BAE Systems PLC has had its outlook raised to stable from negative by ratings agency Moody’s. The change in outlook reflects a combination of reduced debt, positive prospects for increased cash flow in light of recent contract awards, and reduced uncertainty regarding the impact of BAE’s recommendation to its shareholders to approve the sale...
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Airbus has confirmed that the Super-Jumbo A380 aircraft will suffer further delays due to issues with the wiring of the aircrafts complex avionics control and distribution system. Demand on both sophisticated control systems and in-flight entertainment systems for passengers mean that each aircraft has hundreds of miles of cabling. At this point Airbus have...
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Whilst most people in the UK know that Roman Abramovich is a billionaire (estimated at $18.2 billion net worth), they are more likely to associate him with piling bundles of cash into London based Chelsea Football Club. The headlines today proclaim that Abramovich is piling so much money into the club that it is...
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Oil prices dropped to a six month low on Wednesday as the weekly inventory data on US petrol stocks is published and expected to show marked increase in reserves. As analysis and predictions of a milder winter filter through from meteorologists due to the rise of El Nino the pressure on reserves will mean...
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Giving his strongest nod to the Bank of England this week, Gordon Brown told the annual meeting of the International Monetary Fund (IMF) that the Bank of England must keep inflation in check as Britain’s economy continues to grow. The IMF’s new forecast for UK growth was 2.7 per cent, he added. Asked how...
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