Rolls Royce lands $100m defence contract April 9, 2014 Aerospace and defence giant Rolls Royce has been awarded a $100m contract by the US Department of Defence. The company will provide support for the F405 (Adour) engines that power the US Navy's T-45 training aircraft. Rolls Royce will be responsible for providing depot level maintenance and logistics support for over 200 Adour engines. The [...]
Culture secretary Maria Miller resigns April 9, 2014 The culture secretary Maria Miller has resigned amid growing pressure over her expenses claims. In a letter to the Prime Minister, Miller said the ongoing dispute had "become a distraction from the vital work this government is doing." The Prime Minister responded to the letter saying he was "sorry" to have received it, but nevertheless [...]
Asian markets make gains but Japan is left behind April 9, 2014 Asian markets are on the up after a more bullish day on Wall Street. A strengthening global economy and China's move away from a more restrictive credit policy all contributed to a rise in confidence. Positive jobs data from the US combined with Chinese stimulus efforts to head off a slowdown in growth have also [...]
UK diplomat says Brexit can boost UK’s GDP April 8, 2014 THE UK could boost its GDP by £1.3bn if the country left the EU and negotiated a looser relationship with Brussels, according to the winner of a competition to design a “Brexit” plan. The Institute for Economic Affairs (IEA) announced a competition last year to plan a potential exit from the EU for the UK, [...]
Tablet ownership jumps 63pc with ad spend at record high April 8, 2014 One in four Brits now owns a tablet with ownership rocketing by 63 per cent in the last year, according to the latest Internet Advertising Bureau Digital Adspend report, conducted by PwC. Tablet ownership grew year-on-year from 11m to 17.9m in February 2014. Tablets are increasingly dominating how people access the internet, with 57 per [...]
Immigration restrictions are holding the economy back says new report April 8, 2014 The Recruitment and Employment Confederation (REC) has become the latest organisation to join the chorus of voices calling on the government to ease visa restrictions for migrant workers. The REC and KPMG jobs report published on Tuesday, said March saw a decline in the availability of candidates, with permanent staff availability falling at the sharpest [...]
Nokia gets the go-ahead for Microsoft sale April 8, 2014 The Chinese Ministry of Commerce has approved Nokia's planned sale of its devices & services business to Microsoft, the company said on Tuesday. The deal reached in September saw Nokia sell the business to Microsoft for €5.4bn (£4.4bn). However, Nokia retained its patent portfolio, which is seen by some analysts as an up-and-coming source of [...]
Former NATO secretary general says Scottish independence would be “cataclysmic” April 8, 2014 Scottish independence would be "cataclysmic" for the West and would be celebrated by Britain's enemies, according to the former secretary general of Nato, Lord Robertson. Speaking at the Brookings Institute, Lord Robertson said global stability could be threatened by a "debilitating divorce" between the UK and Scotland. Taking the debate over independence well beyond the [...]
Victrex reports strong trading but warns of currency headwinds April 8, 2014 Hi-tech plastics company Victrex has reported continued growth in the company's trading for the first half of the year. Victrex enjoyed a strong second quarter with trading "well ahead" of its expectations. Victrex's biomaterial solutions business Invibio saw revenue for the first half of the year reach £26.9m, compared to £24.2m for the same period [...]
Asian markets remain subdued as Bank of Japan holds firm April 8, 2014 Asian markets are holding steady after the Bank of Japan maintained its stance on monetary policy and disappointed some investors with a refusal to hike purchases of risk assets. Japan's current account balance showed a surplus for the first time in five months in February, this was attributed to strengthening exports and an increase in [...]
