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Brexit sending UK space firms out of orbit

UK companies are already starting to lose out on European space contracts as a result of Brexit, MPs have heard. Simon Henley, president-elect of the Royal Aeronautical Society – which represents professionals in the industry – said firms were missing out on bids on the Galileo satellite programme because …

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Gove faces fresh row as DEFRA director quits

Environment Secretary Michael Gove is facing a fresh row over his treatment of independent Whitehall directors after demanding that board members commit several days each week to their non-executive roles. Sky News has learnt that Steve Holliday, the former National Grid chief executive who is one of Britain’s leading …

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NHS overcharged by millions for key drug, says watchdog

Drug company Concordia overcharged the NHS by millions for a key thyroid treatment, the Competition and Markets Authority has provisionally found. The CMA said that last year the NHS spent £34m on its drug, liothyronine, up from about £600,000 in 2006.The amount the NHS paid per pack rose from …

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EasyJet profits fall after 'difficult year' for aviation

EasyJet’s profits have fallen during what the airline called a “difficult year for the aviation industry”.Pre-tax profits in the year to 30 September fell 17.3% to £408m, in line with guidance given last month. Passenger numbers rose 9.7%.These are the last results overseen by chief executive Carolyn McCall, who …

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US moves to block AT&T's takeover of Time Warner

The US Department of Justice has filed a lawsuit to block telecoms giant AT&T’s acquisition of Time Warner, the owner of CNN and HBO.The department said the merger would reduce competition and lead to higher consumer prices. AT&T vowed to fight the move, calling it a radical departure from …

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