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Business News for 6 May 2008

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Bank of England will keep interest rates on hold at 5%, analysts predict

May 6 2008

CITY analysts believe the Bank of England’s Monetary Policy Committee will not cut interest rates on Thursday, despite grim economic forecasts....

THOUSANDS of manufacturing jobs will be lost because of the worsening economic outlook, a report said today.

May 6 2008

The confidence of manufacturing firms has been “dented” by the economic slowdown, with expectations for output generally gloomy, especially in the South, said the CBI....

THE UK’s second-largest airport operator has signalled it would be interested in buying Gatwick Airport if its Spanish owner was forced to sell it.

May 6 2008

Geoff Muirhead, chief executive of Manchester Airports Group (MAG), said the company would consider buying any assets that were put up for sale by BAA....

THE world’s second- richest man, Warren Buffett, is considering bidding for Royal Bank of Scotland’s insurance business, it has emerged.

May 6 2008

The so-called Sage of Omaha said his Berkshire Hathaway investment company would look at RBS’s insurance unit....

Superjumbo customers ‘told to expect delays’

May 6 2008

AIRCRAFT maker Airbus faces more productions delays to its A380 superjumbo and may miss its target of delivering 25 of the massive jets next year....

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