Opel has revealed the first photos of the dashing, all-new Crossland, ahead of its imminent arrival on Irish forecourts. Crisp and compact on the outside, spacious and versatile on the inside, the new Crossland adopts the Opel brands unmistakeable new Vizor front face signature, first revealed on the all-new Mokka.
A replacement to the popular predecessor Crossland X, which has won legions of fans Europe-wide, the new Opel Crossland dispenses with the X-appendix in its name, gains an improved chassis, extra comfort and technology features and a new sporty SRi Line trim. Prices, powertrains and equipment will be announced closer to its early-2021 arrival.
James Brooks, Managing Director at Leeson Motors, Irish Importer of Opel, said: The unveiling of the all-new Crossland heralds the start of a complete rejuvenation of the Opel model line-up.
We look forward to 2021 with confidence in anticipation of all new Crossland, the all-new Mokka, an electrified Zafira-e Life and our first all-electric light commercial vehicle, the new Vivaro-e, with many more new models to follow within 12 months.
The new Crossland features the all-new Opel Vizor front face, which extends in one single sweep across the front of the vehicle, integrating both the grille and headlights, punctuated proudly in the centre with the Opel brands legendary lightning-flash emblem.
A hallmark signature of all new Opel models to come, the front Vizor face is married to an equally strong rear visual identity featuring a new, high gloss black tailgate panel housing the Opel logo and book-ended with stylish rear lights.
New exterior style features, trim dependent, include front and rear skid plates, LED front fog lamps, chrome door mouldings, plus an all-new range of 16 and 17-inch light-alloy wheels.
A new SRi Line version will boast black 16-inch light-alloy wheels, a black roof and red signature daylight opening, whilst an SRi Line + adds black 17-inch light-alloy wheels, AGR-certified ergonomic seats for driver and front passenger, adaptive full LED headlamps and LED taillights and roof rails.
Journeys onboard the new Crossland will be even more relaxing and safer with the numerous ultra-modern technologies and assistance systems available.
Adaptive full-LED headlamps with cornering light, high beam assist and auto levelling ensure outstanding visibility in the dark. The Head Up display projects the most important data on speed, navigation and assistance systems into the drivers direct line of sight.
Features to further increase peace of mind include Forward collision alert with Automatic Emergency Braking and Pedestrian Detection, Driver Drowsiness Alert, Side Blind Spot Alert, Panoramic Rear View Camera and Automatic Park Assist.
New Crossland buyers can enjoy enhanced driving dynamics offered with the optional IntelliGrip. This adaptive traction control system enables optimum traction and stability on all kinds of surface, thanks to its five mode settings of Normal, Snow, Mud, Sand and ESP. The driver can choose between the settings to best suit road conditions.
Drivers and passengers are well connected and entertained thanks to the range of infotainment systems comprising Radio, Multimedia and the top-of-the-line Multimedia Navi Pro with 8.0-inch colour touch screen.
The Multimedia units are also compatible with Apple CarPlay and Android Auto. Compatible smartphones are chargeable while in use via wireless inductive charging.
The new Crossland SUV also convinces with a high level of flexibility, thanks to individually sliding and reclining rear seats. They come with a 60/40 split and slide by up to 150mm, increasing boot space from 410 to a class-leading 520 litres in seconds. Folding the rear seats completely increases the volume to a cavernous 1,255 litres.
Existing Crossland X drivers will appreciate the improvements Opel has made to the Crosslands chassis. The Opel engineers in Rsselsheim have developed new springs and dampers for the McPherson strut front suspension and the torsion-beam rear axle.
In combination with the new steering column intermediate shaft, which improves steering precision and centre-feel, the chassis of the new Crossland delivers an optimum balance of comfort and agility.
The new Crossland will arrive at dealerships in early 2021.
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All-new Opel Crossland is much more than just a pretty face - The Avondhu Press
The FTSE 100 ended the Thursday session down 28 points, 0.5%, at 6,049.9. The FTSE 250 closed 30 points lower, 0.2%, at 17,765.3.
The slip followed a unanimous decision from the to hold interest rates at 0.1%, a record low.
Among the laggards were bankers including plc (), which shed nearly 3% to100.05.
In the US, the major indicies erased someof their early losses but turned toward the red in midday trading.
The Dow Jones was down 132 points, 0.5%, at 27,889.6 after being down nearly 400 points at the open.
The S&P 500 fell 1%, 34 points, to 3,351.1 and the Nasdaq took a 1.7% hit, 186 points, to 10,863.8.
Tech stocks were again a source of market turmoil. Amazon.com Inc () lost nearly 3% to $2,990.05 and (NASDAQ:MFST) traded 1.8% lower at $201.28.
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FTSE 100 trimmed its losses in late afternoon, sliding 12 points to 6,065.
In the US, Moderna Inc () told Reuters it may soon submit its COVID-19 vaccine candidate for emergency authorisation for people at high-risk.
The biotech would put it forward if the formulation, now at the last stage of clinical trials, proves 70% effective.
To do so, 53 people of the 30,000 volunteers taking part would have to be infected with the virus so the data can be send to an independent safety board. This could happen around November or as soon as October.
The stock rose 1% to US$69.75 at US open.
US benchmarks started deep in the red on Thursday as traders mulled a set of weak economic reports and were uninspired by the much hyped Federal Reserve announcement on Wednesday.
The Dow Jones Industrial Average plunged 351 points, or 1,25% at 27,680. The S&P 500 dropped nearly 50 at 3,335.
The tech heavy Nasdaq exchange lost over 212 points, or 1.92%, at 10,839.
The US Central bank failed to "overdeliver" at their policy meeting, despite a significant commitment on interest rates, notes Craig Erlam, at Forex firm Oanda.
The Fed committed to keep interest rates low until 2023, or when rates have moderately been over 2% for some time.
"While vague, given the central banks inability to even hit 2% for a long time, we could feasibly be looking at low rates well beyond when they currently envisage. This is far more dovish than is being perceived," said Erlam.
The Footsie wallowed in the red ahead of US open while sterling was still burnt by the BoE announcement.
Londons index of big caps shed 28 points to 6,049 as the pound plunged 0.7% to US$1.2879.
While clearly negative for GBP, we continue to see the UK-EU trade negations as the chief driving factor of GBP in coming weeks, with the success or the failure to agree on a (reasonable) trade deal also determining the odds of BoE negative interest rates, said analysts at ING Economics.
This means that the potential GBP negative from the failed UK-EU trade negotiations would be further exaggerated by the BoE likely moving rates into negative.
US stock index futures extended their earlier falls, pointing to sharp opening losses Thursday on Wall Street after some Weak economic data amid the coronavirus (COVID-19) pandemic and uncertainty about the Feds new policy stance.
US weekly initial jobless claims rose by 860,000 in the week ended September 12, more than the estimated 850,000, with continuing claims at 12.63 million.
Separately, the Philadelphia Fed manufacturing index, fell to 15 in September from 17.2 in prior month, suggesting a slowing pace of the recovery from the COVID-19 pandemic in the area.
And another economic report showed US home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 million in August, representing a 5% decrease from the previous month but a 3% uptick from a year ago.
The disappointing data came a day US central bank chairman Jerome Powell unsettled the market by emphasizing the challenges that the US economy faces as it attempts to emerge from recession brought on by the pandemic.
The Fed said it expected interest rates would stay near zero until at least 2023 but signalled that the road ahead for the economy could be a long one.
The pound dropped after the left things as they are following its September monetary policy committee (MPC) meeting.
BoE policymakers voted unanimously to keep things as they are, as expected.
In its statement alongside the decision, the MPC noted that UK economic growth in July was around 18.5% above its trough in April but still around 11.5% below the fourth quarter of 2019, with employment falling by around 700,000 between February and August.
Furthermore, while recent payment data suggests consumption has continued to recover more strongly during the summer than the MPC expected, business investment intentions have remained very weak and uncertainty is elevated.
Furthermore, the committee noted that given the current risks, it is unclear how informative recent economic data can be about how the economy will perform further out.
The recent increases in Covid-19 cases in some parts of the world, including the UK, have the potential to weigh further on economic activity, albeit probably on a lesser scale than seen earlier in the year, the MPC said, adding that there remains a risk of a more persistent period of elevated unemployment than its central forecast.
Repeating that its stands ready to adjust interest rates, bond buying and other monetary policy if necessary, the policymakers also restated that they do not intend to tighten policy until there is clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2% inflation target sustainably.
UK consumer price inflation fell to a five-year low of 0.2% last month.
Following the BoE announcement, sterling dropped 0.5% to US$1.2905, releasing some pressure on the FTSE 100, which reduced its arrears to29 points on the day, or 0.5%, to6,049.31, with UK high street lenders remainingaround the day's lows.
Ahead of the Wall Street opening bell, traders are expecting US stocks to continue to retreat, as many did yesterday.
The Dow Jones, which was the only one of the main blue chip indices to remain in the green on Wednesday, is expected to join in with some blood-letting on Thursday.
Tech, which dominates the Nasdaq Composite and is about a quarter of the S&P 500,led the decline in the previous session, whilst energy rallied on oil prices strengthening.
Market analyst Chris Beauchamp at IG said: A lingering sense of disappointment hangs over global markets in the wake of the Fed meeting last night.
Investors had evidently hoped for something much more concrete than the relatively vague policy outlook provided by Powell and co, with equities struggling in early trading and the dollar finding some support.
From the accompanying press conference, it is clear that the Fed finds itself in a similar situation to the ECB; content to err on the side of caution for now with regard to doing any more, but painfully aware that fiscal stimulus needs to pick up the slack even as the chances of that stimulus seem to be receding.
With an election looming neither party in Congress wishes to give their opponents anything that could be transmuted into electoral advantage, and so the deadlock goes on. Improved GDP forecasts could help firm up the dollar, but will have equity traders worrying that a faster-than-expected rebound will prompt the Fed to ease off stimulus more rapidly than expected.
Back in Blighty, the Footsie has climbed away from its worst lows but is still well in the red ahead of the decision, down 43 points or 0.7% at 6,035.93.
With the(BoE), its more a matter of 'when',not 'whether'or 'what', said Marshall Gittler at BDSwiss, noting thatBoE governor Andrew Bailey said in a recent speech thatwe are not out of firepower by any means and with the market is pricing in a Bank Rate of -0.10% by next June, versus a target rate of +0.10% today.
Economists at investment bank ING said: Whileits unlikely the Bank will rock the boat too much this week, there are two interesting questions.Firstly, will policymakers acknowledgethat the downside risks to their August forecasts are growing? Certainly, some MPC members have been sounding more cautious in recent weeks.
Secondly, will the Bank offer any clues as to how it might increase the level of stimulus in November? Despite the recent hype surrounding negative rates, Governor Andrew Bailey has indicated that he believes quantitive easing (QE) is a more useful marginal policy tool, and this is likely to be at the centre of the stimulus package we expect in the autumn.
The pound is back to flat on the day ahead of the announcement, at US$1.2969.
UK banks were under pressure after the latest monetary policy statements from the US Federal Reserve and the Bank of Japan, as both authorities promise to anchor interest rates at record lows.
Analysts say the is unlikely to be any more aggressive, given the uncertain economic backdrop, record levels of global indebtedness and its desire to keep cheap credit flowing.
But central bank policies may be (unwittingly) doing more harm than good when it comes to the major lenders, noted Russ Mould, AJ Bell Investment Director.
Low base rates drag down the interest rates that banks can charge on loans and Quantitative Easing (QE) is designed to flatten out borrowing costs too, with the result that credit spreads (the premium in interest rate that a company has to pay relative to a Government) are also relatively low.
The net result is that the net interest margin on banks loan books is under fierce pressure, seriously undermining banks profitability and their ability to earn decent returns on equity Until Governments pull the trigger on more spending and higher deficits, banking stocks may continue to recoil from central bank policy statements which promise low-interest rates for longer or even the dreaded prospect of negative interest rates.
Holdings plc (), () and PLC () shed 2% to 309.4p, 373.6p and 100.9p respectively, while () dropped 3% to 100.32p.
The wider blue-chip index was down 56 points to 6,021.
FTSE 100 trimmed its losses in mid-morning, dropping 44 points to 6,034, while sterling dipped 0.1% to US$1.2952.
said it will not give a bonus to staff for the first time since 1953 after posting a 55mln loss for the six months to July 25.
Sales rose 1% but higher costs related to COVID-19 hit profits.
The early weeks of the second half have been encouraging in both of its brands, John Lewis and Waitrose, although it was announced yesterday the supermarket would close four more stores.
Meanwhile, fellow grocer Co-op reported an increase of 7% to 5.8bn in revenue for the half year to July 24, though costs related to the pandemic will come in at 97mln for the full year.
Profit before tax jumped 35% to 27mln while the supermarket chain also paid out 13mln in thank-you bonuses to staff.
The FTSE 100 index opened lower on Thursday as it looksincreasingly likely the UK is headed towards some sort of limited lockdown to ward off a coronavirus second wave.
London's blue-chip benchmark opened 55 points lower at 6,023.99.
The prospect of further national restrictions came amid howls of protest from all sectors at the apparent failure of wholesale testing and sparked worries over the economic impact of moves to flatten the infection curve.
After hours Wednesday, the US Federal Reserve received what the Financial Times called mixed reviews for its vow to keep monetary policy loose while attempting to spell out what loose meant in reality.
The move did reinforce the Feds dovishness, said the FT. But some economists and investors doubted whether the more specific guidance would be effective in achieving the central banks ambitious economic objectives, leaving it under pressure to deploy other more aggressive tools to help the recovery.
Meanwhile, governor Andrew Bailey and fellow members of the Monetary Policy Committee look set to stand pat on the UK base rate, which is sitting at a historic low of 0.1% following their latest meeting.
The powder is expected to remain dry on further stimulus efforts, which are expected to be deployed later this year when the Treasurys furlough scheme comes to an end.
Elsewhere, the partial climbdown from Boris Johnson on the controversial Internal Market Bill failed to calm nerves over Brexit.
On the Footsie, () led the losers, down 3% as it tracked Asian markets on which it is focused.
However, Next () led the blue-chip index with a 2.2% gain after the retailer proved resilient to the current carnage on the High Street.
The pace of change enforced by the lockdown towards online sales was one which Next was ready to embrace, said Richard Hunter, head of markets at Interactive Investor.
Its online presence had long been a cornerstone of its success, and where customers continued to shop inevitably on a lower scale the business was quickly ramped up to meet demand. In addition, with much of its store portfolio based out of town, the more recent tentative return to physical shopping has also played into Nexts hands.
The current market volatility appears to have been good news for the spread betting firm , which topped the FTSE 250 index with a 6.2% rise in the wake of first-quarter results.
() () has signed an agreement to use its potentially transformative approach to modulating the immune system in a human clinical study of patients with coronavirus (COVID-19). Work will get underway in Brazil starting next month, with the company's drug, Foralumab, administered by nasal spray either on its own or in combination with an orally-taken anti-inflammatory called dexamethasone. Tiziana has moved straight into human trials because it had already secured safety data for the nasal application for the drug from a phase I clinical assessment carried out a year ago.
() has announcedthat its commercial collaborator, has received authorisation for the sale of its Cedrozproductin France. The AIM-quoted company, which is focused on sustainable biopesticides and plastic-free formulation technology for use in the global crop protection, animal health and consumer products industries, said the French regulator has also approved Eden's biofungicide, Mevalone, for use in organic agriculture in France. Separately, the group added, it has been notified that Mevalonehas received authorisation for use on table and wine grapes in Serbia via regional distributor K&N Efthymiadis (KNE).
() said its subsidiary ProBiotix Health has signed an exclusive distribution agreement for Brazil with local group Ayalla Marketing. The UK companys new partner will distribute the cholesterol-reducing probiotic, LPLDL, both as an ingredient and as four finished products -CholBiome, CholBiomeX3, CholBiomeBP and CholBiome. OptiBiotix said the deal offeredan agreed and expected first order within 30 days from approval by the Brazilian authorities of its food technology.
FastForward Innovations Ltd, the AIM-quoted company focusedon making investments in fast-growing and industry-leading businesses, has noted that its investee company Juvenescence Limited has signed a partnership deal with .FastForward has around a 0.63% interest in the issued stock of Juvenescence. In a statement on Wednesday, Juvenescence- a life sciences company focused on modifying ageing and increasing human healthspan -said Evgenhas licensedits sulforaphane stabilization technology for use in several non-pharmaceutical applications led by its JuvLife division.
() has said it is to raise 150mln to take advantage of opportunities that have become available since the onset of coronavirus restrictions. The trust invests in sites occupied by the major supermarket chains such as Tesco, Sainsburys, Morrisons and Waitrose and has identified 400mln worth of omnichannel sites that meet its criteria of size and online fulfilment potential. Property funds having to meet redemptions are one source of sites, it said, and due diligence has already been carried out on three worth 135mln in total. The REIT also announced it was increasing its dividend target for 2021 to 5.86p after raising the dividend by 4% to 5.8p in the year to June just ended.
(), the ever acquisitive video games services firm, hasconfirmed a 13% increase in first-half revenue at 173.5mln, with organic revenues marking an 8% rise, as it also inked a new deal. The group's underlying earnings (adjusted EBITDA) jumped 19% to 30.8mln for the six months ended June 30, 2020, versus 25.8mln in the same period of 2019. Keywords highlighted strong demand for its services and a robust trading performance with its largest service line, game development, showing particularly strong growth. Keywords also announcedits latest bolt-on through the US$13.3mln acquisition of LA-based Heavy Iron Studios Inc, a technical specialist that mainly works on top-tier game titles most recently, for example, it has been contracted to Crystal Dynamics for its new Marvel Avengers title and has worked on Activisions Call of Duty franchise. A structured deal sees the company pay US$4mln of cash upfront, US$500,000 on the first anniversary of the deal, and up to US$8.8mln of contingent payments tied to performance targets across the first two years under the Keywords banner.
() told investors it has formally submitted a bid to the Nigerian Department of Petroleum Resources as part of the 2020 Marginal Field Bid Round. Nigerias licensing process has made up to 57 marginal field assets available for oil and gas companies to bid for. These span projects that are onshore, swamp and shallow offshore. ADM is participating in the process alongside partner OilBank International, with the partners previously pre-qualifying for the bid round.
[emailprotected] Capital PLC () has distanced itself completely from what it says was a fake article that appeared on Wednesday that claimed to contain bullish recommendations from several high profile fund managers. In a statement, the AIM-listed online inventory platform said: It is a totally erroneous article reviewing a series of fabricated SYME forecasts that was issued yesterday afternoon. This appeared on more than one 'fake news'website.SYME wishes to make clear that the article was both inaccurate and misleading and that it totally dissociates itself with the content."
Mosman Oil and Gas Limited () the oil exploration, development, and production company, said it has received notification to exercise warrants over a total of 62,500,000 new ordinary shares in the company at a price of 0.15p per share. The group said the funds from the warrants exercise of around A$165,000 will be added to its existing cash reserves.
PLC () announced that it has received notification from multiple warrant holders to exercise warrants over 42,500 shares in the company at an exercise price of 20p each. The consideration for the exercise of the warrant shares amounts, in aggregate, to a cash value of 8,500.
() confirmed that it has issued a total of 6,250,000 fully paid ordinary shares in the company at a price of 0.6p per share following the exercise of warrants under the terms of its placing agreement dated October 17, 2019.
The FTSE 100 is set to start on the back foot on Thursday ahead of the latest policy meeting, which comes after the US Federal Reserve issued its latest policy decision last night.
CFD and spreadbetting firm IG Markets sees the blue-chip benchmark falling by around 39 points, making the price 6,040 to 6,043 with just over an hour to go before the open.
There has been a lot of chatter in recent months about the likelihood of whether the would go down the negative rate route, to the extent that it has become rather tedious, and a little predictable, said Michael Hewson, analyst at CMC Markets.
While officials have been careful not to rule out the possibility of such a move the reality is that any such move would be extremely damaging to the UK financial sector which makes up such an important part of the UK economy.
Read more:
FTSE 100 trims losses; US stocks trend down, up and down again - Proactive Investors UK
IBM Australia and the College of Queensland (UQ) have launched the [emailprotected] Centre of Excellence with the goal of supporting researchers working throughout well being, manufacturing, and environmental sciences to deal with the challenges related to excessive knowledge progress, knowledge organisation, and knowledge storage.
Positioned at UQs Brisbane campus, the brand new centre brings to the college a number of the analysis and improvement (R&D) that Australia misses out on.
Talking with ZDNet, Professor David Abramson, director of the UQ Analysis Computing Centre (RCC), mentioned [emailprotected] was a chance for researchers to push the extremes of their work and the IBM package.
We predict we have a fairly wealthy sandpit to play in, he mentioned.
Our researchers are at all times attempting to do the following factor they are going to actually do something to get the sting on the following factor, so how do I ship that to them? The centre is a bit bit round that as a result of by working carefully with a vendor, we will get entry to stuff that is dropping off the manufacturing line and earlier than its accessible, and we are going to stress check it, and we are going to do actually nasty issues to it.
In Australia, there is a tyranny of distance, leaving researchers and companies removed from the event labs of the big tech firms.
Nobody has their R&D labs in Australia so we get nearer to that by the character [of these partnerships], Abramson mentioned. Introduced the dev lab to us in a manner we would not have in any other case been capable of in any other case do.
Large Blue has donated a variety of novel knowledge storage and pc hardware platforms for experimentation and analysis inside the RCC. Abramson clarified the brand new centre wasnt an R&D lab, nonetheless, because the researchers arent constructing something for IBM; fairly it is centred on experience and innovation.
Well strive issues, well do issues which can be a bit bit modern, or rather a lot modern, within the hope that it really works, and that offers [the researchers] the power to play with the merchandise in an area which is secure however stressing, utilizing merchandise in ways in which individuals did not beforehand take into account, he mentioned.
Well do issues financial institution will not do, for instance. For those who take a conservative firm shopping for IBM package, they will say, We wish this to work in the event you get this unsuitable, my enterprise is in hassle. In fact, that is true within the college system, too, however I am ready to take extra of a threat as a result of my researchers, they received to do one thing they could not have performed in any other case.
Taking extra of a threat, Abramson mentioned, can even enable IBM to profit from what the UQ researchers do with the package.
The professor described the RCCs function as sitting between superior infrastructure and analysis. He mentioned the infrastructure is usually fairly troublesome to make use of, and in the event youve received a PhD in biology, that does not essentially make you a computing particular person.
The centre has been in place for round 10 years and is touted by Abramson as being vendor impartial. Infrastructure has been equipped by HPE and IBM and compute is a mix of Dell, Nvidia, Hewlett-Packard, and a few IBM.
Researchers utilizing the centre convey a variety of initiatives with them, together with what Abramson known as a really giant biosciences element, which may be something from genomics via to medication and vaccines.
Researchers are additionally performing large-scale population-wide genome research, for instance, on genes that trigger Schizophrenia, and there are teams engaged on Alzheimers illness and varied different mind capabilities. Chemistry work on medication via batteries; the hypersonics group whore attempting to construct a scramjet; in addition to humanities, additionally use the infrastructure.
The large drivers are the sciences and one of many causes for thats nearly the entire sciences now are utilizing high-end devices to do their work, he mentioned.
This can be a nice alternative to make use of our experience in addition to our management in scale-out storage options to help organisations like UQ in tackling the challenges of utmost knowledge progress and knowledge perception, IBM director and common supervisor of techniques Jason Worth mentioned.
We search for alternatives to grow to be greater than only a provider, however a trusted advisor and accomplice in delivering outcomes.
Read the rest here:
University of Queensland partners with IBM to progress data research - Best gaming pro