He is joining a consortium behind Oneweb that also includes Bharti Global. It is part of efforts to create a home-grown alternative to the US military’s GPS service and Europe’s Galileo programme.
Dozens of Britain’s biggest listed companies have cancelled, deferred or delayed payouts after the pandemic threw their businesses into disorder, striking a blow to pensioners and savers.
Investors took flight from airlines and tour operators after the Government removed Spain from the quarantine-free list with just a few hours’ notice. And thousands have cancelled trips.
Italian-born Stefano Pessina built the £26billion empire through a series of deals over four decades, and took the top job in 2015 shortly after the merger of Walgreens and Alliance Boots.
Prices tore past the 2011 peak of $1,921 per ounce – reaching as high as $1,939.63. Gold has risen by around 28 per cent so far this year as the pandemic sent stock markets into turmoil.
The taxman will receive £400m from oil and gas projects in 2020-21, the Office for Budget Responsibility said in its latest outlook. This is down from a forecast of £700m in the March Budget.
One worrying parallel with the financial crisis is that taxpayers are on the
hook for billions of pounds of potential losses again, just as we were back then.
Analysts have pushed back forecasts from early 2023 to late 2024, after data showed wary Britons spent less than expected on the High Street and at restaurants once lockdown began lifting.
This was down from 160 in the second quarter of last year. Airlines think it will take until at least 2023 for passenger numbers to reach 2019 levels – making them hesitant to invest in new planes.
KKR, Carlyle and Blackstone are understood to be vying for ITP Aero, which makes parts for the Eurofighter Typhoon jet. A sale of ITP has been rumoured to be happening for several weeks.