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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Despite the small drama about space junk floating around Atlantis a few days a ago, the US Space shuttle Atlantis touched down safely early this morning to the relief of the crew, family and staff at the Kennedy Space Centre. NASA itself finally has some good PR – a job well done. But should...
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With the cost and affordability of basic housing going through the roof. More and more economic pundits are starting to question if the governments adoption or skew of components in the CPI is realistically reflecting what is happening on the ground. In countries as far apart as the UK and Australia the CPI measurement...
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A new report from the UK shows an alarming trend in the housing sector. Unlike the USA where there is now a glut of homes, the UK is suffering from a shortage – it is likely to get worse. According to the report by the Joseph Rowntree Foundation the number of affordable houses in...
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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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