Industrial

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…

As Canadian owner Brookfield Asset Management readies for the auction of Teesside-based PD Ports, potential bidders are lining up for the £1.2 billion sale. The ports operator, which employs 1,400 staff across 11 UK locations, has caught…

The Trades Union Congress (TUC) is preparing to vote next month on a motion aimed at making "pay restoration" deals a key focus in their campaigns with the Labour government. These deals are intended to provide above-inflation pay increases…

Chile's only steel mill announced that it would close due to competition from cheap Chinese imports. This is a major blow to the government of the country, which had placed tariffs on China in an attempt to save the company earlier this…

Harland & Wolff is asking the Labour government to reject a £200mn request for a loan guarantee. This will remove a vital lifeline that was being offered to this troubled shipbuilder in its quest for desperately needed funding. The…

Opening a fourth berth on the north side of the Thames at London Gateway next month will be the start of a fierce maritime battle with Felixstowe for Britain's top port. London Gateway, in a fight that pits the industrial and financial…

AP Moller Maersk has seen profits plummet as the shipping industry calculates the costs of disruption caused by Houthi incursions into the Red Sea. The world's largest shipper said the expected losses would be lower than originally…

Rolls-Royce's turnaround has been hailed as the fastest in British corporate history. Tufan Erginbilgic has been the chief executive for nearly 14 months. He also promises to increase profits and cash flows every year over the next four.…

Bunzl, world's largest distributor of workplace products, reported that a decline in revenue due to a drop in prices, currency fluctuations and disposals, accounted for an 8.8 percent fall. The shares of the £10 billion firm fell 133p,…

Barratt Developments' chief executive has warned that it will take at least two more years for the new home market to recover. The UK's largest housebuilder is cutting back on land purchases and pausing share buybacks in order to conserve…

Cornish Lithium, a UK-based lithium project developer, has warned it may go bankrupt if it does not secure a £10mn injection of cash by the end of next month. The private company that aims to manufacture the battery metal in Cornwall…