Chancellor of the Exchequer George Osborne had been predicting about 7 percent more income tax this year. Photographer: Simon Dawson/Bloomberg.
The Office of Rail Regulation (ORR) has delivered a withering verdict on Network Rail's performance covering April-October 2014.
Rolls-Royce will supply engines for short- and long-haul Airbus A350 long-haul planes. Photograph: Eric Feferberg/AFP/Getty Images.
Chancellor George Osborne today suffered an embarrassing slap-down at the European Court of Justice when his legal challenge to new curbs on City bonuses was rejected.
LONDON--Hobby products firm Hornby PLC (HRN.LN) Friday said it more than halved its first-half pretax loss, as sales of model trains rose 18% boosted by a new range of products, including the 'P2' and Flying Scotsman train set.