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Friday newspaper round-up: British Airways, Rolls Royce, TM Lewin

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05/07/2013
BA would resist higher passenger fees to fund new Heathrow runway; Rolls Royce accused of cutting corners on quality control; TM Lewin up for sale.

British Airways boss Keith Williams said the airline would resist higher passenger charges at Heathrow airport to fund construction of a third runway, The Times reported. Heathrow wants to construct a third runway but a dispute between the airport and airlines over how much they should charge passengers to use the UK hub is putting funding for expansion under threat.

Two former employees of Rolls Royce have accused the enginemaker of cutting corners on quality control requirements in a US lawsuit, according to The Telegraph.

Investment specialist Coller Capital has put shirtmaker chain TM Lewin up for sale just over a year after it underwent a major refinancing.

The Bank of England’s new Governor, Mark Carney, kicked off his Threadneedle Street revolution on Thursday by ruling out interest rate rises for years to come, hitting the pound but sending the FTSE 100 surging 3.0%, The Independent wrote.

Google has been warned by regulators it must provide more information about how it uses the data it collects about people or face legal action, The Telegraph said.

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