(Sharecast News) - European plane maker Airbus reported a steep fall in second-quarter profit after a massive write down of its space business of almost €1bn.

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(Sharecast News) - The Chancellor's first day at work saw staffers deliver a blunt summary of the realities facing her department. The biggest surprise was the rapidly growing £4bn annual bill for housing illegal immigrants. Reeves was also told of the inflation-busting public sector pay recommendations from pay review bodies for multiple key sectors, including teachers and NHS staff. The briefings left her infuriated at how the Tories had been playing with the theme of tax cuts despite the presence of a "gaping black hole" in the public finances, a senior government source said. - The Sunday Times

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(Sharecast News) - Analysts at Bank of America kept their recommendation for shares of Airbus at a 'buy' following news that it had acquired the operations of Spirit Aero linked to its jets.

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