TBM morning briefing: Oxford development | Aquila RAF system | Vistry profits

By Stephen Emerson

13 January 2022

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The company is targeting over 17,500 units (homes) in full year to end-December 2024

Oxford architect competition shortlist announced, Aquila's new RAF air coordination system goes live and Vistry expected to announce strong profits.

University of Oxford announces architect shortlist for new development,

The University of Oxford has shortlisted architect teams for the next round of its international competition to masterplan a £1 billion residential-led development at Begbroke Science Park in Kidlington.

The finalists are:

Allies and Morrison,

Mecanoo,

Gort Scott

DK-CM

Carlo Ratti Associati

Groupwork Architects

Tsuruta Architects

Grimshaw.

Hawkins\Brown

OKRA and RCKa

Prior + Partners

Alison Brooks Architects

Wilkinson

Eyre Architects and dRMM complete the shortlist, which was selected from 40 entries.

Disposable income outlook poor

Our baseline forecasts are for another strong year of consumption growth in the G7 in 2022. But real disposable income growth is set to be weak. So much depends on what happens to savings behaviour, about which there is great uncertainty: https://t.co/UhiDZlxYwb pic.twitter.com/zhHaK3x4Vy
— Oxford Economics (@OxfordEconomics) January 12, 2022

Aquila's air defence system goes live

Aquila Air Traffic Management Services air traffic control system has gone live to improve the safety of military flying operations.

The Fareham-based company has been working on the £1.5bn programme since 2014 after being awarded the contract by the Ministry of Defence.

Variations of the set up will be rolled out across more than 60 MoD sites in the UK and overseas by 2024, including Cyprus, Gibraltar and the Falkland Islands.The new equipment allows controllers improved situational awareness through upgraded radar and computer systems.

Strong profits expected at Vistry

Kent housebuilder Vistry Group is expected to announce a sizeable rise in pre-tax profits.

The company has made progress across all areas of the business, it said, with the significant benefits and opportunities of the enlarged group's market position being realised.It enjoyed strong demand across all areas during 2021, with the group's average weekly private sales rate per outlet increasing from 0.53 to 0.76.

Virgin Atlantic announces recruitment drive

Crawley headquartered Virgin Atlantic has opened applications to recruit 400 new cabin crew as the airline continues to replace staff let go during the Covid-19 pandemic. The roles will be part of an initial six-month fixed term contract.

By Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset.

Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users.

He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.