Flying taxis are set to become a reality in Britain, as Vertical Aerospace announces plans to establish a major production site capable of building 700 battery-powered air taxis per year.
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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,
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 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
British defence contractor Babcock International has reported a substantial surge in profits, marking what its chief executive calls “a new era for defence”. The company’s shares climbed more than 13
Jaguar Land Rover has downgraded its earnings forecast and cashflow expectations for the current financial year, citing global uncertainties and the looming threat of President Trump’s tariffs. The luxury automaker
Britain’s largest producer of carbon dioxide, essential for operating theatres and the food and drink industry, has issued a stark warning of “imminent” closure following the recent US-UK trade agreement.
Three out of five British companies have reported that increasing and volatile energy costs are severely hampering their growth strategies. A recent survey conducted by EY, the professional services firm,
British defence manufacturing is poised for a significant transformation as BAE Systems announces plans to dramatically increase domestic explosives production, reducing dependence on American and French ammunition supplies. The strategic
The dramatic scenes unfolding in Britain’s steel sector paint a stark picture of industrial decline, with rising energy costs at the heart of the crisis. The closures of Port Talbot
The picturesque countryside of Wiltshire has been the unlikely backdrop for a remarkable corporate resurgence at Avon Technologies. Once nearing collapse, the company has transformed under the leadership of Chief
British Steel has announced the potential closure of its two blast furnaces at the Scunthorpe site, a move that could result in the loss of up to 2700 jobs. The
A groundbreaking development in British aerospace engineering is poised to transform the aviation sector as Hybrid Air Vehicles (HAV) advances its plans to manufacture the world’s largest aircraft. The Bedford-based
The British government has expedited its £2.5 billion investment strategy for the domestic steel industry following Donald Trump’s declaration of 25% tariffs on steel and aluminium imports to the United
