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.
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.
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.
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.
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.
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.
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.
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.