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Manufacturing
BEL Valves seals £5m deal for Murlach oil field development in the North Sea
Deals
The Newcastle business is a global leading manufacturer of high-integrity oil and gas valve technology
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Tata Steel in major crane deal for its £1.25bn Port Talbot electric arc furnace
Manufacturing
It as a struck a supply deal with JASO Industrial Cranes
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Birmingham awarded 'World Craft City' status
West Midlands
Prestigious accolade is in recognition of the city's historic jewellery and craft trade
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Tesla stock jumps after Elon Musk teases June robotaxi launch
By City AM
Tesla shares climbed two per cent in after-hours trading on Wednesday after reports emerged that the EV giant is preparing to launch its long-anticipated robotaxi service as early as 12th June
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Deeside Timberframe announces multi-million pound investment in Warrington office and factory expansion
North West
Deeside Timberframe has outlined a multi-million pound investment programme, which includes a new office in Warrington
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Filtronic toasts £800,000 deal with lead defence customer Leonardo
Deals
The parts will be manufactured at its new highly automated microelectronics manufacturing operation at NETPark
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Business Secretary must step in and save Vivergo plant, says council leader
Manufacturing
Mike Ross says the closure of the Saltend plant would be a devastating blow to families, communities and businesses in the region
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Nissan turns to '£1bn º£½ÇÊÓÆµ Government-backed loan' as part of funding plan
Finance
The troubled car maker is looking to raise huge sums to keep itself afloat
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Vauxhall owner Stellantis names former Jeep boss as new chief executive
By City AM
Stellantis has named Antonio Filosa as its new chief executive, replacing Carlos Tavares who was pushed out in December after a series of profit warnings
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Kromek lands two sales worth $900k as global instability fuels demand
Deals
The orders follow an upgrading of full year 2025 expectations for the North East business
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Historic Birmingham manufacturer is a cut above with new £4m export deal
West Midlands
Brandauer is working with a firm in Egypt to produce new razor blades which will be sold globally
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Humber bioethanol plant- the º£½ÇÊÓÆµ's largest- to shut 'unless Government acts after US deal'
Industrial
Vivergo Fuels boss Ben Hackett said Government decisions have undercut º£½ÇÊÓÆµ ethanol production in favour of US imports
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Flying taxi firm makes history with cross-country flight in electric aircraft
By City AM
Vertical Aerospace's VX4 prototype performed its first "wingborne" flight last week, soaring over the Cotswolds before landing like a conventional aircraft at a nearby airport.
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Zuber Issa backs famous oil brand Duckhams – and says Bolton business 'has immense potential for growth'
Issa Brothers
Duckhams has 126-year history and long track record in motorsports
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BYD and Chinese electric vehicles slide despite rising º£½ÇÊÓÆµ demand
By City AM
Shares in Chinese electric vehicle (EV) makers tumbled on Monday, despite surging interest from º£½ÇÊÓÆµ buyers and a fresh round of price cuts from industry titan BYD
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Latest tranche from fund to support Port Talbot following the ending of primary steelmaking
Swansea Bay City Region
The new investment is worth a total of £21.2m from the Tata Steel/Port Talbot Transition Board
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First Minister defends º£½ÇÊÓÆµ Government support for Port Talbot steelmaking versus Scunthorpe
Welsh Government
She said the positions between Port Talbot and Scunthorpe were not the same
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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£½ÇÊÓÆµ 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£½ÇÊÓÆµ operations
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Revenue and profits jump at subsea tech specialist SMD on the back of electrification strategy
Manufacturing
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£½ÇÊÓÆµ, 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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Manufacturing
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Company Results
Graphene maker Versarien closes Korean arm and warns over future amid financial woes
The company previously warned it needed further external investment to continue as a going concern
º£½ÇÊÓÆµ car production hits 76-year low as Aston Martin halts US exports amid Trump tariffs
By City AM
Aston Martin shares have been among the hardest hit by Donald Trump's car tariffs, which have left the British car industry at its lowest ebb since 1949 in May
British steel commitment for £4bn gigafactory as first frames go up in Somerset
Somerset
'This is a facility that will play a huge role in the EV supply chain in the º£½ÇÊÓÆµ'
Manchester economy still ‘volatile’ as cost fears remain
North West
Greater Manchester Chamber expert says 'we have seen bursts of growth followed by drops in production'
Vivergo owner welcomes Government talks over Hull plant
Energy
The firm says closure of facility is not a certainty as it consults with 160 staff
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Blackrow Group joins forces with OLG as part of £75m strategic partnership
The two engineering companies are set to supercharge industrial growth across the º£½ÇÊÓÆµ
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Caerphilly-based spa says training youngsters is vital for business growth
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Employer and learner partnership helps companies go from strength to strength
Defence giant Babcock to relocate 2,000 workers from Devonport Royal Dockyard
Employment
The announcement has been welcomed by the leader of Plymouth City Council
Investment zone for Cardiff Capital Region that promises to create thousand of jobs takes step forward
Cardiff Capital Region
With £160m in government support over a decade and private sector investment the zone is forecast to create 4,000 hi-tech jobs
Over 1,200 jobs slashed at Clarks as sales plummet by nearly £100m
By City AM
The Somerset-headquartered shoe retailer has reported a revenue of £901.3m for 2024, down from the £994.5m it achieved in 2023, according to its latest annual report
By City AM
Aviva's £3.7 billion acquisition of Direct Line gets green light from º£½ÇÊÓÆµ watchdog
The £3.7bn takeover will not be subject to a phase-two investigation, the Competition and Markets Authority (CMA) said on Tuesday, after a preliminary probe to assess whether a combination between the two would reduce competition in the º£½ÇÊÓÆµ insurance market.
Bristol Bears Rugby Club appoints new chief executive
Business of Sport
Tom Tainton was previously the Premiership side's chief operating officer
Welsh business confidence the highest in the º£½ÇÊÓÆµ
Lloyds
Lloyds has published its latest business barometer for Wales
Investment zone for Cardiff Capital Region that promises to create thousand of jobs takes step forward
Cardiff Capital Region
With £160m in government support over a decade and private sector investment the zone is forecast to create 4,000 hi-tech jobs
HS2 labour supplier Hercules acquires Lancashire business in multimillion-pound deal
Deals
The acquisition marks Cirencester-headquartered Hercules' entry into the º£½ÇÊÓÆµ power and energy industry