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Manufacturing

Advanced manufacturer Axiom upbeat on revenue growth
Manufacturing
The Newbridge-based firm is forecasting double digit growth this year on the back of investment and new order wins
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Gestamp Tallent stems losses at North East operation as supply challenges ease
Company Results
The specialist metal components supplier said it had invested more than £12m in its º£½ÇÊÓƵ operation
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Filtronic installs two production lines at North East base ahead of new factory
Technology
The move is to cater for increased demand created by recent contract wins
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Hygiene products firm Essity hails profitable growth across third quarter
Company Results
The Swedish consumer goods manufacturer has a number of sites across the North of England and Wales
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£15m investment sees Pure Pet Food gear up for expansion
Deals
The West Yorkshire company is looking to grow both in the º£½ÇÊÓƵ and into new markets
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North East automotive suppliers report mixed results as sector challenges ease
Automotive
Makers of components for major car brands reported softening of the global semiconductor supply challenges that have dogged the sector
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Italian firm to build £1.2bn new electric arc furnace at Port Talbot
Manufacturing
Tenova will deliver the new electric arc furnace following the ending of blast furnace steel making at Port Talbot
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Tarmac sheds jobs as turnover at building materials giant hits £2bn
By City AM
Newly-filed accounts show that turnover at the Tarmac increased in 2023 after it stood at £1.99bn for the 12 months to December 31, 2022
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Bank of England printer De La Rue agrees to £300m breakup
By City AM
The London-listed company has agreed to sell off part of its business to an American company
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County Durham solar specialist to power up commercial plans with £4.3m investment
Deals
The pioneering Seaham firm is the current business of the Year for the Durham, Sunderland and South Tyneside region
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Rix Petroleum snaps up fellow Humber business in undisclosed deal
Deals
Phoenix Heating Services will be rebranded as Rix Gas Services following the deal
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GSK resolves Zantac cancer claims with a £1.7 billion settlement, boosting shares
By City AM
The pharmaceutical giant has agreed to a $2.2bn (£1.68bn) settlement to resolve lawsuits in the US alleging that the company's Zantac heartburn drug had caused cancer
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'Truly uncommon leader' Ratan Tata dies aged 86
Jaguar Land Rover
Tributes have flooded in from across the political and business world for the former chairman of JLR owner Tata Group
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Port Talbot welding skills academy look to retrain hundreds of former steelworkers
Employment
JES is expanding its skills academy following new loan funding from º£½ÇÊÓƵSE Steel Enterprise
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New strike dates set for Tetley Tea workers amid continuing pay row
By City AM
The GMB Union has announced 12 more strike dates which will see almost 150 workers walk out in a dispute over what it describes as "poverty pay"
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McVitie's profits skyrocket to £131.3m, driven by white chocolate digestives success
By City AM
Pladis Foods, the owner of McVitie's, said its revenues grew thanks to the introduction of new products, including white chocolate digestives, which "exceeded all sales forecasts"
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Hinkley Point C contractor opens Bridgwater factory and plans to create 150 jobs
Engineering
Warrington-based BGEN was awarded an £84m contract for a project at the nuclear power station earlier this year
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Greencore hails 'outstanding' performance as it gives meal deal profit update
By City AM
Greencore, which supplies all the º£½ÇÊÓƵ's major supermarkets with salads, sushi, sandwiches, snacks, ready meals, and soups, said it now expects its full year profit to be "ahead of current market expectations"
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Swizzels Matlow sees profits halve despite sales surge to nearly £100m
By City AM
The Peak District-headquartered business has reported a pre-tax profit of £4.4m for 2023, down from the £8.2m it achieved in 2022
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AstraZeneca invests in future of heart health with $2bn licensing agreement for dyslipidemia drug
By City AM
The Anglo-Swedish pharmaceutical giant will make an upfront payment of $100m to licence a preclinical small molecule aimed at treating dyslipidemia, an imbalanced, abnormal level of lipids in the bloodstream
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Imperial Brands hikes shareholder returns for 2025
Company Results
The Bristol-headquartered company said it was delivering against a five-year strategy to 'transform the business'
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Go Ahead makes £500m investment into zero emissions buses, creating 500 new jobs
Transport
The North East transport operator has also launched a partnership with Northern Ireland-based bus manufacturer Wrightbus
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Councillors demand Lancashire aerospace support as they fear 'downsizing' at Rolls-Royce plant
London 2012 Olympics
Barnoldswick houses two Rolls Royce facilities
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Japanese brewer Asahi's º£½ÇÊÓƵ arm sinks deeper into losses, reporting a £14m deficit
By City AM
The division of the Japanese beer maker is the London-headquartered arm of Asahi, whose brands include Peroni, Fuller's Brewery and Grolsch
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