Richard Branson’s Virgin Group has settled for a minority role in a joint venture bidding to run Britain’s East Coast rail route, with long-term partner Stagecoach Group Plc taking a controlling stake.
Flybe Group Plc, Europe’s largest regional airline, plans to shut bases in Aberdeen and Inverness in Scotland, Newcastle upon Tyne in northern England and on Jersey, Guernsey and the Isle of Man as it cuts almost 500 jobs.
Two European scientists won the Nobel Prize in Physics for describing the Higgs boson, a theoretical particle that may explain where mass comes from and advances man’s understanding of how the world is constructed.
Underwater mortgages and missed home- loan payments were almost unheard of when Joe Michna started listening to the troubles of residents in the northern English town of Hartlepool. Now, 26 years later, one in seven coming to him for help are worried about losing their home.
AEI Cables, which produces cables for the defense and civil-engineering industries, is eliminating more than 120 jobs at a plant near Newcastle upon Tyne, England, the British Broadcasting Corp. reported, citing labor leaders.
Eaga Plc , which runs the U.K. state- funded Warm Front heating insulation program, reported a loss of 3.8 million pounds ($6 million) in the first half as the government cut spending on the program to reduce its deficit.
BAE Systems Plc, Europe’s largest defense contractor, said it’s negotiating 620 jobcuts across the U.K. as it prepares to close a site in northern England when production of an armored vehicle runs out.