The British chemical industry faces an existential crisis as a leading credit insurer deems the entire sector “very high risk” amid unprecedented rises in energy costs and a surge in
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Apple has announced a substantial new investment of $100 billion in United States manufacturing as the tech giant seeks to offset the consequences of President Donald Trump’s intensifying trade tariffs.
The automobile industry faces mounting challenges as confusion surrounding the electric car grant scheme potentially threatens manufacturers’ ability to meet the government’s electric vehicle mandate requirements this year. Mike Hawes,
AstraZeneca has announced an ambitious plan to invest £50 billion in the United States by the end of the decade. This significant move is expected to bolster the company’s manufacturing
President Trump has escalated his efforts to encourage pharmaceutical companies to shift manufacturing to the United States by threatening to impose tariffs on the industry. He announced plans to introduce
The parent company of McVitie’s and Jacob’s, Pladis, has announced a £68 million investment into its UK operations in a bid to drive significant growth. The funds will be focused
Ministers are poised to intervene in the potential rescue of another major steel facility as Speciality Steel UK (SSUK) faces a critical insolvency hearing next week. Business Secretary Jonathan Reynolds
The British government has announced stringent measures to curb steel imports, implementing a dramatic reduction in growth allowance from 3% to just 0.1% year-on-year. This decisive action, spearheaded by Business
The Business Secretary Jonathan Reynolds has received assurances regarding the future of Lotus’s Norfolk manufacturing facility following crucial discussions with its Chinese proprietor over the weekend. The talks arose amid
The British government has thrown its weight behind Rolls-Royce’s ambitious plan to dominate the £1.6 trillion market for short-haul aircraft engines, offering potential taxpayer support for its next-generation jet engine
The future of Britain’s premier bioethanol facility hangs in the balance as Associated British Foods (ABF) signals potential closure of its Hull-based Vivergo plant by September, threatening 160 jobs amid
Lord Rothschild’s cable manufacturing enterprise Volex has reported a remarkable 25% increase in profits, driven by soaring demand for its electric vehicle chargers. The company’s financial performance exceeded management’s previous
In a significant development for the UK automotive sector, Chinese manufacturer Chery Auto is evaluating plans to establish its second European manufacturing facility in Britain. The announcement comes as the
In a significant policy announcement, Sir Keir Starmer has unveiled Labour’s comprehensive industrial strategy, marking the first such initiative since Theresa May’s government. The 160-page document outlines an ambitious ten-year
The co-founder of Raspberry Pi and his finance chief have collectively realised over £2 million from their shareholdings following the expiry of their lock-up agreements. Eben Upton, who serves as
British manufacturers are abandoning the United States as an export market, marking a significant shift in global trade relations. The US has dropped out of the top three global regions