Business
Man arrested in connection with cyber-attack on airports
Imran Rahman-JonesTechnology reporter and
Joe TidyCyber correspondent, BBC World Service
Getty ImagesA person has been arrested in connection with a cyber-attack which has caused days of disruption at several European airports including Heathrow.
The National Crime Agency (NCA) said a man in his forties was arrested in West Sussex “as part of an investigation into a cyber incident impacting Collins Aerospace”.
There have been hundreds of flight delays after Collins Aerospace baggage and check-in software used by several airlines failed, with some boarding passengers using pen and paper.
“Although this arrest is a positive step, the investigation into this incident is in its early stages and remains ongoing,” said Paul Foster, head of the NCA’s national cyber crime unit.
The man was arrested on Tuesday evening on suspicion of Computer Misuse Act offences and has been released on bail.
The BBC has seen an internal memo sent to airport staff at Heathrow about the difficulties software provider Collins Aerospace is having bringing their check-in software back online.
The US company appears to be rebuilding the system again after trying to relaunch it on Monday.
Collins Aerospace’s parent company RTX Corporation told the BBC it appreciated the NCA’s “ongoing assistance in this matter”.
The US firm has not put a timeline on when it will be ready and is urging ground handlers and airlines to plan for at least another week of using manual workarounds.
At Heathrow, extra staff have been deployed in terminals to help passengers and check-in operators but flights are still experiencing delays.
On Monday, the EU’s cyber-security agency said ransomware had been deployed in the attack.
Ransomware is often used to seriously disrupt victims’ systems and a ransom is demanded in cryptocurrency to reverse the damage.
These types of attacks are an issue for organisations around the country, with organised cyber-crime gangs earning hundreds of millions of pounds from ransoms every year.
Days of disruption
The attack against US software maker Collins Aerospace was discovered on Friday night and resulted in disruption across many European airports, including in Brussels, Dublin and Berlin.
Flights were cancelled and delayed throughout the weekend, with some airports still experiencing effects of the delays into this week.
“The vast majority of flights at Heathrow are operating as normal, but we encourage passengers to check the status of their flight before travelling to the airport,” Heathrow Airport said in a statement on its website.
Berlin Airport said on Wednesday morning “check-in and boarding are still largely manual”, which would result in “longer processing times, delays, and cancellations by airlines”.
While Brussels Airport advised passengers to check in online before arriving at the airport.
Cyber-attacks in the aviation sector have increased by 600% over the past year, according to a report by French aerospace company Thales.
Business
Bonus, Dividend & Split: Power Grid, Godfrey, Garden Reach Among 40 Shares In Focus This Week
Last Updated:
Over 40 companies, including Bayer CropScience, Nuvama Wealth Management, and Power Grid Corporation, will see dividends, bonus issues, or stock splits.
Power Grid Corporation, Astral Ltd, Garden Reach Shipbuilders among 40 shares to trade ex-date this week.
Bonus, Dividend & Stock Split: Shares of several listed companies will remain in focus among investors this week for various corporate actions, including dividend, bonus and stock split. Between November 10 and November 15, 2025, more than 40 firms will trade ex-dividend and ex-date for bonus or stock split.
Among the big names, Bayer CropScience will distribute an interim dividend of Rs 90 per share, the highest in this round. Nuvama Wealth Management follows with Rs 70 per share, while Ajanta Pharma, Godfrey Phillips India, and Great Eastern Shipping will reward shareholders with Rs 28, Rs 17, and Rs 7.2 per share respectively.
Blue-chip firms like Power Grid Corporation, Astral Ltd, Garden Reach Shipbuilders, and Chambal Fertilisers have also declared interim dividends in the range of Rs 4.5–5.75 per share.
Other notable payers include Sasken Technologies (Rs 12), Garware Technical Fibres (Rs 8), Kaveri Seed Company (Rs 5), and D-Link India (Rs 6).
Infrastructure investment trusts (InvITs) such as PowerGrid InvIT, Indus Infra Trust, and Anzen India Energy Yield Plus Trust have also announced income distributions during the period.
Bonus And Stock Split Rush
Investors can also look forward to corporate actions like bonus issues and stock splits this week. Sampre Nutritions Ltd have announced a stock split from Rs 10 to Rs 5 face value and a 1:1 bonus issue. SMC Global Securities has also declared a 1:1 bonus issue, while Websol Energy System goes for a stock split from Rs 10 to Rs 1.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 09, 2025, 09:09 IST
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Scotland’s Finance Secretary has requested an urgent meeting with the Chancellor amid reports she will raise taxes in her Budget this month.
Shona Robison set out what she said were three tests Rachel Reeves must meet when she delivers her tax and spending plans on November 26.
They include ditching her fiscal rules and delivering investment “to grow the economy and support people with the cost of living”, ensuring “every penny” raised from any tax rises is reinvested in public services with consequential funding to Scotland and a promise the Budget will not amount to austerity and cuts for Holyrood.
It comes after a pre-Budget speech from the Chancellor in which she failed to rule out tax rises, warning she will have to make “necessary choices” after the “world has thrown more challenges our way”.
Reports later suggested the Chancellor could raise income tax. The Fraser of Allander Institute has estimated a 2p hike could cut Scotland’s budget by £1 billion.
The Finance Secretary said: “The Chancellor’s unexpected Downing Street speech has fuelled speculation and piled uncertainty on uncertainty about Labour tax hikes in the upcoming UK Budget, with a potential price tag of £1 billion for Scotland.
“Let me be clear: Scotland should not be left paying the price for Labour’s broken promises.”
Ms Robison said last year’s Budget was a “disaster” for the Chancellor, “taxing jobs, (the) vulnerable and doing nothing on child poverty”.
She said she had requested an urgent meeting with her, where she would set out her three tests.
She said: “This year, I am setting three tests the UK Budget must meet – and the first is that the Chancellor must ditch her outdated, restrictive fiscal rules. The era in which these rules were set is over and Rachel Reeves must face up to the new reality.
“And crucially, every single penny raised from any Labour tax rises must be invested into public services with consequential funding for Scotland.
“Rachel Reeves must also confirm that Scotland will not see our funding cut as a result of Labour decisions.
“They came to office promising an end to austerity, so to impose it on Scotland would be a political betrayal from which Labour would never recover.
“I have requested an urgent meeting with the Chancellor and will be clear to her that her Budget must meet these three key tests.
“But the chaos and confusion coming out of the UK Government this week is just confirmation that Scotland shouldn’t be leaving crucial decisions about our finances in the hands of incompetent Westminster governments – these decisions should be in Scotland’s hands, with the fresh start of independence.”
An HM Treasury spokesperson said: “Our record funding settlement for Scotland will mean over 20% more funding per head than the rest of the UK.
“We have also confirmed £8.3 billion in funding for GB Energy-Nuclear and GB Energy in Aberdeen, up to £750 million for a new supercomputer at Edinburgh University, and are investing £452 million over four years for City and Growth Deals across Scotland.
“This investment is all possible because our fiscal rules are non-negotiable, they are the basis of the stability which underpins growth.”
KARACHI:
The Karachi Chamber of Commerce & Industry (KCCI) and the Lahore Chamber of Commerce & Industry (LCCI) have agreed to strengthen cooperation for Pakistan’s economic revival.
During a meeting held at KCCI on Saturday, KCCI President Rehan Hanif and LCCI President Faheemur Rehman Saigol said that Pakistan had great potential despite facing serious challenges, but cautioned that poor policies and neglect of the private sector could make the economic situation worse.
Saigol stressed that Pakistan’s economy continued to survive only because of its immense potential as the country was blessed with abundant natural and human resources not found elsewhere in the region. However, he lamented that “the real problem lies in mismanagement of these resources”.
“With a population of 240 million, Pakistan has a huge consumer market. However, instead of promoting local industries and encouraging import substitution, our policies have increased the country’s trade deficit,” he said.
The LCCI chief explained that the main purpose of his visit to KCCI was to ensure that business communities of Karachi and Lahore were on the same page. “Our strength lies in securing a rightful share in policymaking. Legislation must be framed in consultation with the business community, which is the actual stakeholder and understands how tax collection targets can be effectively achieved,” he said.
He invited KCCI office-bearers to visit LCCI, stating that such an exchange would help establish a historic and much-needed liaison between the two leading chambers. “Only through a unified voice, we can expect to get our issues resolved,” he affirmed.
Businessmen Group Vice Chairman Anjum Nisar emphasised that a unified stance would compel the government to address legitimate concerns.
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