1. Rolls-Royce new engine "history in the making" for aviation
UltraFan is said to deliver a 10% efficiency improvement on its current Trent XWB, which it says is the most efficient large aero engine currently in service.
2. BT to axe up to 55,000 jobs by the end of the decade
The telco said the reductions, which include up to 42% of employees and third-party contractors, would be completed between 2028 and 2030.
3. Royal Mail parent swings into red as strike action eats into profits
Strike action at Royal Mail saw reported losses at its postal delivery arm top £1bn, prompting the firm to write down the value of this division.
4. easyJet says strong bookings expected to accelerate recovery
The budget airline posted half-year results showing a headline loss before tax of £411mln, down from £545mln a year ago.
5. FTSE 100 regains ground at the close
The FTSE 100 regained a bit of ground at Wednesday's close, finishing 0.3% higher at 7,742 points