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GE scraps ambitious India target

General Electric India is resetting its targets from the ambitious $8bn in revenue a year goal by 2010 it forecast three years ago, as it juggles businesses affected by the global slowdown

Douglas quits as O’Rourke stays on

Tony Douglas, who was due to take over as chief executive, has resigned as chief operating officer of Laing O’Rourke after Ray O’Rourke cancelled his plans to step down from the job in August

G4S seeks to secure Chinese acquisitions

The Anglo-Danish group – which guards nuclear weapons establishments, manages prisons and clears landmines – plans to spend about £100m a year in developing and developed markets

IMI shares jump on improved margin guidance

The pumps and drink dispensers supplier said cost cuts and producing more in low-cost countries meant it would beat margin and profits targets

Carr’s Milling profits slide

Profits fell at Carr’s Milling Industries after the fertiliser division that gave a significant boost 12 months ago fell into the red this year

Zytek poised for £4.5m injection of funds

The government is poised to invest £4.5m in a project to develop a small electric vehicle produced by Zytek Automotive Technology and Gordon Murray Design

BAE looks to fighter jets for growth

Europe’s biggest defence contractor has invested about £80m in the Samlesbury site in Lancashire, and plans to invest 10 times that amount as it works its way to the full production rate of one F-35 Joint Strike Fighter a day by 2016

Midlands looks for respite from recession

Part of the role of a new £40m Manufacturing Technology Centre will be to shore up a sector hit far worse by the downturn than forecasters expected. The damage has been particularly seismic in the manufacturing heartlands of the Midlands

Reliance looks to buy assets of bankrupt LyondellBasell

Reliance Industries, controlled by Mukesh Ambani, India's wealthiest man, is considering buying assets belonging to LyondellBasell, the bankrupt international...

Affordable home starts to drop by one third

Construction will start on a third fewer social homes next year, in a vivid sign of wider impending restraints on government spending. The news comes as the country's...

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