It is a double blow for Britain and Europe's biggest defence company which had hoped a win in the UAE would solidify its position as one of the biggest suppliers of combat aircraft to the Gulf region.
... Print. * Dow ends at second straight record high. * Oracle rallies after results; Red Hat up late. * U.S. jobless claims near 9-month high; home resales slide.
The UK tax authority "seems to lose its nerve" when chasing multinational companies for owed tax, the head of a committee of MPs has said.
EY, which used to be called Ernst & Young, will feel little financial pain from shelling out �1.2m in fines and costs in the case of Farepak, the Christmas hamper savings club that collapsed in 2006.
The future of one of Britain's largest coal-fired power stations hangs in the balance, after it was told it would not get an early subsidy for its �750m coal-to-biomass conversion plan.