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UK opens door for self-driving vehicles as early as this year Companies Follow Philip on: Tesla already uses something similar to ALKS known as Autopilot Britain is set to allow self-driving vehicles with a possibility the first driver-assist models might be on roads by the end of the year, the government said today. Alongside a call for evidence about self-driving systems, the Department of Transport said it was working on changes to the Highway Code to enable the use of vehicles equipped with Automated Lane Keeping Systems (ALKS) – a system of sensors and software that keep a vehicle with...

DS Smith still sitting in the box-seat as online shopping booms Corrugated box volumes have grown progressively throughout the financial year with the second half expected to achieve a volume increase in excess of 7% over the comparative period last year. It may be helping Amazon take over the world but at least it pays its taxes, eh? DS Smith PLC (LON:SMDS), the packaging giant, continues to benefit from the trend towards online shopping. In a pre-close trading update covering the year to the end of April, the company said trading in the second half of the year continued to build...

Moderna said it will use its cash balance to fund these investments, which will start this year. It added that this is necessary due to an expected significant need for booster vaccinations in 2022 and beyond, as waning immunity will hit the efficacy of rollouts within 12 months. The new investments will double drug substance manufacturing at Lonza’s Swiss facility, more than double formulation, fill and finish and drug substance manufacturing at Rovi’s Spain-based facility, and increase by 50% drug substance at Moderna’s plants in the US. Reaching the target will depend on the mix betw...

The consumer goods giant expects full-year sales to rise but markets remain volatile Unilever PLC (LON:ULVR) declared a quarterly dividend of 3.71p per share and will start a share buyback programme of up to €3bn next month, which the consumer products group said reflects strong cash flow delivery and balance sheet position. The FTSE 100 giant said it is still deciding how to spin off its tea business later this year, whether by IPO, a demerger, a joint venture or disposal. Another spinoff is in the works as well, as some smaller beauty and personal care brands which together generated tu...

Follow Jamie on: For Shell it will be a set of results with a narrative of transition. Royal Dutch Shell Plc (LON:RDSB) is the next company formerly known as oil super major to update on Thursday. Transition and commodity prices will be key themes in the results statement. Shell recently updated investors with more detail on its plan emphasis on customer demand, no doubt it will be a feature in Thursday’s first-quarter results. “Shell is attempting to pull off a metamorphosis but shrugging off its fossil fuel skin to reveal a new cleaner energy giant underneath is no easy transition,” s...