Bloomberg Lockheed Martin Corp. has outlined plans to build a satellite factory in the UK, which would be its first such facility outside of the US, according to a report in the Telegraph. The Maryland-headquartered defence company has been looking into suppliers around the northern city of Newcastle, an emerging hub for space technology, said the company’s UK Chief Executive …

  Bloomberg British supermarket chain Morrisons said it would cut prices across many of its own-brand products to help consumers squeezed by the cost of living crisis. The move, which Morrisons said would cost $30 million, will reduce prices by an average of 19% on items including potatoes, coffee and rice. The company has invested £148 million in cutting the …

  Bloomberg Amancio Ortega, the billionaire founder of the Zara clothing chain, pulled out of a 550 million euro ($588 million) deal to buy the Dublin office development that forms part of Meta Platforms Inc.’s European headquarters, the Sunday Times reported. Meta signed a 25-year lease on the Fibonacci Square complex in 2018 and agreed to pay an annual rent …