Plans for reconstruction of the World Trade Center site have been dealt a severe blow following a legal ruling this week that the 11 September terrorist attacks constituted a single event, not two separate catastrophes. Site owner and developer Larry Silverstein had argued that the attacks were two events, entitling him to a double payment of $3.5bn (£1.94bn). But the terms of Silverstein's insurance with Swiss Re defined the twin attacks as a single event. There are fears that the massive insurance payout shortfall will make it impossible to realise current plans for site.
British Nuclear Fuels is to create a stand alone company to take advantage of a growing worldwide nuclear clean up market worth £3bn a year.
Lawrie Haynes, former chief executive of the Highways Agency, will head the British Nuclear Group.