survives investor revoltMore than 40% of shareholders vote against Gavin Darby's re-election after a big investor urged him to quit.
- Rail ombudsman created to handle rising tide of complaintsWith complaints running at 540,000 a year, the ombudsman is expected to be busy.
- Teaching the elite to fly helicoptersState of the art airborne classrooms to help test pilots perfect their helicopter flying skills.
- Gaucho restaurant group collapses with 1,500 jobs at riskThousands of jobs are at risk as the Gaucho and Cau restaurant chains prepare to go into administration.
- Farnborough Airshow: Airlander to offer 'luxury expeditions'The world's longest aircraft will be used to take passengers on three-day expeditions.
- Google hit with €4.3bn Android fine from EUThe European Commission has claimed Android unfairly cemented Google's dominance of search.
- Scunthorpe-based British Steel announce £50m mill investmentThe firm called the upgrade the "biggest single investment in its manufacturing operations for a decade".
- Summer clothing sales hold back inflationThe CPI measure of inflation remained at 2.4% in June, raising uncertainty over an August rate rise.
- Elon Musk apologises to Thai cave diver for Twitter attackThe tech entrepreneur lashed out at a British cave diver in Thailand for mocking his mini-sub.
- Prices of flats stay unchanged for a year, says ONSOverall houses prices rose by 3% in the year to May, according to the Office for National Statistics
- Premier Foods boss survives investor revolt
- Reuters: Business News
- Novartis joins Pfizer in halting U.S. drug price hikesNovartis expects to hit the top of its 2018 sales guidance after a strong second quarter, the CEO said, despite joining Pfizer in freezing its U.S. drug prices for the rest of the year following pressure from President Donald Trump.
- EU to fine Google record 4.3 billion euros over Android: sourceThe European Commission will fine Google a record 4.3 billion euros ($5 billion) on Wednesday over its Android mobile operating system, a source close to the matter told Reuters.
- Dollar's advance puts squeeze on gold, Brexit and BoE blues sink sterlingThe world's major stock markets were mostly firmer on Wednesday as a bullish outlook from the head of the U.S. central bank buoyed the dollar, lifted bond yields and sent safe-haven gold to a one-year trough.
- Keep ThyssenKrupp whole, German minister urgesGerman Labor Minister Hubertus Heil said he was increasingly concerned about the situation at submarines-to-elevators conglomerate ThyssenKrupp after it lost its top officials under pressure from shareholders to restructure.
- Toshiba may face renewed shareholder accounting claims: U.S. appeals courtA U.S. appeals court gave investors in Toshiba Corp's U.S.-listed securities another chance to show they suffered losses because the Japanese industrial conglomerate misled them about its internal controls before a 2015 accounting scandal.
- EasyJet has flexibility to convert more of A320 order to larger A321neo: CEOEasyJet has the flexibility to convert more of an order for Airbus A320 planes into larger A321neos, the chief executive of the British low-cost airline said on Wednesday.
- China says U.S.-led trade war has become biggest 'confidence killer' for world economyThe U.S.-driven trade war has become the biggest "confidence killer" for the global economy, China's foreign ministry warned on Wednesday, saying the whole world would fight back if the United States continued to be "wilful".
- Airbus says Pratt & Whitney catching up on engine delaysEuropean planemaker Airbus said on Wednesday that supplier Pratt & Whitney was catching up on engine delays and there would be an improvement especially in the second half of the year.
- Texas Instruments CEO resigns on code of conduct violationTexas Instruments Inc said on Tuesday that Brian Crutcher had resigned as the company's chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker's code on personal behavior.
- EU's Vestager to brief Google CEO ahead of record Android fine: sourceEU antitrust chief Margrethe Vestager will brief Google CEO Sundar Pichai by telephone later on Tuesday on her ruling on the company's Android mobile operating system, a person familiar with the matter said.
- Novartis joins Pfizer in halting U.S. drug price hikes