Business NEWS

France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m

French aerospace, defence and security firm Safran SA (EPA:SAF) said Tuesday it had agreed to buy UK Rolls-Royce Holding PLC’s (LON:RR) 50% interest in the joint RTM322 helicopter engine programme for EUR293m (USD382m) in … Continue reading “France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m”


Tesco to pull out of US market

UK supermarket group Tesco plc (LSE:TSCO) is to exit from the United States, the company announced today. The Fresh & Easy venture was launched in Nevada, California and Arizona in 2007 but has … Continue reading “Tesco to pull out of US market”


UK engineering consultant WS Atkins considers selling North American unit

UK engineering consultancy WS Atkins Plc (LON:ATK) is looking into strategic alternatives for its loss-making North American construction unit Peter Brown and expects to be clear about its future this summer, finance director … Continue reading “UK engineering consultant WS Atkins considers selling North American unit”


UK manufacturing output down 1.5% in January

The chances of the UK avoiding another recession are looking slimmer today, with official figures showing a drop manufacturing output for January. After the announcement by the Office for National Statistics (ONS) this … Continue reading “UK manufacturing output down 1.5% in January”


More women in the UK working beyond 60

More women in the UK are working past the age of 60, according to a report out today which takes a look at trends in the job market over a two-year period. This … Continue reading “More women in the UK working beyond 60”


January snow hits UK retail sales

UK retail sales declined from December to January, surprising economists who had forecast sales to grow at the start of the year. Figures released today by the Office for National Statistics (ONS) show … Continue reading “January snow hits UK retail sales”


Toshiba considers bidding for UK nuclear fuel firm Urenco

Japanese industrial group Toshiba Corp (TYO:6502) is mulling over a possible bid for UK nuclear fuel producer Urenco Limited, the Sunday Times reported without quoting any sources. According to the paper, Toshiba is … Continue reading “Toshiba considers bidding for UK nuclear fuel firm Urenco”


Rural broadband roll out approved and beginning early this year

The government has finally been given the go ahead for a £530 million broadband roll out that was first announced back in January of 2012. The plans required further intervention from Culture Secretary … Continue reading “Rural broadband roll out approved and beginning early this year”


Contactless payment introduced on London buses

Bus passengers in London can now use a contactless debit, credit or charge card to pay for their journey, Transport for London (TfL) announced today. To use contactless payment, passengers can touch their … Continue reading “Contactless payment introduced on London buses”


Coffee chain Costa boosts Q3 sales at Whitbread

UK hotel and restaurant group Whitbread plc (LSE:WTB) announced today an increase of 3.3% in like-for-like sales for the third quarter of 2012, boosted by strong performance at its coffee chain Costa, which … Continue reading “Coffee chain Costa boosts Q3 sales at Whitbread”


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