Airbus’ profits have fallen due to continued problems with certain projects. Airbus stated that there were still issues over “meeting contractual capabilities” securing export orders, cost cutting, and commercial exposure. It also said that technical problems with engines for its new A320neo aircraft were still to be resolved. The warnings came as Airbus posted quarterly…
Taylor Wimpey, one of the UK’s biggest housebuilders, has set aside £130m and apologised to home buyers in a dispute over sharply rising fees. It is the first major builder to apologise after criticism for leaving customers with onerous leasehold deals. The contracts meant that ground rents, which are paid to owners of the property,…
Sports Direct and Newcastle United owner billionaire Mike Ashley has won the latest round of a High Court fight with Rangers Football Club over a merchandise deal said to result in the Rangers getting about 7p of every £1 spent. Sports Direct group say Rangers’ directors wrongly terminated a contract through which branded products, including…
Debenhams has announced a shake-up strategy aimed at boosting its appeal by investing in its in-store cafes and improving its online offering. The plan includes a review of up to 10 of its 176 UK stores for possible closure over the next five years. A central distribution warehouse in Northampton and about 10 smaller warehouses…
Pop-star Janet Jackson has split from her husband Wissam Al Mana just months after giving birth to her first child at the age of 50. Al Mana is the CEO of the multinational Al Mana business conglomerate and is estimated to have a fortune of around £800million. The couple wed in 2012 and was Janet…
A recent judgement has been made in the professional negligence case of Adams v Atlas International Property Services Ltd which saw many individuals lose their homes which they had purchased during the Spanish property boom. Purchasers in England had bought property in Spain after seeing adverts placed by English agents for the developer and who…
Unilever is to sell its margarine business, including Flora and Stork. It comes as part of a review at the Anglo-Dutch firm, which recently saw off a takeover bid from US food giant Kraft Heinz. The sell-off could fetch $6bn (£4.8bn). Unilever is also studying whether to change its status and looking at the wider…
Actor David Schwimmer announced that he and his wife Zoe Buckman are taking time apart. The couple who married in June 2010 stated “It is with great love, respect and friendship that we have decided to take some time apart while we determine the future of our relationship”. The couple have a 5 year old…
Olympic medalist figure skater Michelle Kwan and political activist Clay Pell are getting divorced after 4 years of marriage. Kwan is the most decorated figure skater in American history. She won five World titles as well as the silver medal at the 1998 Winter Olympics and bronze at the 2002 Games. According to sources Pell…
Lloyd’s of London will establish a new European subsidiary in Brussels to avoid losing business when the UK leaves the EU. Lloyd’s is one of Britain’s oldest institutions and is the world’s leading insurance and reinsurance market. Several investment banks such as Bank of America, Barclays, and Morgan Stanley are considering relocating staff to Dublin…