Williams Grand Prix Holdings Plc, Formula One’s only publicly listed team, expects to start street testing of a hybrid London double-decker bus this year as it seeks a revenue boost from technological expertise, chief executive officer Alex Burns said.
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.