Sarah's Feed
Oct 13, 2015

Michael Page on track to meet forecasts after quarterly profit rise

LONDON, Oct 13 (Reuters) – British recruitment company
Michael Page International said business in its biggest
markets, the UK and France, was performing well, putting it on
track to meet full-year forecasts, after it reported a rise in
quarterly profit.

The company said gross profit rose 10 percent on a constant
currency basis in the third quarter compared with the same
period a year earlier, driven by growth in the UK, France,
Germany and Spain.

Oct 12, 2015

Cameron’s EU referendum unsettles some British expatriates in the Spanish sun

FUENGIROLA, Spain, Oct 12 (Reuters) – For some sun-seeking
Britons, a cloud has formed over the whitewashed villages, beach
bars and golf courses of Spain – the risk that Britain will drop
out of the European Union.

Over the last three decades, hundreds of thousands of
Britons have used the EU’s right to free movement to settle in
Spain, drawn by warmer weather, cheaper property and a new life.

Oct 12, 2015

European regulators scrutinise aero-engine servicing contracts

LONDON, Oct 12 (Reuters) – European market competition
regulators are gathering information regarding the maintenance
and servicing policies of aero-engine makers and other aircraft
equipment manufacturers in what could be a first step towards
launching an investigation.

Engine makers Rolls-Royce and Safran
confirmed that they are in the process of filling out
questionnaires sent to them by the European Commission regarding
equipment servicing contracts in the aviation industry.

Oct 8, 2015

Hays shares drop after fee growth hampered by UK softening

LONDON, Oct 8 (Reuters) – Recruitment firm Hays
shares slumped to a 10-month low on Thursday after a quarterly
trading update from the company showed a slowdown in net fee
growth in its main domestic market, prompting some analysts to
cut earnings forecasts.

In the UK and Ireland, which last year accounted for 36
percent of annual net fees, Hays said underlying net fees rose 6
percent in its first quarter, versus the 9 percent rate recorded
in the previous three months.

Oct 5, 2015

Rolls-Royce to cut more staff at its marine unit

LONDON, Oct 5 (Reuters) – Britain’s Rolls-Royce said
it would cut an additional 400 staff from its marine business by
the end of next year, its latest move to make the unit more
efficient and cope with a fall in orders sparked by lower oil

The marine unit, which depends on oil and gas-related
customers for about 60 percent of its business, has seen some of
its orders cancelled in the past 16 months as the price of Brent
crude collapsed to six-year lows.

Sep 21, 2015

Iceland’s Wow Air to buy more planes for trans-Atlantic expansion

LONDON, Sept 21 (Reuters) – Icelandic low-cost airline Wow
Air is in talks to buy two Airbus 321s which will help it add
more trans-Atlantic destinations and increase its foothold in
the low-cost long-haul travel market, Chief Executive Skuli
Mogensen said.

The two planes, which will bring Wow Air’s fleet to seven,
will fly new routes to North America from next spring, adding to
Wow’s existing Boston and Baltimore Washington International

Sep 17, 2015

Arms firms do business with new buyers as cyber fears grow

LONDON (Reuters) – A broadening wave of cyber attacks is drumming up new clients for defense companies as anxiety about the loss of sensitive data spreads from military chiefs to company bosses.

Banks, utilities and media groups are the new customers of defense companies who are generating a growing proportion of their revenues from cyber security, helping to offset lower spending by Western governments on traditional weapons.

Sep 17, 2015

Boeing rivals step up pressure for UK spy plane competition

LONDON (Reuters) – Global defense companies are clamoring for the chance to compete with Boeing (BA.N: Quote, Profile, Research, Stock Buzz) for a multi-billion-dollar contract to provide Britain with submarine-hunting aircraft, as the UK government ponders a gap left by recent defense cuts.

At a time of rising Western tensions with Russia — whose submarines are suspected of entering Swedish and Finnish waters — Britain is struggling to carry out its own aerial hunts for such boats since scrapping its Nimrod spy-plane program in 2010.

Sep 15, 2015

Lockheed Martin eyes UK submarine hunter competition

LONDON (Reuters) – U.S. defense company Lockheed Martin Corp could offer Britain a cheap option for patrol aircraft, its business development manager told Reuters, as competition heats up ahead of an expected announcement later this year.

A UK government defense and security review due to conclude later this year could state the need for a new maritime patrol force, putting a multi-billion dollar contract up for grabs.

Sep 14, 2015

UK Labour chief names pro-nationalisation, left-wing finance spokesman

LONDON, Sept 14 (Reuters) – The new leader of Britain’s
opposition Labour Party has named a hard-left former trade union
official, who has backed renationalising the country’s banks and
higher taxes on the wealthy, to run his economic policy.

Shortly after winning Labour’s leadership election on
Saturday, Jeremy Corbyn named top members of his shadow cabinet,
including John McDonnell as his would-be finance minister.