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business updates on uk firms and economic challenges march 24
British engine maker Rolls-Royce is looking to expand its U.S. manufacturing to counter rising global tariffs. Meanwhile, Santander-backed Ebury's London listing faces uncertainty amid market volatility, and Heathrow airport has resumed normal operations after a recent power cut. Ocado has scaled back its diversity targets, and Thames Water struggles to attract new investors due to challenges in asset record accuracy, despite a £3 billion debt bailout. Finance Minister Rachel Reeves is considering over £2 billion in spending cuts, including 10,000 civil service job reductions, to reallocate resources to frontline services.
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