United Kingdom

Manston Airport rejects formal bid by unnamed American firm

Ann Gloag, one of Scotland's richest women, has turned down an American firm's formal bid for her closure-threatened Manston Airport in Kent.

Stagecoach co-founder Ms Gloag had acquired Manston Airport for ?1 million in 2013; but in March this year, she decided to close the airport because it was suffering a loss of ?10, 000 per day. The decision put more than 150 jobs at risk.

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RMT to go ahead with its planned London Tube strike as talks failed

Thousands of commuters in London may suffer travel disruptions next week as the Rail, Maritime & Transport (RMT) union's planned three-day Tube strike is set to go ahead.

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Co-op must implement sweeping reforms or it will fail again: review report

A nine-month review the Co-op Group and Co-op Bank by former Treasury mandarin Sir Christopher Kelly exposed a number of leadership and management shortcomings that left the huge business struggling for survival.

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British economy is ‘coming back’ from recession: Osborne

The latest official figures showed that the British economy is finally 'coming back' from the recession/economic slump, Chancellor George Osborne said.

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Govt. put RBS at disadvantage by blocking its bonus plan: Standard Life

The UK Government's recent decision of blocking the bonus plan of Royal Bank of Scotland (RBS) would put the lender at a competitive disadvantage, a top Standard Life executive said.

David Cumming, the global head of equities at Standard Life, disapproved the government's move, saying it would weaken RBS' performance, reduce its value and consequently hurt taxpayers.

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