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Rolls-Royce suffers cash drain from jet, Brexit bottlenecks

Bloomberg Rolls-Royce Holdings Plc’s cash outflow ballooned in the first half as a bottleneck in plane deliveries at Airbus SE and Boeing Co reduced engine revenue and stockpiling for a no-deal Brexit led to a buildup of parts. Europe’s biggest jet-engine maker posted negative underlying free cash flow of $522 million for the six months, almost six times the level ...

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Delhi’s IGI airport to handle 100mn passengers by 2022

NEW DELHI / WAM The major airport in the Indian capital will be equipped to handle 100 million passengers per annum (MPPA) in the next three years, ANI reported. The expansion works of Indira Gandhi International (IGI) Airport will also enhance the airside capacity to handle 140 MPPA. In the last decade, the Air Traffic Movements and passenger numbers have ...

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Marks & Spencer loses ‘value’ on Ocado jitters

Bloomberg Marks & Spencer Group Plc investors are increasingly pessimistic about the UK retailer after it announced a joint venture with tech startup Ocado Group Plc to deliver grocery orders in the UK and boost its food business. M&S shares have fallen 34 percent since the company said that it will finance the deal with a rights offer and dividend ...

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