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Manufacturing

Factory extension at fibre manufacturer Saffil is set to be approved
North West
Plant on Sullivan Road in Widnes manufacturers and distributes inorganic fibres for high temperature use
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Rolls-Royce now worth more than £70bn as shares continue to rise
By City AM
Shares in the FTSE 100 giant ended Thursday, 22 May, priced at 839p which has given it a market capitalisation of £71bn
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Farnborough-based Qinetiq celebrates share rise with new £1.5bn MoD deal until 2033
By City AM
The company's Long Term Partnering Agreement (LTPA) with the º£½ÇÊÓƵ government will now run to 2033 after being extended by five years, it said on Thursday.
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Missile manufacturer MBDA announces £200m investment and 700 new jobs in Bolton
North West
Move is part of a £500m commitment from the European defence company to expand its º£½ÇÊÓƵ operations
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Revenue and profits jump at subsea tech specialist SMD on the back of electrification strategy
Company Results
The firm is due to open a new production and servicing facility in September
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Potential rescue buyer found for Speciality Steel º£½ÇÊÓƵ, court hears
Industrial
The Rotherham and Sheffield-based company is at risk of being wound up
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Stelrad confident for future despite global steel market uncertainty
Company Results
Stelrad CEO Trevor Harvey will tell shareholders at the AGM that the firm remains confident in its ability to deliver further progress
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New £35m cement terminal set for Liverpool's Gladstone Dock aims to support region's growing construction sector
North West
New import facility designed to support building firms and help to reduce carbon emissions.
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Supermarket supplier Cranswick hails strong year after investing £138m across its business
Food and Drink
Cranswick also announced it had completed the £32m acquisition of Newcastle-under-Lyme sausage maker Blakemans last week
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US tariffs 'posed existential threat' to West Midlands car makers - minister
West Midlands
Exports minister says he hopes manufacturers in the region will be reassured by new deal as conversations continue over new transatlantic trading relationship
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Nissan boss suggests º£½ÇÊÓƵ plant could produce cars for Chinese brand
Manufacturing
Newly installed Nissan chief executive Ivan Espinosa said "everything is open" when asked if the manufacturer could team up with Chinese state-owned firm Dongfeng at the Wearside plant
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Rolls-Royce's shares hit record high as FTSE 100 group edges towards £70bn valuation
By City AM
The Derby-headquartered group achieved a new record high share price on Thursday, 15 May, meaning it finished the day with a market capitalisation of £69.1bn, the largest in its history
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Sunday Times Rich List: Wealthiest people in the South West revealed
Professional Services
Electricity and finance leaders see their wealth soar
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Manchester United’s Sir Jim Ratcliffe still North West’s richest man as young entrepreneurs join Sunday Times Rich List 
North West
Retail entrepreneurs on famous list include 'richest person in Liverpool history'
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ITM Power strikes deal to supply 300MW of electrolysers to overseas power plant
Deals
The major project has received funding approval from the local authorities
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JLR posts highest profit in a decade
Jaguar Land Rover
Car maker enjoys healthy sales and profits
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Bilfinger secures major contract to expand Mitsubishi Chemical's Saltend production
Industrial
Expanded Soarnol production is coming to the park, east of Hull
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Bilfinger grows in hydrogen and gas sector with deal for nZero Group – as NVM exits
Climate Agenda
Group has bases in Cheshire, Bristol and Staffordshire
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Nissan to shut seven factories and axe 20,000 jobs as losses top £3.4bn
Automotive
The Japanese car giant has endured a tough few years, with a number of financial losses prompting major restructuring plans
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Call for ‘new industrial strategy’ to help North and Midlands firms grow exports and close gap with London
Exports
Airports group MAG and the Growing Together Alliance launch º£½ÇÊÓƵ Trade Barometer
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Multimillion-pound job creating expansion set for County Durham food producer Moguntia
Food and Drink
The family group celebrates its 122th anniversary this month and is confident its products have reached the majority of º£½ÇÊÓƵ households
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º£½ÇÊÓƵ-US trade deal provides 'much-needed certainty' - West Midlands business leaders react
Manufacturing
The news that import tariffs on vehicles going into the US have been dropped to ten per cent has been seen as a major boost to the West Midlands manufacturing sector
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Greater Manchester Chamber of Commerce hails º£½ÇÊÓƵ-US deal – but says more details needed after months of 'turmoil'
North West
Interest rate cut also welcomed
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Aston Martin stock soars as US eases car tariffs ahead of trade deal with º£½ÇÊÓƵ
By City AM
The FTSE 250 stock was up ten per cent in the early afternoon, after reports that US car tariffs on the º£½ÇÊÓƵ would ease.
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