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....". Austria said in February it would sue French aerospace giant Airbus and the Eurofighter consortium, citing money related to local contracts they said was hidden in the cost of the planes. ... [Read full article on BBC ]
Wednesday 26th of April 2017 07:47:50 PM
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Latest Finance News related to Aerospace

Airbus chief in Eurofighter fraud probe image
Source : BBC [Read Article] Wednesday 26th of April 2017 07:47:50 PM
....". Austria said in February it would sue French aerospace giant Airbus and the Eurofighter consortium, citing money related to local contracts they said was hidden in the cost of the planes. ...
How Britain can build a successful, lasting industrial strategy image
Source : Guardian [Read Article] Sunday 16th of April 2017 10:03:01 AM
....“The government is developing an industrial strategy which calls for employer-led sector deals to boost productivity and skills. But so far, efforts have focused on high-skill, high productivity, hi-tech export sectors such as automotive and aerospace,” it said. ...
Non-stop Sydney-to-London flights could happen by 2022, says Qantas image
Source : Guardian [Read Article] Thursday 6th of April 2017 12:30:29 AM
.... Qantas can offset the higher cost of carrying more fuel to complete the flight by saving on stopover costs, such as airport charges, ground handling, taxes, crew hotel rooms and lounge usage. “In terms of economics, much depends on fuel prices,” said a Teal Group aerospace analyst, Richard Aboulafia. ...
Industrial heartland is in no fit state to pump up UK exports image
Source : Guardian [Read Article] Sunday 2nd of April 2017 06:00:46 AM
....Champions of the region argue there are large pockets filled with hi-tech manufacturing, and that companies in the services sector can claim to be among the best in the country. Jaguar Land Rover and the aerospace firm Moog boast stellar productivity rates, while areas such as Sutton Coldfield are solidly wealthy and stuffed with highly paid graduates. ...
Serious Fraud Office boss warns big names to play ball – or else image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
.... Lewis took over as boss of Tesco after the false accounting incident took place. Rolls-RoyceRolls-Royce and the SFO announced in January that the aerospace and defence company had agreed to pay £671m in relation to allegations that it bribed middle men around the world between 1989 and 2013. ...
Brexit Britain image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:04:40 PM
.... . Cars and aerospace firms, for example, can ship components several times across borders before finally fitting them into the finished product. ...
Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
.... Tesco’s case is scheduled to be heard on 10 April. The DPA with Tesco follows a settlement with Rolls-Royce in January that saw the aerospace and defence company agree to pay £671m over allegations that it bribed middlemen around the world between 1989 and 2013. ...
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
.... DPAs, which have been used in the US for years, require judicial approval. Rolls-Royce qualified for a DPA because the executives in charge of the aerospace and defence company during the period under scrutiny had all left and the company co-operated with the SFO’s investigation. ...
Aircraft orders increase tenfold in a year in boost for UK manufacturing image
. The global aerospace industry enjoyed a surge in aircraft orders in February, putting it on track for another record year of deliveries and boosting the UK economy. ...
Unilever chief calls for tougher takeover safeguards image
Source : BBC [Read Article] Tuesday 14th of March 2017 07:14:02 PM
.... Under existing laws, it can only step in when a deal threatens national security, media plurality and ownership, and financial stability. For example, it holds a "golden share" in Rolls-Royce and BAE, two UK strategic defence and aerospace companies. ...
Cobham in cash call to tackle debt image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:26:13 AM
. The aerospace company that pioneered in-flight refuelling has asked shareholders for a £500m injection to repair its finances - the second such cash call in just eight months. ...
FTSE 100 falls from record high as Capita slumps image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:09:57 AM
....Profits last year sank to £73m from £224m in 2015 after the company wrote down the value of its plumbing, heating and tile businesses by £235m. But shares in aerospace and defence firm Cobham rose 13% despite it announcing plans for a £500m rights issue. ...
Boeing to open factory in South Yorkshire image
Source : BBC [Read Article] Friday 24th of February 2017 01:54:08 PM
....The news comes shortly after luxury supercar manufacturer McLaren announced it is planning to build a £50m chassis factory on the site, creating 200 jobs. Professor Keith Ridgway, of the AMRC, said the investment takes the region on from its coal and steel heritage to manufacturing high performance components for the automotive and aerospace sector. ...
Government pension scheme begins ditching oil and gas investments image
Source : Guardian [Read Article] Friday 24th of February 2017 10:21:26 AM
....”. Sectors where Nest/UBS will be investing less than they would otherwise include mining, oil and gas, beverages, aerospace and defence, travel and leisure, and food production. ...
Rolls-Royce posts biggest loss in its history image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:28:53 AM
.... The pound has lost almost a fifth of its value against the dollar since Britain voted to leave the EU last June. Rolls hedges billions of pounds of cash to protect itself against currency fluctuations because deals in the aerospace industry are conducted in dollars. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
....Governments have become less tolerant of dirty business dealings over time, as Rolls-Royce has found to its cost. The aerospace company – one of the UK’s genuinely world class manufacturing firms – will this week announce one of Britain’s biggest ever corporate losses, in part the result of the £671m cost of settling bribery actions. ...
Bribery and Brexit propel Rolls-Royce towards historic losses image
Source : Guardian [Read Article] Saturday 11th of February 2017 01:42:36 PM
. Rolls-Royce will report one of the biggest losses in British corporate history this week as Brexit and a corruption scandal leave an indelible mark on the famous aerospace company. ...
Former Rolls-Royce boss questioned in corruption inquiry image
Source : Guardian [Read Article] Friday 10th of February 2017 11:31:33 AM
....Rose also resigned as a director of Ombu, which invests in industrial technology companies, on 30 November, according to records at Companies House. Mark King, the former head of civil aerospace at Rolls-Royce, also stepped down as chairman of Open Energi, one of the companies Ombu has invested in, on 23 January. ...
Well-paid bosses should not get knighthoods – says Sir Philip Hampton image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:08 PM
.... The DPA allows the engineering group to avoid formal criminal charges, although individuals working for Rolls-Royce at the time could still face proceedings. Rose was knighted in 2003 in recognition of his services to the defence and aerospace industries. ...
Theresa May’s industrial plan signals shift to more state intervention image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:28:07 AM
....She will say the government would be prepared to deregulate, help with trade deals or create institutions to boost skills or research if any sector could show this would address specific problems. The deals would be available only to sectors that organised themselves and made the case for government action, with May citing the automotive and aerospace industries as sectors that had successfully used this model. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
.... Javid’s predecessors in the role of business secretary, Lord Mandelson and Sir Vince Cable, both happily adopted the concept. Although their industrial strategies were never put into writing, they formed task forces in the automotive and aerospace sectors made up of government figures and industry leaders. ...
Calls for ex-Rolls-Royce CEO to lose knighthood after firm admits bribery image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:48:18 PM
.... The manufacturing multinational has been hit with the biggest criminal penalty in British history after being ordered to pay £691m in fines. On Monday the company announced the settlement with the Serious Fraud Office (SFO), after accepting that its defence and civil aerospace divisions had paid bribes and corrupted officials and politicians around the world. ...
Rolls-Royce: questions remain despite £671m bribery settlement | Nils Pratley image
.... Read the statement of facts in the case, and consider the words of Sir Brian Leveson in the high court as he approved the DPA, to appreciate the size of this scandal. Rolls-Royce’s internal investigation, we learn, involved disciplinary proceedings against 38 individuals in its civil aerospace, energy and marine divisions, leading to 11 employees leaving the company during the disciplinary process and six being dismissed. ...
Pen power: China closer to ballpoint success image
Source : BBC [Read Article] Tuesday 10th of January 2017 08:16:27 AM
...."Its parts are so small and very precise, and it's not easy to solve this problem" . Precision engineering is thriving only in certain sectors such as aerospace and defence where the government has placed a high priority, says Prof Huang. ...
Toyota will face 'big border tax' if Mexico plant makes US cars, Trump says image
.... “There will be a tax on our soon to be strong border of 35% for these companies,” he tweeted, naming car and air conditioner manufacturers in the same series of remarks. In recent weeks, Trump also threatened aerospace firms Boeing and Lockheed-Martin, both of which rely heavily on government contracts for multibillion-dollar revenues. ...
Lockheed-Martin stock takes second hit from Trump's Twitter blitz on F-35 costs image
....Earlier in December, a Trump tweet about the cost of the F-35 preceded a $13 fall in Lockheed stocks. Trump posted his latest Twitter message late on Thursday, a day after he met the chief executives of both aerospace companies. ...
Rolls-Royce exploited US sanctions loopholes to trade with Iran image
Source : Guardian [Read Article] Wednesday 21st of December 2016 10:30:15 AM
.... The only mentions of Iran on Rolls-Royce’s website date from after the softening of US sanctions earlier this year. Zafar Khan, an aerospace and defence analyst at Société Générale, said he had never heard of Rolls-Royce trading with Iran. ...
Rolls-Royce winning contracts legitimately key to growth, says CEO image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:08:31 PM
....Rolls-Royce is vital to Britain’s economic health and while East welcomed government plans to shape a new industrial strategy he said it would only work if policies remain consistent. “The bets we make in the aerospace sector are very chunky, they’re very long term and they transcend multiple governments, so having a strategy which support businesses like us is a good thing,” he said. ...
Iran signs $16bn deal to buy 80 Boeing aircraft image
Source : BBC [Read Article] Sunday 11th of December 2016 11:35:41 AM
.... The first aircraft are scheduled for delivery in 2018. "Today's agreement will support tens of thousands of US jobs directly associated with production and delivery of the 777-300ERs, and nearly 100,000 US jobs in the US aerospace value stream for the full course of deliveries," the company said. ...
UK food prices will rise without EU workers, say trade groups image
Source : Guardian [Read Article] Thursday 8th of December 2016 06:30:35 PM
....Food and drink is the UK’s biggest export, worth £18bn, led by Scotch whisky, chocolate, beer and salmon. Despite its relatively low profile, food manufacturing is worth more to the UK economy than the automotive and aerospace sectors combined. ...
Wall Street: Dow Jones and S&P 500 hit fresh records image
Source : BBC [Read Article] Wednesday 7th of December 2016 10:45:10 PM
....Boeing gained 1. 3% as it pledged to control costs on the redesign of Air Force One after Trump criticised the aerospace giant for what he said were ballooning expenses. ...
Galactic gold rush: the tech companies aiming to make space mining a reality image
....While all three mining companies are planning launches next year, none expect to begin extracting anything of value from space until well into the next decade. “The cost of space transportation will have to come down drastically before it becomes economical to transport minerals to Earth from asteroids,” notes William Ostrove, aerospace and defense analyst for Forecast International. ...
Hull's Siemens factory produces first batch of wind turbine blades image
Source : Guardian [Read Article] Thursday 1st of December 2016 06:27:34 PM
....Surprisingly, the manufacturing process is almost entirely done by hand, rather than robots. The workforce includes former supermarket workers, aerospace industry experts on second careers and builders who learned fibreglass skills locally from fitting bathrooms and making caravan parts. ...
Rolls-Royce cuts 800 more jobs from its marine division image
Source : BBC [Read Article] Thursday 1st of December 2016 02:32:20 PM
....The company has been cutting costs for about three years in an effort to make its marine unit more competitive. As well as plunging demand for marine engines and repairs, the aerospace firm has been hit by a slowdown in demand for high-margin aircraft engine servicing. ...
Laser vision image
Source : BBC [Read Article] Tuesday 29th of November 2016 12:15:23 AM
.... And yes, the military has always had a strong interest in deploying these highly-concentrated beams of light to blow missiles or satellites out of the sky. Only recently, defence and aerospace firm Lockheed Martin trialled a 30-kilowatt laser called Athena that managed to burn a hole in a truck engine a mile away. ...
Boeing tax break ruled unlawful by WTO image
Source : BBC [Read Article] Monday 28th of November 2016 04:31:55 PM
. The US has been given 90 days to drop a special tax exemption for the giant aerospace company Boeing because it amounts to an unlawful subsidy. ...
Tata Steel announces buyer for specialist business image
Source : BBC [Read Article] Monday 28th of November 2016 12:53:12 PM
...."We now look forward to working with Liberty on the due diligence and other work streams so that the sale can be successfully concluded," he said. The Speciality Steels unit makes high-end components for the automotive, aerospace and oil industries. ...
Tata to sell UK speciality steels business in £100m deal image
Source : Guardian [Read Article] Monday 28th of November 2016 11:39:17 AM
....Liberty has bought a string of struggling steel sites across the UK - including two Lanarkshire steel mills from Tata Steel – and also expressed an interest in buying the Port Talbot steelworks. The speciality steels business employs 1,700 people and produces materials for the aerospace, automotive and oil and gas industries. ...
GKN to close Yeovil helicopter site, putting hundreds of jobs at risk image
Source : Guardian [Read Article] Thursday 17th of November 2016 08:16:29 PM
....Earlier this week the union accused GKN of “supercilious behaviour” in its treatment of the Yeovil workforce and of “throwing these highly skilled manufacturing jobs on to the funeral pyre of corporate greed”. As well as its aerospace business, GKN has three other main divisions including land systems, which makes components such as gearboxes for earthmoving equipment. ...
Rolls-Royce says cost cuts will be at top of target range image
Source : Guardian [Read Article] Wednesday 16th of November 2016 12:10:37 PM
....East has promised to rid Rolls-Royce of the “accounting fog” that made the company impenetrable to analysts and investors by making recording of TotalCare servicing contracts and research and development costs clearer. Rolls-Royce said applying a new accounting standard to its 2015 results would have knocked £700m off operating profit and revenue at its civil aerospace division. ...
Richard Branson reveals prototype for supersonic passenger aircraft image
Source : Guardian [Read Article] Tuesday 15th of November 2016 01:00:17 PM
....The billionaire Virgin Group founder said his Spaceship company would help Denver-based startup Boom build a new generation of supersonic jets and reintroduce transatlantic flight times unseen since Concorde was scrapped. “I have long been passionate about aerospace innovation and the development of high-speed commercial flights,” Branson said. ...
Greg Clark stands by refusal to publish Nissan letter image
Source : BBC [Read Article] Monday 31st of October 2016 07:03:54 PM
...."Are we really to believe that Nissan are risking millions of pounds of investment and the success of its newest models on the basis of the government's intentions alone?" Mr Lewis asked. He demanded to know what the government's plans were for other industries like steel, aerospace and pharmaceuticals. ...
Boeing set to deliver more planes in 2016 image
Source : BBC [Read Article] Wednesday 26th of October 2016 06:35:07 PM
.... . The figures comes as the aerospace group embarks on a massive restructuring programme in a bid to cut costs. ...
Airport expansion image
Source : BBC [Read Article] Monday 24th of October 2016 11:07:50 PM
.... This has outperformed the growth in global GDP (except for a period between 2008-09) and is currently growing at 6. 2%, says the European aerospace giant Airbus. ...
Bombardier to cut 7,500 more jobs across its global operations image
Source : BBC [Read Article] Friday 21st of October 2016 10:21:08 AM
....Canadian plane and train maker Bombardier has announced significant job cuts for the second time this year, shedding another 7,500 posts. About two-thirds of the cuts will be in the rail division, Bombardier Transportation, with the rest in the aerospace division. ...
Tesla told to dump Autopilot brand in Germany image
Source : BBC [Read Article] Monday 17th of October 2016 09:14:48 AM
...."Tesla's Autopilot operates in conjunction with the human driver to make driving safer and less stressful. This is how the term has been used for decades in aerospace: to denote a support system that operates under the direct supervision of a human pilot," the company said. ...
UK economy 'faces prolonged weakness', Item Club report says image
Source : BBC [Read Article] Sunday 16th of October 2016 11:27:35 PM
...."With activity in the domestic market flat, GDP growth will become heavily dependent upon exports next year," he said. "But once the UK has left the EU certain sectors, such as aerospace, automotive, and chemicals that trade extensively with the EU will be a lot more vulnerable and may need to be supported by subsidies and more robust industrial policies," he said. ...
Airbus criticises Poland for cancelling helicopter deal image
Source : BBC [Read Article] Tuesday 11th of October 2016 03:34:47 PM
....He said the company had been "misled for months" and would be seeking compensation. The European aerospace giant won a tender to supply the Polish armed forces with helicopters in April 2015. ...
Boeing receives order for 40 planes from Qatar image
Source : BBC [Read Article] Friday 7th of October 2016 01:41:55 AM
.... It's also a huge boost for the US plane maker's single aisle 737 MAX aircraft. It is the US aerospace giant's newest plane and doesn't go into service until next year. ...
When businesses mess up image
Source : BBC [Read Article] Thursday 6th of October 2016 02:14:39 PM
....Schoolchildren can be forgiven for making mistakes when tackling decimals and fractions, but when adults make basic numerical errors, there is less inclination to be lenient. In 1999, Nasa lost a $125m (£98m) Mars orbiter craft in space when engineers at aerospace company Lockheed Martin used British imperial measurements while the Nasa team used metric ones. ...
BAE Systems in arms talks with Saudi Arabia image
Source : BBC [Read Article] Thursday 6th of October 2016 11:04:23 AM
....BAE Systems has disclosed it is in talks over a multi-billion-pound arms contract with Saudi Arabia. The announcement by the defence, aerospace and electronics giant will stoke controversy over weapons sales to the Arab kingdom. ...
You sent how much?! image
Source : BBC [Read Article] Thursday 29th of September 2016 11:04:27 PM
....Mattel eventually got its money back from China - where the company has significant business interests - but most companies usually have to take the hit after falling victim. Earlier this year, for example, Austrian aerospace parts maker FACC fired its president and chief financial officer after losing a thumping €42m (£36m) in a business email fraud. ...
EU rapped by WTO for $10bn a year Airbus subsidies image
Source : BBC [Read Article] Thursday 22nd of September 2016 04:11:48 PM
....Rival Boeing says it could pave the way for the US to seek up to $10bn (£8bn) in annual retaliatory tariffs. It follows years of accusations between the two aerospace giants that each received state funding. ...
HS2 rail link boss quits to join Rolls-Royce image
Source : BBC [Read Article] Sunday 11th of September 2016 01:34:37 PM
. The boss of the controversial HS2 rail link is leaving to take up a senior post at Rolls-Royce, the aerospace and engineering group has said. ...
SpaceX blast wrecks Facebook satellite image
Source : BBC [Read Article] Thursday 1st of September 2016 07:27:23 PM
. A rocket operated by the aerospace company SpaceX has exploded on the launch pad at Cape Canaveral where it was being test-fired ahead of a launch. ...
Joe Sutter, 'Father of the Boeing 747', dies image
Source : BBC [Read Article] Wednesday 31st of August 2016 12:23:08 PM
....Joe Sutter, the man who led development of Boeing's 747 jumbo jet, has died aged 95. Boeing's commercial aircraft boss Ray Conner said Sutter was "an inspiration" not just to Boeing but "to the entire aerospace industry". ...
Asian companies have world's worst cybersecurity says study image
Source : BBC [Read Article] Wednesday 24th of August 2016 10:59:11 PM
....Mandiant suggests that the bulk of cyber-attacks in Asia are state-sponsored and target areas with heightened geopolitical tensions, such as the South China Sea. Governments, financial institutions, energy, education research, healthcare, aerospace and defence had "long been a favourite target" of hackers who look to either destroy or use the stolen material for extortion, it said. ...

Cobham dives into the red as woes continue at troubled aerospace group 
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Source : Telegraph [Read Article] Thursday 4th of August 2016 07:54:33 AM
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On track to win image
Source : BBC [Read Article] Thursday 28th of July 2016 11:08:35 PM
.... . For example, BAE Systems - more associated with the aerospace industry - has worked with UK Sport to enable British wheelchair athletes to achieve a 20% increase in acceleration through different racing positions. ...
Amazon boss Bezos becomes world's third richest image
Source : BBC [Read Article] Thursday 28th of July 2016 08:52:07 PM
....•Company expanded dramatically but struggled to make a profit. •A lifelong Star Trek fan, he launched Blue Origin spaceflight and aerospace firm in 2000. ...
Armour materials maker Permali lands major defence contracts image
Source : Daily Express [Read Article] Wednesday 13th of July 2016 12:00:00 PM
.... . Those developments, coinciding with the reduction in defence budgets, have spurred the company to grow its markets in the aerospace, rail, medical and Formula One sectors. ...
Boeing: 100 years of flying history image
Source : BBC [Read Article] Wednesday 13th of July 2016 07:09:56 AM
. The US aerospace firm Boeing is celebrating its 100th year in business at the Farnborough Airshow. ...
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Business, not Brexit, dominates air show image
Source : BBC [Read Article] Tuesday 12th of July 2016 12:41:10 PM
.... Instead, it's been two days of torrential rain that has cast the real shadow over proceedings. The biennial event is where the world's aerospace and defence (A&D) companies come to talk - and do - business. ...
Farnborough Airshow: Keeping drones safe from harm image
Source : BBC [Read Article] Monday 11th of July 2016 06:21:50 PM
.... . The show is the biggest gathering of the year for the global aerospace and defence industry and began on Monday. ...
Boeing signs £3bn deal for nine marine patrol planes image
Source : BBC [Read Article] Monday 11th of July 2016 08:49:00 AM
....He said it showed that the UK was open for business despite the referendum vote to leave the EU. "Whatever uncertainties our country faces, I want the message to go out loud and clear: the UK will continue to lead the world in both civil and defence aerospace," Mr Cameron said. ...
Farnborough forecast image
Source : BBC [Read Article] Friday 8th of July 2016 09:35:12 PM
. The world's aerospace and defence industry descends on a small town about 30 miles west of London this week for what is the biggest event in the industry's calendar. ...
Airshow history image
Source : BBC [Read Article] Thursday 7th of July 2016 11:02:33 PM
....Farnborough: a small town in southern England; the birthplace of aviation in the UK and home for almost 70 years of arguably the world's most important air show. It's an event that regularly sees a torrent of corporate deals, and has played a key role as a marketplace for Britain's aerospace and defence firms. ...

Britain’s aerospace sector soars amid fears Brexit could clip its wings
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Source : Telegraph [Read Article] Wednesday 29th of June 2016 09:00:00 AM
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Brexit: Asian powers warnings over global stability image
Source : BBC [Read Article] Sunday 26th of June 2016 09:19:49 AM
.... . Anand Mahindra, chairman of Mahindra Group, an auto-to-aerospace Indian conglomerate with operations in Britain, said the world was behaving "as if a tsunami wave has hit" which he viewed as an over-reaction. ...
City News: Pheonix Group, Goals Soccer Centre, Lloyds Bank image
Source : Daily Express [Read Article] Friday 27th of May 2016 10:34:00 PM
....”. BUILDING materials giant Wolseley has dropped plans to hire its finance chief from struggling aerospace and defence group Cobham. ...
Tata Steel bid team says deal involves 1,000 more job losses image
Source : Guardian [Read Article] Friday 6th of May 2016 08:13:01 AM
....Meanwhile, Liberty has bolstered its bid team with the appointment of Prof Julian Allwood, the Cambridge professor who has drawn up a plan to save Britain’s steel industry. Allwood advocates making high-value products from recycled steel for the aerospace and car industries. ...
Rolls-Royce boss to announce turnaround plan is working image
Source : Guardian [Read Article] Thursday 5th of May 2016 08:58:28 AM
....Rolls-Royce has been hit by falling demand for corporate jets in emerging markets, cuts to defence budgets and plunging oil prices that have prompted energy companies to scale back investment plans. Reiterating comments he made in February, East said: “Despite steady market conditions for most of our businesses, 2016 continues to be a challenging year overall as we sustain investment and start to transition major products in civil aerospace, and tackle weak markets in marine. ...
CBI calls on government to back manufacturing sector strategy image
Source : Guardian [Read Article] Wednesday 4th of May 2016 11:01:35 PM
....“First, is the sector strategic for the UK? Second, is the sector currently globally competitive, and if not why not? Does the UK have a competitive advantage? Third, what actions could government and business take to make it more competitive?”. Fairbairn will welcome the chancellor’s commitment to raising productivity and protect R&D spending on aerospace, aviation and automotive, but question why he has not pursued the same approach for other manufacturing sectors. ...
City news: Boohoo.com, Premier Inn, Cobham, Standard Chartered image
Source : Daily Express [Read Article] Tuesday 26th of April 2016 08:24:00 AM
....---------------------------------------------------------------------------------------------------. MORE than £400million was wiped from the value of Cobham after the aerospace and defence specialist sounded a profit warning and launched an emergency cash call. ...
Steel jobs 'can be saved by tech' image
Source : BBC [Read Article] Friday 15th of April 2016 06:40:55 AM
....Prof Julian Allwood said the only way to save steel jobs was to make high-value products for industries in which the UK leads the world. New methods could scrub impurities from recycled steel to make products for the aerospace and car industries, he said. ...
Chances of rescue deal for Tata Steel's entire UK business 'remote' image
Source : Guardian [Read Article] Wednesday 13th of April 2016 07:49:45 PM
....Gareth Stace, director of UK Steel, said: “The steel industry is vital to the economy. On the back of the huge infrastructure projects in the pipeline and demand from key sectors such as automotive and aerospace its potential for growth is enormous. ...
Japanese markets rebound as yen weakens image
Source : BBC [Read Article] Tuesday 12th of April 2016 01:39:42 AM
.... Alcoa's traditional smelting business has been hurt by a slump in aluminium prices. The company also lowered its 2016 outlook for sales in the aerospace industry. ...
Is spirulina the new kale? A Thai startup is bringing back the tiny green algae image
....Shah grew up around Atlanta. He graduated from the niversity at the Georgia Institute of Technology, where he studied aerospace engineering. ...

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