August 20: Resumption of tech tycoons; insolvent CTD Tiles;  Hybrid lambo presented

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The search for British tech tycoon Mike Lynch and his daughter will resume after a luxury yacht capsized in a tornado off the coast of Sicily.

Lynch and his daughter Hannah are among six tourists who went missing after the Bayesian yacht was hit by intense storms off the coast of Palermo early yesterday. A body has been discovered, possibly that of the ship’s cook.

Lynch founded software giant Autonomy in 1996 and won an OBE for Enterprise Services in 2006. In June, he was acquitted of a major fraud similar to an $11 billion sale to the U. S. company Hewlett Packard.

Tile supplier CTD Tiles reached a bailout deal with Topps Tiles after falling into administration, but closed 56 outlets and eliminated 268 jobs.

The company, which operated 86 outlets across the UK and employed 425 people, went bankrupt after being hit by a crisis in the home improvement sector.

Trustees at Interpath Advisory said rival Topps had reached an agreement to buy CTD’s brands, intellectual properties, shares, 30 retail outlets and the operation of CTD’s distribution sites in Leeds and Kings Norton for around £9 million. It is understood that 92 employees will be transferred to Topps Blue Jays.

The new Lamborghini Temeraire “will set a new benchmark in the segment”, one of its bosses.

Marketing and sales director Federico Foschini told news outlet PA that the Italian company’s new hybrid supercar, which has just been unveiled at Monterey and is expected to cost more than 300,000 euros (around £255,900), is “something that in fact, we redefined the segment. ”

At its center is a twin-turbo V8 coupled to three electric motors, which generates 907 hp and 730 Nm of torque, allowing a 0-100 km/h time of just 2. 5 seconds and a top speed of more than 210 km/h. h.

The cooperative is leading an initiative to invest in more than six hundred learning practices in the early childhood sector.

The retail giant, along with other members of the Royal Foundation’s Early Childhood Working Group, are employers in the public, private, voluntary and network sectors.

The aim is to help provide what is needed to fund the creation of 3,000 nurseries across England.

Sir Keir Starmer said his hopes of making Britain an “energy superpower” would come with a key role for Wales, ahead of a wind farm with the new prime minister.

The First Minister and Eluned Morgan will travel to a location in west Wales today as part of their first official meeting together.

The two men, who spoke yesterday in Cardiff, are expected to work hard to create a state-owned electricity company.

Severely Damaged Fire Ron Skinner Auto Showroom

Used car racer Junaid Ahmed Majeed will have to pay more than £3,000 to promote a Toyota Aygo that was unsafe and had hidden structural defects. Majeed, of Heckmondwike, and his company, Dealonwheelz, of Leeds, admitted several offences to the Magistrates’ Court in York, adding deceptive clients.

The final months of 2024 will see EV prices squeeze due to oversupply, while the availability of petrol vehicles will decline as brands struggle to meet ZEV targets. This dynamic may lead to significant market disruption, with potential oversupply issues persisting through 2025.

Duncan McPhee, former chief operating officer of Lookers, will join Hendy Group in October to serve in the same role. McPhee, who left Lookers after 16 years, will oversee day-to-day operations as Hendy Group prepares for long-term growth.

Cox Automotive has advanced its used car market forecast to 2024, forecasting 7,434,709 transactions for the year, an increase of 1. 2% from the previous forecast. The total is 2. 7% higher than in 2023 and above the long-term average.

Sponsored: GardX Group acquired B2See Video Solution and renamed it XccelerAite. This strategic move complements GardX’s global reach, providing AI-powered video responses for automotive shops and OEMs. Chief Executive Officer Billy Coutin believes the acquisition will contribute to long-term growth.

London’s main inventory index peaked this month yesterday, recovering from a drop in Friday’s trading session.

The FTSE hundred closed up 45. 53 issues to end the day at 8,356. 94.

At the same time, the Cac closed with gains of 52. 31 issues to 7,502. 01, the Dax rose 99. 29 issues to 18,421. 69 and the Dow Jones rose 236. 77 issues to Array 896. 53.

Most of the United Kingdom will see sunny periods and scattered clouds today, but also some rain, common and heavy highs in the north, with the threat of thunder, according to BBC Weather. The weather will be windy and windy in the northwest.

On Wednesday, clouds and rain will spread eastwards into Northern Ireland, Scotland and then parts of northern England. Elsewhere, the weather will be largely dry and the sun will give way to more and more clouds.

John has been with Car Dealer since 2013 after spending 25 years at the newspaper as a journalist and then deputy editor/deputy editor of regional and national titles. John is the Deputy Editor in the Editorial Department, works at Car Dealer and manages social media.

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