The company said: "In the last few months, economic conditions have deteriorated and Russian trade sanctions have tightened, leading a number of customers to delay or cancel orders
particularly in our nuclear and energy and power systems businesses."
"The ability to cancel orders
would generally be seen as a pre-requisite for any kind of electronic trading," he added, pointing out that "This is going to be seen as a positive development everywhere.
A new telephone link is being set up to help patients' families cancel orders
ROLLS-ROYCE has dashed hopes for a return to growth next year after seeing customers delay or cancel orders
due to worsening economic conditions.
Alstom warned in its annual report that in addition to difficult market conditions, the uncertainties linked to its financial situation have led some clients to defer or cancel orders
United Parcel Service is understood to want to cancel orders
worth more than pounds 800mfor Airbus A300-600 aircraft.
A United Parcels ServiceAirbus 300-600 -it is reported that UPS wants to cancel orders
placed in 1998 worth more than pounds 800m for this model of the Airbus in what would be a blow for the consortium
The Saudis reportedly threatened to cancel orders
for Eurofighters if the inquiry over the Al Yamamah "slush fund" claims went on.
One CEO of a blue-chip car brand told me that the only customers they've seen had come to cancel orders
They complain of having to wait hours for goods to arrive, or are forced to cancel orders
because online firms cannot meet demand.