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Sarah Young

UPDATE 2-Babcock says in healthy financial position after critical report

Nov 12 2018

LONDON, Nov 12 British engineer Babcock sought to reassure investors on Monday that the company is in a healthy financial position after a critical report published last month pushed its shares to a seven-year low.

Northern Irish kingmakers tell PM May: Don't betray United Kingdom

Nov 09 2018

LONDON The Northern Irish party that props up Prime Minister Theresa May's government on Friday cast her Brexit negotiation as a betrayal and said it could not support a deal that divided the United Kingdom.

British firms hitch onto China's aerospace boom as Brexit looms

Nov 09 2018

ZHUHAI, China/LONDON British electronics manufacturing company TT Electronics is hoping its first attendance at China's biggest air show with support from UK authorities will help it land a front-seat role in the production of the world's next wide-body jet.

Wizz Air cuts profit forecast as fuel bill soars

Nov 07 2018

LONDON Budget airline Wizz Air cut its full-year profit forecast by as much as 21 percent on Wednesday, blaming an 80 million euro ($92 million) hit from higher fuel prices.

UPDATE 2-Wizz Air cuts profit forecast as fuel bill soars

Nov 07 2018

* Shares down 2.3 pct, paring earlier losses (Adds CEO comments, analyst comments, share price)

British Airways owner IAG looks to short-haul for deals

Nov 02 2018

LONDON British Airways owner IAG , which has tried to take over Norwegian Air , said on Friday it regards the short-haul market as its best opportunity for consolidation.

Norwegian Air to update on fleet deal by year-end

Oct 30 2018

LONDON Budget airline Norwegian Air , which is in talks with an unnamed partner on a fleet joint venture, plans to provide an update on the deal before the end of the year and has "many interested parties", its chief financial officer said.

No-deal Brexit risks travel chaos, nightmare at airports - IATA

Oct 24 2018

LONDON A no-deal Brexit could wreak chaos for travellers and a nightmare at airports, global airline industry body IATA warned, calling on British and European Union aviation authorities to put in place a plan to avoid such a worst-case scenario.

Meggitt higher on upgrade to 2018 revenue growth

Oct 16 2018

LONDON British engineering company Meggitt raised its estimate for 2018 organic revenue growth to 7 to 8 percent from earlier guidance of 4 to 6 percent, boosted by higher demand for its wheels, brakes and other aerospace parts.

RPT-UPDATE 2-Meggitt higher on upgrade to 2018 revenue growth

Oct 16 2018

* Sees 2018 organic revenue growth at 7-8 pct, up from 4-6 pct

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