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‘Saab could join UK-led fighter plan’

Bloomberg Saab AB, maker of the Gripen warplane, said it’s interested in joining a UK-led project to develop a cutting-edge combat aircraft that would be a mainstay of defense programs in two decades time. While Saab is also evaluating a rival Franco-German fighter plan, the Tempest programme funded by Britain’s Ministry of Defence and including BAE Systems Plc and Rolls-Royce ...

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AirAsia A330 order helps Airbus survive death match with Boeing

Bloomberg Airbus SE managed to stave off a devastating blow to its struggling A330neo widebody program from chief rival Boeing Co., securing a commitment for 34 more planes from the aircraft’s biggest customer, AirAsia Group Bhd. While the $10 billion order from the Malaysian airline’s long-haul arm ranks among the larger deals announced at the Farnborough air show this week, ...

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Sports Direct tumbles as Debenhams bet backfires

Bloomberg Sports Direct International Plc investors have been left counting the cost of billionaire founder Mike Ashley’s wheeling and dealing. The UK sportswear retailer reported a 73 percent decline in full-year pretax profit. The drop was mainly due to a one-time charge of 85.4 million pounds ($111 million) related to its investment in struggling department store chain Debenhams Plc. Sports ...

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