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CEO predicts downturn_3


Oracle is unlikely to meet its earnings target for the quarter to 30 November, its chief executive has warned. Larry Ellison predicted earnings could be down by 10-15 per cent as customers are significantly delaying orders in the current economic climate. www.oracle.com
Defence collaboration_3


Defence companies from six European countries have joined forces to develop technologies for combat aircraft. The British, French, German, Spanish, Italian and Swedish governments will invest £92 million over the next three years in the project.
Moai merger announced_3
Firms may head abroad_3


A quarter of UK manufacturers are considering locating production overseas, according to Martin Temple, director-general of the Engineering Employers’ Federation (EEF).
Contract negotiations_3
Q: Our clients in the construction industry often impose contract price adjustment (CPA) clauses on us, but many of our suppliers will not accept similar terms from us. What should we do?
Westland Horticulture_3


Contract claim denied_3


The Renewable Energy Company (REC) has failed to stop a contract allowing London Electricity to supply power to all of Thames Water’s sewage works and pumping stations.
Future bleak for yard_3


The UK business of shipyard group Cammell Laird still has no buyers, its receiver PricewaterhouseCoopers (PwC) has admitted. Its sites will close if none are found in the next few months and no new business from the private or public sector has been secured. PwC says the UK operations, which are to shed 350 further jobs in the coming weeks, could be sold to several buyers.
IBM launches platform_3


IBM has launched a broad e-business platform to enable firms to conduct transactions and data transfers with clients using different applications. Web Services is a joint project between its WebSphere, Tivoli and Lotus units, positioned as an alternative to Microsoft’s recently-introduced Windows-based .Net platform.
Nuclear ruling sought_3


Scottish Power is taking British Energy and Scottish and Southern Energy to court, in a bid to rewrite the Nuclear Energy Agreement (NEA).
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