Commercial spaceflight sector receiving £10m UK government boost
Her Majesty's government plans to make £10 million of commercial spaceflight funding available to projects that will launch people and satellites into space from...
UK manufacturing was strong in December while trade deficit narrowed
UK manufacturing expanded more than expected in the end of 2016 as the country's trade deficit narrowed.
Total production in the UK in December was...
Apple chief executive Tim Cook “very optimistic” about post-Brexit UK
In a recent meeting with UK Prime Minister Theresa May the chief executive of Apple, Tim Cook, said he believes Britain would be “just...
UK business investment expected to rise in 2017, BoE survey reveals
A survey of 700 companies by the Bank of England revealed that UK business investment is expected to rise in 2017 on higher export...
McLaren opening a £50 million manufacturing plant in Sheffield
McLaren Automotive announced plans to bring production of its carbon-fibre chassis from Austria to northern England.
The British automaker said it will open a £50...
BP profits doubled in the fourth quarter of 2016
BP profits doubled in the fourth quarter of 2016. Underlying replacement cost profit, BP’s preferred measure, rose to $400 million in the last three...
UK tax burden to reach 30-year high, says IFS
The UK tax burden - the proportion of national income collected in taxes - is set to rise to its highest level in 30...
‘Oceangoing fully autonomous ships in next 15 years,’ says Rolls Royce
The technology revolution taking place on land with the advent of driverless vehicles also looks set to transform sea transport. In the near future,...
US regulator approves $4.2 billion Rover natural gas pipeline from Pennsylvania to Ontario
The US Federal Energy Regulatory Commission has approved the construction of Energy Transfer Partners LP’s $4.2 billion Rover natural gas pipeline from Pennsylvania to...
Google selling its satellite imaging business Terra Bella to Planet Labs
Google announced on Friday that it is selling its satellite imaging business, Terra Bella, to San Francisco-based private satellite operator Planet Labs.
Planet Labs will...