By Reuters Staff
2 Min Read
FILE PHOTO: The logo of German chauffeur service Blacklane is pictured at the company s headquarters, as the spread of the coronavirus disease (COVID-19) continues, in Berlin, Germany, October 28, 2020. REUTERS/Fabrizio Bensch
(Reuters) - German chauffeur service Blacklane has acquired a majority stake in Jaguar Land Rover-backed Havn, a premium all-electric cab service in London, for an undisclosed sum to speed up the electrification of its private hire fleet.
The investment was completed in November and permits Blacklane to grow Havn’s service and offer more zero-emission rides in London, the companies said in a joint statement on Tuesday.
The property developer values its net cash at £346 million.
Bellway plc expects to sell 9,800 houses in total this year.
Bellway plc (LON: BWY) said on Tuesday that house-and-flat sales in the fiscal first half jumped to a record high but said that the same momentum is unlikely to sustain in H2.
Bellway shares were reported about 4% up in premarket trading on Tuesday but lost close to 1% on market open. The stock is now exchanging hands at a per-share price of £31.15 versus a low of £18.79 per share in March 2020 when the COVID-19 wreaked havoc on Britain’s housing market. The price action should come in handy if you are interested in investing in the stock market.