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Manufacturing
Typhoo Tea tumbles into administration after 120 years
Insolvency and Administration
The collapse follows several years of declining sales, mounting debts and even a break-in at its Wirral factory last year
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Nissan's '12-14 months to survive' amid search for investors, reports suggest
Automotive
The Japanese firm has been facing poor sales and has already announced plans to shed jobs
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Ford º£½ÇÊÓƵ calls for urgent government incentives to boost electric vehicle sales
By City AM
Ford º£½ÇÊÓƵ boss Lisa Brankin has said that the government needs to act fast on its proposed EV sales mandate and that incentives are "urgently" needed to avoid missing net zero targets.
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Aston Martin raises over £200m as it looks to recover from profit warnings
Aston Martin
The luxury car maker has secured £111million in equity from investors and £100m from secured notes which it intends to invest in its electrification strategy
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Vauxhall owner puts 1,100 º£½ÇÊÓƵ jobs at risk with plans to close major factory
By City AM
Stellantis, the parent company of Vauxhall, has announced plans to close its van manufacturing plant in Luton, putting 1,100 jobs at risk
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Boost for Nissan jobs as Business Secretary to announce consultation on electric vehicle targets
Employment
Nissan was among manufacturers lobbying the Government to relax the zero emission vehicle mandate and had warned over jobs and investment at its Sunderland plant
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Cranswick hails strong first half ahead of Christmas pigs in blankets surge
Company Results
The food business upgraded its interim dividend on the back of strong sales
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º£½ÇÊÓƵ faces 800 Ford job losses as company adjusts for electric vehicle market
Ford
The cuts will take place by the end of 2027
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Tekmar secures deals with £1.5m with projects in the Middle East
Deals
Work on the projects has already commenced and is expected to be completed in the current financial year
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Shipyard A&P Tyne completes work on submarine hunter components for Royal Navy
Maritime
The Tyneside firm has delivered four sections for Royal Navy’s Type 26 Ship 3, HMS Belfast.
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Cheltenham engineering group Spirax reports growth ahead of first half
Company Results
The listed company manufacturers steam management systems and other technologies
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Volex makes a second 'highly attractive' offer for TT Electronics, urging shareholder engagement
By City AM
The board of Volex has said that its second takeover proposal for TT Electronics is a "highly attractive" opportunity for TT Electronics shareholders, urging them to engage with the offer
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Somerset manufacturer strikes deal for Welsh tech firm with large diamond-turning facility
Technology
AIM-listed Gooch & Housego said the deal would extend its capabilities in the defence and aerospace sectors
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Sports nutrition group Protein Works makes biggest investment yet in £10m Mersey campus as it aims for £100m target
North West
CEO says move 'puts Protein Works on the map as one of the º£½ÇÊÓƵ’s most ambitious functional food brands'
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Tyneside engineers Houghton International chalks up record revenues ahead of US acquisition
Engineering
The company was run as a family business for 40 years until it was snapped up by IPS last year
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Vistry shares plunge as it reveals full extent of issues in South division
By City AM
Vistry shares plunged last month after it flagged a profit hit from costs being understated in its South division. It's now revealed the true extent of the losses
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JLR defies metal supply problems to see ‘resilient’ second quarter as electric vehicle push continues
Jaguar Land Rover
Jaguar Land Rover owner says second quarter saw issues with aluminium supplies
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Tata submit plans for £1.2bn electric arc furnace in Port Talbot
Swansea Bay City Region
Subject to planning it is expected to become operational in 2027
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º£½ÇÊÓƵ car giant Bentley extends electric vehicle strategy timeline to 2035 as first EV SUV is set for 2026
Automotive
Beyond100 push now rebranded as Beyond100+
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Newport-based Premier Forest Products boosted with new acquisition
Deals
It has acquired Essex-based Bitus º£½ÇÊÓƵ
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Rolls-Royce shares soar as firm reports robust demand but cautions on supply chain issues
By City AM
The FTSE-100 firm said it expected underlying operating profit of between £2.1bn to £2.3bn in the current year and free cash flow of £2.1bn to £2.2bn, unchanged from a prior forecast in August.
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Yorkshire electric bus importer brings hundreds of vehicles to º£½ÇÊÓƵ with £93.5m funding package
Automotive
Pelican Engineering Group has used bank funding to bring battery electric buses to the country from China
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40 new Tyneside jobs created as Curtis Instruments launches new base
Employment
The research and development centre in Hebburn has become the global firm's fifth
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Alloy Wire International celebrates record year in North America
Economy
Firm supplies 'exotic alloy' products to sectors including energy, automotive and space
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