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Manufacturing
Mars Wrigley pays out huge £600m dividend to º£½ÇÊÓÆµ owners after bumper year
By City AM
The business, which has º£½ÇÊÓÆµ manufacturing sites in Slough and Plymouth, has significantly upped its dividend for 2023, after also paying out £115million in 2022
Bookmark
Beacon Foods named the best firm in Powys
Wales
The family-owned business took the overall title in the 2024 Powys Business Awards
Bookmark
Leaders welcome multi-billion pound green technology plan for North West – and say it could protect manufacturing jobs for generations
Climate Agenda
Hynet scheme will see carbon capture technology rolled out at scale in bid to slash emissions
Bookmark
Elon Musk's Tesla faces delivery shortfall, impacting stock prices
By City AM
Tesla shares have fallen more than 5.4 per cent after the electric vehicle company's third quarter deliveries came in south of expectations
Bookmark
Glenfiddich and Hendricks Gin maker sees sales near £2bn as profit tops £500m
By City AM
William Grant & Sons, which is headquartered in Scotland, has reported a turnover of £1.96bn for its latest financial year, up from the £1.72bn it achieved in 2022
Bookmark
Jones Village Bakery creating 50 new jobs on strong export growth
Exports
The firm is targeting growing exports this year to £10m
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Hula Hoops maker KP Snacks reports profits of almost £100m
By City AM
The Slough-headquartered KP Snacks, which is owned by Intersnack Group, has reported a pre-tax profit of £93.7 million for 2023, up from £64.3 million in 2022
Bookmark
Versarien strikes deal with Balfour Beatty to make mortars
Deals
The Gloucestershire firm is to make a range of 3D printable construction materials that have a low-carbon footprint
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Solid State expands north with Gateway acquisition
Technology
Worcestershire manufacturer has bought out Cheshire firm in deal which broadens products line
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Turnover tops £300m at Northumberland family firm Simpsons Malt
Company Results
The firm's acquisition of WN Lindsay Limited in 2021 has triggered large rise in profits
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Shortlist revealed for Black Country Chamber Business Awards
West Midlands
A total of 14 categories will be recognised at 2024 ceremony in November
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Manufacturing recovery set to fade as costs and budget fears hit sentiment
By City AM
The recovery of the manufacturing sector looks set to fade, according to a closely watched survey, as rising costs and fears about the budget hit business sentiment.
Bookmark
Harland and Wolff: Titanic shipbuilder calls in administrators and jobs to be cut
Labour Party
The administration process is confined to the 162 year old holding company
Bookmark
Nissan production down more than 20% in August as European sales fall
Automotive
The month is typically slower for car manufacturers amid factory shutdowns and retooling though wider figures across º£½ÇÊÓÆµ makers showed the six consecutive month of decline
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Cranswick upbeat thanks to better than expected trading across first half
Food and Drink
The supermarket supplier said adjusted pre-tax profits at the higher end of market expectations between £179.2m and £191.7m.
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Plans for new Airbus skills centre near Bristol move forward
Aerospace
Work on the project is expected to start this month
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Irish cable innovator SuperNode chooses Blyth for new development base
Energy
The superconducting cable specialist has ambitions to expand the Northumberland operation as it moves into commercial manufacturing
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Powys concrete firm set for expansion following management buyout
Deals
Forden Concrete Products have been acquired by Shane Clee in a deal part financed by the Development Bank of Wales
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Flooring firm Airea optimistic despite unexpected sales slowdown harming profits
Company Results
The West Yorkshire manufacturer said trading going into the third quarter had been more encouraging
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JLR invests £500m in Halewood for electric vehicle production as it vows to create 'EV factory of the future'
Jaguar Land Rover
The Jaguar Land Rover owner is transforming the site, which opened in 1962
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Around 80 jobs lost as County Durham's PSP Group falls into administration
Insolvency and Administration
Insolvency experts handling the group's affairs say emergency funding had been secured in May but sales did not materialise
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Jobs to go Hull modular buildings firm falls into administration
Insolvency and Administration
Insolvency experts have been appointed to ESS Modular and its subsidiary Spatial Initiative Limited
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Dulux owner set to axe 2,000 jobs in major shake up
Manufacturing
The firm employs around 3,500 staff in the º£½ÇÊÓÆµ and Ireland across 15 sites, including nine factories
Bookmark
Cookie maker Biscuit International º£½ÇÊÓÆµ returns to profit having raised prices
Company Results
The Tyneside factory, which was Northumbrian Fine Foods, reported increased sales
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