Howard Wheeldon News
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On a cold, clear January morning, Sir Richard Branson finds himself standing in the middle of a pedestrian-friendly street in Newcastle -- a hardscrabble city in northeast England -- becoming something he never thought he would be: a banker.
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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.
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Britain should bring forward orders for a new generation of navy frigates to help BAE Systems Plc bridge a production hiatus that’s threatening its warship-making capabilities and 6,000 engineering jobs, the Unite union said.
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Workers at London Heathrow and five other U.K. airports are seeking a new pay offer from BAA Ltd. in negotiations today, Unite union leader Tony Woodley said.
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British Airways Plc’s 12,000 cabin crew will struggle to win a dispute over staffing and pay even after two strikes that cost the carrier 45 million pounds ($69 million), according to the man who led their last walkout.
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British Airways Plc ’s cabin-crew union will depart from its previous stance by putting the company’s latest pay offer to members without recommending they reject it, a person with knowledge of the matter said.
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Saab Automobile’s chances of avoiding bankruptcy dwindled after the two Chinese companies that had agreed to invest in the company instead offered to buy it for a token sum, people with knowledge of the matter said.
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British Airways Plc picked Rolls- Royce Group Plc’s Trent 900 engine to power its Airbus SAS A380 aircraft, boosting sales prospects for a model that blew up on a Qantas Airways Ltd. superjumbo in November.
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Prime Minister David Cameron said the U.K. will delay renewing the Trident submarine-based nuclear-missile system until after the next election as he announced an 8 percent cut in defense spending over four years.
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Saab Automobile’s chances of avoiding bankruptcy dwindled after two Chinese companies backed away from plans to invest in the carmaker.
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