In 1992, British Aerospace recorded the biggest single asset write-off in UK corporate history. Yet, by 1999, it was able to acquire its largest national rival in a £7.8 billion deal.
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The House of Commons has been landed with a £10 million bill for damages after breaches of procurement regulations in the award of a contract for the new MPs’ offices at Portcullis House, according to a report from the National Audit Office.
Renewable electricity generators who want to apply for their output to qualify for an exemption from the climate change levy, due to be introduced on 1 April, must fill out an Ofgem questionnaire by 16 February. More information is available at www.ofgem.gov.uk.
The Better Payment Practice Group, which campaigns against late and bad payment, is holding “Collect the Cash” seminars across the country this month, covering invoicing and collection, encouraging prompt payment and overcoming delaying tactics. Tickets costs £12. For more details, call 020 7369 9333 or visit www.payontime.co.uk.
Proposed procedures obliging energy suppliers to commit to renewable contingency plans are a bureaucratic cost burden, according to a lobby group.
If the halted Welsh Assembly building becomes a private finance initiative project, Grosvenor Waterside, the landowner of the assembly site, could take over construction.
Manchester Airport is offering framework deals for construction consultants for work estimated at up to £1 billion over the next 15 years. Areas to be covered include quantity surveying, project management, architecture and landscape, and structural and mechanical engineering.
The NHS is to advertise its business case for a single Internet-enabled finance and e-procurement system in the Official Journal of the European Communities in late September. Responses will be due by January and the contract awarded by December next year.
Automotive electronics supplier TRW will invest £17 million and create 150 jobs at its Birmingham factory over the next two years. The plant, which already employs 650 people, will develop five new products for car makers.