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Manufacturing
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£½ÇÊÓÆµ 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£½ÇÊÓÆµ and US
SMEs
'This funding will catapult our business into its next phase of growth'
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PepsiCo invests £13m in Coventry's Doritos factory to boost production and reduce emissions
Food and Drink
The investment is the latest in a number of investments at food giant's º£½ÇÊÓÆµ manufacturing sites
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Founder of family-run Bristol label printing company dies
People
Martin Jackson has been described as a 'lovely man with a heart of gold'
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Nissan lowers forecasts after global quarterly profits tumble 73%
Automotive
The group's CEO Makoto Uchida said the results were 'very challenging' but that action was being taken
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Liverpool-based Princes Group swings to profit, paving way for Newlat's £700m acquisition
North West
Princes, which makes food and drink products for a number of household name brands including Branston, Olivio, Batchelors and Napolina, is set to be sold to Newlat Food S.p.A from Mitsubishi Corporation later this month
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Climbing centre Rockcity set to launch new Hull manufacturing facility
property news
The company is also taking part in the Olympic Games - as a provider of the competition climbing walls
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Aston Martin loses over £200m as demand for luxury models reverses
By City AM
The Warwickshire-headquartered company has reported a pre-tax loss of £216.7m for the six months to June 30, 2024, compared to the loss of £142.2m it reported during the same period in 2023.
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Boss of drugs firm Shield Therapeutics steps down as US prescriptions ramp up
Pharmaceuticals
Greg Madison had led the Tyneside pharma business for three years
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Sustainable packaging venture Transcend Packaging secures multi-million-pound equity boost to support expansion
Deals
The Cardiff Capital Region's Innovation Investment Capital (IIC) fund has invested in the Ystrad Mynach firm's latest round
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Humber modular building firm creates cells to solve prisons overcrowding
Construction
Integra Buildings' design has been tested and showcased as overcrowding of prisons has again hit the headlines since the General Election
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Renault º£½ÇÊÓÆµ's sales surge to over £2bn in 2023, outpacing industry trends
By City AM
The division saw new registrations of Renault-branded cars increase by 51 per cent from 46,490 in 2022 to 70,326 in 2023 - higher than any other car brand bar MG
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Rolls-Royce Motor Cars reports record-breaking £984.2m revenue as global luxury car demand surges
By City AM
The Hampshire-based business said that, globally, the highest demand is for its Cullinan model, followed by Ghost
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AIM-listed Alliance Pharma axes chief operating officer role
People
The Wiltshire-based pharmaceuticals company said the move would 'simplify' its management structure
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North East Mayor to approve investment into £14.6m manufacturing skills facility
Education
MADE NE will create a new generation of skilled local workers in EV and battery technology
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Aircraft robot firm wins £1m from Midlands Engine Investment Fund II to 'revolutionise' industry
Aerospace
First major investment for Midlands-wide fund
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TechnipFMC secures deal with Energean for Mediterranean Sea project worth up to $1bn
Deals
It is hoped the project will bring work to the North East firm's Tyneside yard
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