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Jul 28, 2015

GKN to buy Dutch aerospace supply firm for 706 mln euros

LONDON, July 28 (Reuters) – British engineering company GKN
said it agreed to acquire Netherlands-based Fokker
Technologies for 706 million euros ($781 million), boosting its
standing as an aerospace supplier and lifting its shares.

GKN, whose historic roots are in auto-part supply but which
has moved into aerospace in the last two decades, said the deal
would extend its global reach in the aerospace sector, building
on its acquisition of Volvo’s aerospace unit in 2012.

Jul 27, 2015

Merlin counts costs of roller coaster crash

LONDON, July 27 (Reuters) – Britain’s Merlin Entertainments
warned on Monday that annual profit would be about 9
percent lower than expected after a roller coaster crash at its
Alton Towers theme park in June kept visitors away.

Merlin, the No. 2 operator of visitor attractions in the
world behind Walt Disney, said profitability at its
theme parks division might continue to feel the effects of the
crash into next year.

Jul 24, 2015

Aggreko issues profit warning due to oil and gas slowdown

LONDON, July 24 (Reuters) – British temporary power firm
Aggreko said on Friday that its pretax profit for this
year would be between 8 and 15 percent lower than market
forecasts, due to a slowdown in oil and gas and less favourable
contract terms.

It shares dived 15 percent after the announcement.

Aggreko said its North American business had been hit by a
lower oil price and declining activity there meant less
equipment was being hired in both shale basins and the Gulf of
Mexico.

Jul 22, 2015

Beach holiday demand helps lift clouds for easyJet

LONDON, July 22 (Reuters) – British low-cost airline easyJet
forecast annual profit growth of up to 14 percent,
helped by higher demand for beach holidays which calmed fears it
had raised over its outlook.

Revenue performance in the three months to the end of June
was better than easyJet had forecast in May, boosted by
increased demand for flights to southern European resorts such
as Malaga, Alicante and Faro from northern Europe, and Britain
in particular.

Jul 18, 2015

China must learn lessons from stock market rout: vice finance minister

LONDON (Reuters) – China must learn lessons from its stock market rout, the country’s vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.

China’s stock market plunged by nearly a third at one stage earlier this month from a mid-June peak, wiping around $4 trillion from share values as investors were spooked by speculation that China’s central bank was about to end its monetary policy easing.

Jul 18, 2015

China must learn lessons from stock market rout – vice finance minister

LONDON, July 18 (Reuters) – China must learn lessons from
its stock market rout, the country’s vice finance minister said
on Saturday, signalling his intent to focus on supervision and
the development of new frameworks to make it possible to weather
any future market turbulence.

China’s stock market plunged by nearly a third at one stage
earlier this month from a mid-June peak, wiping around $4
trillion from share values as investors were spooked by
speculation that China’s central bank was about to end its
monetary policy easing.

Jul 17, 2015

Japan’s submarine hunter aircraft visits Britain with contract in mind

FAIRFORD, England, July 17 (Reuters) – Japan brought its
submarine hunter aircraft to a British airshow on Friday,
signalling its intention to compete for a potential
multi-billion dollar contract.

Britain has not formally decided it will buy new maritime
patrol planes, but is under pressure to do so to ensure it can
carry out aerial hunts for submarines after retiring a former
programme in 2011.

Jul 14, 2015

London’s Gatwick Airport attacks Heathrow expansion report

LONDON, July 14 (Reuters) – London’s Gatwick Airport said it
was still in contention to be chosen as the site for a
much-needed new runway in southeast England, dismissing a report
recommending expansion at Heathrow as flawed and stoking a
political battle over the issue.

Prime Minister David Cameron has said he will make a
decision on whether a new runway should be built at Britain’s
largest airport Heathrow or Gatwick by the end of the
year, an issue which divides the ruling Conservative party.

Jul 13, 2015

Heathrow cancels flights after protesters get on runway

LONDON (Reuters) – Heathrow Airport was forced to cancel 13 flights on Monday after activists cut through a perimeter fence and chained themselves together on a runway to protest against the possible expansion of Britain’s biggest airport.

In a stunt which raised questions about the security of Europe’s busiest airport, a group of at least 12 activists said it took only minutes to get through the apparently unguarded wire fence at around 2230 ET allowing them access to the northern runway.

Jul 13, 2015

London’s Heathrow warns of delays after activists gain access to runway

LONDON, July 13 (Reuters) – London’s Heathrow Airport said
flights would be delayed on Monday after 12 activists cut
through a perimeter fence and chained themselves together on its
northern runway to protest against the possible expansion of
Britain’s biggest airport.

Heathrow was selected as the site for a new
runway in south east England earlier this month, causing
disappointment for some local residents and climate change
groups who oppose airport expansion.