Virgin Atlantic and Cinven eye up acquisitions
12 Dec 2011 | by Rebecca Burn-Callander
Cinven, the private equity firm behind Pizza Express, has been checking out flagging high street retailer Mothercare while Virgin Atlantic sizes up bmi.
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JobsThe engineering firm will upgrade HMS Vengeance, replacing its nuclear core - which should secure 2,000 jobs in Plymouth.
Cinven, the private equity firm behind Pizza Express, has been checking out flagging high street retailer Mothercare while Virgin Atlantic sizes up bmi.
The pan-European defence/aviation/space giant has had a good year - despite spending cuts by governments.
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...
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 loses its appeal against the forced sale of two of its airports - as Heathrow is rated below Calcutta in an airport league table.
The defence company has published a slight rise in profits - but it's facing tougher times on both sides of the Atlantic...
It's about time the airline industry had some good news - and Flybe is taking full advantage.
The airline made a £164m loss last quarter - but it's putting on a brave face.
The airline blames the government for 24% drop in profits. We love a good conspiracy theory...
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