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Industrial
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…
Bidders Prepare for Brookfields GBP 12bn Sale of PD Ports
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…
Labour Unions to Push for Pay Restoration Deals in Public Sector
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 sole steel mill closes amid surge of Chinese imports
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…
UK Ministers to reject £200mn loan for Titanic maker Harland & Wolff
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…
London Gateway to surpass Felixstowe in UK’s largest port
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…
Maersk’s profits plummet as Houthi attacks on the Red Sea take their toll
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…
Profit margins double at high-flier Rolls-Royce
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.…