Sir Richard Branson’s Virgin Orbit was scrambling on Tuesday to untangle the causes of its failed attempt to put satellites into orbit from Cornwall in south-west England.The launch late on Monday evening was meant to have been a historic moment for Britain, which was aiming…

Airbus has retained its crown as the world’s biggest jet maker for the fourth year in a row ahead of US rival Boeing even as supply chain snags following the pandemic meant it delivered fewer planes than planned in 2022. The European group said it…

The Elliott Management investor behind activist campaigns at UK healthcare giant GSK and Germany’s Fresenius has left the £55.7bn hedge fund, adding to an exodus of senior figures in its London office.Sebastien de La Riviere, who had worked in Elliott’s London office since 2008, left…

Goldman Sachs has embarked on its biggest cost-cutting exercise since the financial crisis, with the Wall Street bank reviewing spending on everything from its private jets to expenses at a new technology and consumer unit.The spending review comes as Goldman starts to implement more than…

Almost one in four of the UK’s small companies could be forced to close, downsize or restructure their operations after the government slashed subsidies for companies’ energy bills, a business lobby group warned on Tuesday.The Federation of Small Businesses (FSB) estimated many small companies will…

Space is the one area of business where even the sky isn’t the limit. An oft-quoted estimate reckons the industry could reach $1.1tn in annual revenue by 2040. But costs and risks are hefty too, as the failure of Virgin Orbit’s UK satellite launch underlined.Such…