North East Will Get £60m Boost After Corus Cuts

Lord Mandelson will pump £60 million of taxpayers’ funds into businesses in the North East of England to help to offset the effect of 1700 steel workers losing their jobs on Teesside.
The Business Secretary has secured the funding for the North East—the region of his own constituency when he was MP for Hartlepool—only days after [...]

Airline Chiefs Speak Out Against Tory Policy on Third Runway for Heathrow

Airline bosses derided Conservative aviation policy as incoherent and confused due to the party’s opposition to a third runway at Heathrow.
The chief executives of British Airways and Virgin Atlantic launched their salvos as leading climate change advisers published a report showing that expansion could be compatible with the Government’s carbon emission’s target.
Whillie Walsh, BA’s chief [...]

Leaked Documents Reveal that Dubai World Had Already Been Bailed Out

The property subsidiary of Dubai World, the stricken Gulf investment group, could have lost up to $6 billion in the first half of this year had it not been given government bailouts, it has emerged.
The continued bad news from Dubai World sent investor confidence in the Gulf state crashing, while in Britain fears about the [...]

Analyst Attacks Vodafone’s ‘Depressingly Thin’ Talent Pool

Vodafone, the UK’s third-largest company, has a ‘worrying lack of commercial savvy’ and a “depressingly thin” talent pool.
In an unprecedented open letter to Vodafone’s chief executive and board of directors, Robin Bienenstock, a analyst at Bernstein Research, said Vodafone had the potential to become the “most compelling transformational story” in the telecoms industry, but warned [...]