Airbus Group will combine its defence and space activities in one division with Airbus Military transporters

Focus is increasingly on T20 slog-fest which is making money – but not quality cricketers

The John Lewis Partnership is as bourgeois as summer holidays in Provence

Improve NHS efficiency drastically or face boom in national debt burden, Government forecaster warns

As bosses' bonuses soar and MPs' salaries look set to rise, Ben Chu asks why everyone else still lives in wage-freeze Britain

A generous new contract for hospital consultants provided “poor value for money” because it did not require them to work in the evenings and at weekends, public spending watchdogs said on Tuesday.

TM Lewin, the 115-year-old City shirtmaker, could go up for sale for as much as £100m, having spoken to potential advisers over strategic options for the business.

There appears to be growing consensus that GM is safe and the benefits huge

Ryanair has set out plans to return €1bn (£850m) to shareholders over the next two years, hours after confirming a massive order for planes worth almost €16bn at list price.

Balfour Beatty has snaffled a £56m highways contract in Qatar.

Economic view

Workers settling for less just to stay in a job, survey claims

Outlook Welcome to low-wage Britain. The Institute for Fiscal Studies and the TUC don't have a lot in common, but they've both come up with studies that ultimately have rather similar conclusions.

France faces a deeper than expected recession this year and must overcome "critical obstacles" to improve competitiveness, the International Monetary Fund warned yesterday.