London’s Heathrow airport, hemmed in by urban sprawl and barred from adding a new runway, is turning to bigger jets and glitzier shops to keep growing in the face of a campaign to build a rival hub on the Thames estuary.
Airbus SAS and Boeing Co. won 237 jetliner orders worth $28 billion at this week’s Farnborough Air Show, more than three times the number announced in Paris a year ago, prompting some executives to say the global slump is over.
BAE Systems Plc , Europe’s largest defense company, said it’s targeting new arms markets including Brazil and building up civil-sector sales as Britain prepares for the biggest cuts to military spending since World War II.
Rolls-Royce Group Plc ’s future chief John Rishton may find his biggest challenge will be to keep his engineers busy beyond 2013, when Airbus SAS and Boeing Co. take a respite from new jetliner projects.
Bombardier Inc., the world’s biggest trainmaker, will eliminate more than 1,400 jobs at a plant in Derby, England, in a move unions say could threaten the future of Britain’s sole remaining railcar factory.
British Airways Plc ’s 12,000 cabin crew began a five-day strike, stepping up their protest against Chief Executive Officer Willie Walsh ’s plans to cut staffing levels and the wage bill as he seeks to reverse record losses.