Browsing Category
Manufacturing
Britain Prepares to Ease Electric Vehicle Sales Rules as Industry Faces Crisis
The UK government is poised to modify regulations governing the electric vehicle (EV) market amid mounting pressure from manufacturers claiming current sales quotas are pushing the industry towards a breaking point. Transport Secretary…
British Steel Confirms Extended Operations at Scunthorpe Beyond Christmas Period Despite Industry…
British Steel has announced its commitment to maintain blast furnace operations at its Scunthorpe facility beyond the Christmas period, marking a significant development in ongoing discussions regarding government support for…
Continental Cuts Sales Forecast Again as European Tyre Demand Slumps
German automotive supplier Continental has reduced its sales guidance for the second time this year, citing weakening tyre demand across Europe and North America. The Hanover-based manufacturer now projects sales between €39.5 billion and…
Aston Martin Burns Through 1 Million Pounds Daily as Production Targets Fall Short
British luxury automaker Aston Martin Lagonda continues to face significant operational challenges, with the company reporting persistent losses and declining performance across key metrics. The iconic manufacturer is currently consuming…
Boeing wants to raise another $19bn from investors
Boeing, the struggling American aircraft manufacturer, has asked investors to inject about $19 billion in order to boost its balance sheet, and to protect its investment grade credit rating from falling to junk status.
After reporting a…
Mondi completes €634m deal with German rival
Mondi, a FTSE 100 packaging company that failed in its bid to acquire UK rival DS Smith has acquired a German competitor.
It has acquired western European assets from Schumacher Packaging. This family-run company is based in Germany’s…
Businesses say that budget uncertainty is impacting the UK economy.
Two separate surveys of businesspeople indicate that uncertainty ahead of Labour's first Budget since 2010 next Month is impacting the UK economy. S&P Global, a data company, said that the UK private sector growth in September slowed…
US tech giant Intel halts construction of €30bn German Microchip Factory
Intel has cancelled plans to build a €30bn microchip plant in Germany, a blow for Europe's technological plans. The US chipmaking company said that it would postpone construction of a site in Magdeburg for around two years and also a…
Electric Car Sales Surge in August Bucking Overall Market Trend
In a surprising turn of events, electric vehicle (EV) sales in the UK saw a significant uptick in August, defying the overall downward trend in the automotive market. According to the latest figures from the Society of Motor Manufacturers…
Chinese Electric Vehicle Sales Falter in Europe as EU Tariffs Take Effect
The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market share of Chinese EVs…
UK Manufacturers Urge Government to Develop Comprehensive Industrial Strategy and Address Brexit…
The UK manufacturing sector is calling on the government to prioritise the development of a comprehensive industrial strategy to attract investment and mitigate the damage caused by the Brexit deal. Make UK, a prominent trade body…
Pound Surges as UK Firms Record Fastest Growth in Four Months
The pound has reached a 13-month high against the dollar, trading at $1.3118, as British companies reported their fastest growth in four months during August. According to the latest S&P flash survey of purchasing managers, factors such…
Royal Mint opens a factory in South Wales to recover gold from electronic waste
The Royal Mint unveiled an "innovative" factory which will recover gold from electronic scrap, allowing the manufacturer to create a sustainable source of precious metals for its luxury jewellery collection.
The factory, located in south…
The UK’s declining naval power is reflected in the struggles at Belfast’s Titanic…
Harland & Wolff shipyard, Belfast, is known for building the Titanic. It was the largest passenger vessel of its day before it struck an iceberg during its maiden voyage over the Atlantic. Things have changed since 1912. Samson, the…
Boeing deal threatens 2,400 jobs in UK factory
After the split of Spirit AeroSystems by Boeing and Airbus, the future of a British aerospace facility is uncertain. Up to 2,400 jobs are at risk.
The future of the Belfast factory is in danger because a large part of Spirit's Belfast…
Supplier to Boeing warns against breaking up of Northern Ireland facility
Spirit AeroSystems UK's head has warned that the possible break-up of their Northern Ireland operations, in the event of sale, would be "extremely damaging" to the future of the company and the aerospace industry of the region.
After…
Aston Martin says new models will drive profit after sales fell
Aston Martin Lagonda's first-quarter sales have been slow, but the group says that four new models or refreshed versions released this year will allow it to achieve revenue and profit goals over the next two decades.
London's sole listed…
Britain restricts quantum computer exports due to fears of foreign military use
As a result of growing concerns about the potential weaponisation of this technology by foreign militaries, the government is taking action against exports to foreign buyers.
Exporters are prohibited from selling powerful Quantum…