Tanya Powley

Richard Branson’s group will sell $500m stake in Virgin Galactic and seek private investors

IAG boss Willie Walsh warns people will not fly if government brings in new measures

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Airlines in Europe are freezing recruitment and investment in an emergency effort to protect profitability as the coronavirus spreads rapidly around the world, hitting passenger demand. Dutch carrier KLM, part of the Air France-KLM group, is delaying investment in IT and real estate projects, slashing travel expenditure and cutting back on hiring staff. German airline group Lufthansa also announced plans on Wednesday for a hiring freeze, offering unpaid leave to employees and more part-time wor…

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

IAG to increase capacity as airline focuses on lucrative transatlantic market

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

The battle to buy London City airport for more than £2bn highlights just how sought-after the UK’s main airports have become for overseas investors. Most of the UK’s biggest airports are now owned by a variety of foreign private equity funds and pension groups, with public ownership largely a distant memory. The sale of London City airport — close to the Canary Wharf financial district — to a Canadian-led consortium of pension funds on Friday, continues a trend that has been accelerating durin…

From the Seychelles to Serbia, Etihad Airways has been busy forging its own airline alliance by buying stakes in regional carriers. But the Abu Dhabi-based company’s bold plan to fill its aircraft with partner airlines’ passengers is coming under threat in both Europe and the US, where rivals are complaining of unfair competition from fast-growing Gulf carriers. The issue has become more acute as Etihad, Emirates Airline and Qatar Airways moved over the past decade from being fringe players in…

Commuters face struggle to get to work in most widespread disruption for a decade

Results cap a tough year for Indian group as it deals with huge write-offs and threat of UK strikes

A UK printing company that flourished by stamping expiry dates on perishable products such as eggs and yoghurts is set to be gobbled up in a £1bn deal, after recently struggling to compete against larger rivals in new technology areas. Japan’s Brother Industries has agreed to buy Cambridge-based Domino Printing Sciences after the bar-code printer maker hit challenges in expanding in the fast-growing digital market. The deal — unveiled on Wednesday — is the latest in an overseas acquisition spl…

World's fastest lifts race to the top of the tallest buildings  Financial Times

Dyson launches its first robotic vacuum cleaner

Rolls-Royce buffeted by drop in defence spending and strong pound

Call for use of test beds to boost UK share of robotics market

Ineos to buy out BASF stake in Styrolution

New robot generation comes out of safety cage for 24-hour shifts

News, analysis and comment from the Financial Times, the worldʼs leading global business publication