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PREMIUM

Manufacturing

Plans for £40m Perspex International plant that could secure hundreds of jobs take key step forward
Manufacturing
Swiss-owned business vows to 'build upon and continue to develop' production at site
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CMO hails early signs of recovery as consumer confidence softens sales fall
By City AM
The firm, which is headquartered in Plymouth, said sales started to tick up in the three months ending July 31, 2024, after wet weather dampened demand in its first quarter.
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Northumberland family firm A&J Scott 'hopeful for better year' after turnover drops
Company Results
The sawmill and timber products business says it is seeing stronger demand after a market downturn in 2023
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Development Bank of Wales in profitable exit from electronics firm Camtronics
Deals
The development bank took a minority stake after backing a management buyout of the Tredegar-based company in 2018
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Hill and Smith shares tumble after º£½ÇÊÓƵ business weighs on bottom line
By City AM
The infrastructure supplier's shares fell after it flagged challenges in its º£½ÇÊÓƵ business, with a 'more challenging market backdrop'
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More than 380 skilled jobs could be created at major Humber carbon fibre facility
Employment
A US firm founded by former Tour de France Greg LeMond is driving forward the plans in Grimsby
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County Durham manufacturer GT Emissions Systems snapped up by new owners
Deals
The Peterlee firm turned over more than £52m last year and has been sold to Rcapital Partners
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Northumberland's Piramal Healthcare sees revenues rise as order pipeline grows
Pharmaceuticals
The Morpeth business, which also has a Grangemouth site, also narrowed its losses
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Ceiling manufacturer Zentia unveils £2m investment across North East sites
Company Results
Gateshead's Zentia was the winner of the Made in Britain trophy at last year’s North East Business Awards
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GSK secures victory in latest Zantac trial: Jury dismisses claims linking drug to cancer
By City AM
The London-listed pharmaceutical giant has faced a barrage of lawsuits over whether or not Zantac - once the best selling drug in the world - was carcinogenic.
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Somerset manufacturer sees profits soar in first half
Company Results
Engineering firm Rotork said sales were up 'double digits' year-on-year
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Volvo's º£½ÇÊÓƵ revenue hits £1.7bn, marking a historic year despite economic challenges
By City AM
The º£½ÇÊÓƵ arm of the Swedish car maker saw revenues rise to £1.7bn in 2023, up from £1.4bn, according to newly filed accounts with Companies House
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Aston Martin secures £135 million in new funding to boost production capabilities
By City AM
Net proceeds from the offering are expected to be used by Aston Martin to repay borrowings under its existing super senior revolving credit facility.
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º£½ÇÊÓƵ manufacturing sector grows at fastest rate since February 2022, PMI shows
By City AM
S&P's purchasing managers' index (PMI) for the manufacturing sector registered 52.1 in July, up from 50.9 in June and above flash estimates of 51.8
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BAE Systems sees profit and revenue jump, raises dividend following robust trading update
By City AM
The Farnborough-based defence giant, which has benefited from the twin tailwinds of rising geopolitical tension and the prospect of a Trump presidency withdrawing Nato support, saw a 13 per cent year-on-year rise in revenue
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Airbus profits plunge as space division weighs on performance
Aerospace
The results come as the firm reportedly holds talks with Thales and Leonardo over its space activities
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Rolls-Royce sees profits soar as 'transformation' pays off
Aerospace
The FTSE 100 firm has implemented a raft of cost-saving measures as it works to turn around the business
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Kelly Ortberg to lead Boeing as new CEO, succeeding Dave Calhoun in strategic leadership shift
By City AM
Former Rockwell Collins chief Kelly Ortberg, 64, will take the reins on August 8 2024, bringing more three decades of experience in the aerospace sector to the position
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GSK raises guidance after strong second quarter boosted by cancer and HIV portfolio
By City AM
Total sales in the second quarter of 2024 reached £7.9bn, an increase of 13 per cent year on year while core operating profit at the pharma company rose by 18 per cent
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‘Incredible new chapter’ for food group Princes as £700m Italian takeover by Newlat completes
Food and Drink
Merged food giant will be known as 'New Princes Group'
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New HSBC funding round supports military firm's expansion plans
West Midlands
Ammo and Company will use the package to fulfil a new contract awarded to the company by the º£½ÇÊÓƵ government
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Glass maker Pilkington planning green hydrogen plant as it bids to decarbonise its North West home
Manufacturing
NSG and Grenian Hydrogen want Government backing for St Helens investment
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Opinion: How the North West’s industrial firms are sparking the next (sustainable) revolution
North West
Chris Whittle, from Lloyds Bank, says the region's industrial sector remains strong
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Wood finishing firm Littlefair's wins backing from £660m fund to support its growth plans in º£½ÇÊÓƵ and US
SMEs
'This funding will catapult our business into its next phase of growth'
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