UK Business News

Manufacturers of London’s iconic black cab, Manganese Bronze, have announced that worldwide orders for the taxi cab have now exceeded 3000, since the companies joint venture with Chinese business Shanghai LTI.
Orders from Mexico, Eastern Europe, South America and the Middle East have been mentioned although the eventual whereabouts of the vehicles is a closely guarded [...]

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Software giant Microsoft has seen profits slide by 11% in the third quarter as sales of MS Office fall in the face of the gloomy economic outlook.
Shares fell 5% on the news and weren’t helped by continued uncertainty around MS’s bid for Yahoo!. The bid price is already seen as high and the attempted acquisition may [...]

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The British Airline Pilots’ Association (BALPA) have had an open letter published in today’s Financial Times, expressing their concern that the T5 problems at Heathrow are making a ‘laughing stock’ of BA.
Jim McAuslan, Balpa’s general secretary wrote: “It is with great sorrow and acute embarrassment that BA pilots have witnessed the unhappy shambles that the [...]

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Local government contractor Civica has agreed a management buy-out, backed by funds from equity group 3i.
The cash offer of 270p per share values the software group at £190million. The group supplies the software to almost 90% of councils in the UK.
3i investors have created a new company Cornwall Bidco, specifically for making the offer, and [...]

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British Airways have drafted in hundreds of volunteers as part time baggage handlers to help clear the 15,000 lost bags in the T5 fiasco.
The Airline has also called in IT experts to fix the malfunctioning luggage system. Thirty seven flights were cancelled yesterday and a further fifty four will be scrapped today.
BA said that 400 [...]

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