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Babcock dives head-first into £350m sub refit contract

The engineering firm will upgrade HMS Vengeance, replacing its nuclear core - which should secure 2,000 jobs in Plymouth.

Virgin Atlantic and Cinven eye up acquisitions

Cinven, the private equity firm behind Pizza Express, has been checking out flagging high street retailer Mothercare while Virgin Atlantic sizes up bmi.

EADS sales forecasts take off

The pan-European defence/aviation/space giant has had a good year - despite spending cuts by governments.

BAE defenceless over job cuts

BAE Systems is shedding nearly 3,000 jobs in the UK, on the back of defence cuts and less-than-thunderous Eurofighter sales. When you put all your eggs in one basket, they're easily shot down...

BAE has its wrists slapped again

The defence firm has been fined £50m by the US government, this time for flouting export rules. Although its antics don't seem to have stopped it picking up work.

BAA must sell Stansted, says Competition Commission

BAA loses its appeal against the forced sale of two of its airports - as Heathrow is rated below Calcutta in an airport league table.

BAE profits nose-dive thanks to spending cuts

The defence company has published a slight rise in profits - but it's facing tougher times on both sides of the Atlantic...

Airline profits to soar this year - as Flybe prepares to swoop for rivals

It's about time the airline industry had some good news - and Flybe is taking full advantage.

It never rains, but it pours (ash) for BA

The airline made a £164m loss last quarter - but it's putting on a brave face.

Ryanair profits eat dust after volcano cancellations

The airline blames the government for 24% drop in profits. We love a good conspiracy theory...

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