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Manufacturing

Jobs at risk at shearing tool firm Lister after buyout – but bosses say business will stay 'rooted in Gloucestershire'
Gloucestershire
Lister managers say MBO from Wahl gives them more autonomy and ability to invest
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£94m spent on British Steel nationalisation, says Business Secretary
Industrial
Jonathan Reynolds said the cost to the Exchequer of allowing British Steel to close would have been "incredible"
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º£½ÇÊÓƵ manufacturing on brink of year of decline amid 'noticeable impact' of tariffs
By City AM
The º£½ÇÊÓƵ manufacturing sector is on the brink of a year of decline as new data showed output remains in the doldrums, with the "noticeable impact" of tariffs dragging down exporters' sales
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Rolls-Royce says it's on track to hit nearly £3bn profit in 2025 despite ongoing tariff uncertainty
By City AM
The London-listed engineering giant on Thursday held a previously guided underlying profit range of between £2.7bn and £2.9bn. It is also looking at between £2.7bn and £2.9bn of free cash flow.
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Aston Martin limits exports to US over new tariffs
Aston Martin
Move by sports car maker follows President Trump's imposition of 25 per cent tariffs on cars imported into the US
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Craft beer maker Ilkley Brewery rescued from administration with jobs secured
Food and Drink
Former owner Luke Raven said demand is still strong for Ilkley's beers
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Underfloor heating firm UFHN acquired by Finnish group
Deals
20-year-old Dorset firm joins group with big North East operations
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Nissan appoints new º£½ÇÊÓƵ boss as it aims to bounce back in 'dynamic times'
Automotive
The automotive giant has appointed former Vauxhall executive James Taylor to lead its º£½ÇÊÓƵ operations
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One of the biggest employers in the Vale of Glamorgan to shed 300 jobs
Employment
The Unite union said that US chemical giant Dow plans to shed a third of its workforce at its Barry plant
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Nissan sets out huge cost of turnaround plans as it expects £3.7bn loss
Automotive
Chief executive Ivan Espinosa said the wider than initially expected losses reflected a review of its performance and the value of global factories
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Rolls-Royce shares rebound to pre-tariff levels, nearing full recovery on FTSE 100
By City AM
Shares in Rolls-Royce have surged to their highest value since US President Donald Trump shocked global markets with his trade tariffs
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º£½ÇÊÓƵ manufacturers cut jobs at fastest rate in four years amid tax hikes and energy costs
By City AM
The CBI said that the downturn in manufacturing output had eased in the quarter to April, suggesting there may be some resilience in the sector
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Aircraft landing systems firm Safran opens new Gloucester site
Aerospace
The centre is part of a major investment project at the company's Gloucestershire base
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Pharma firm Shield Therapeutics warns of 'unpredictability' from US tariffs
Company Results
The commercial stage business has significantly boosted prescriptions and narrowed losses
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Profits double as battery firm Alexander Technologies powers up customer numbers
Engineering
The Peterlee firm says the rise in sales and earnings is driven by an expanding project and customer base
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Elon Musk takes step back from politics as Tesla profits crash amid backlash
By City AM
Tesla's net income plunged 71 per cent to $409m in the first quarter, missing Wall Street estimates, with the firm's operating income dropping 66 per cent to $0.4bn
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Nissan boss says 'º£½ÇÊÓƵ is not a competitive place to be building cars'
Automotive
Alan Johnson told the House of Commons' Business and Trade Committee that the Government must support the automotive sector
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Trump tariffs: Uncertain and anxious Liverpool businesses reveal how they could be affected
Exports
City region firms fear price rises and eroded trust, Liverpool Chamber research reveals
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Durham lighting firm Artech snaps up Yorkshire business Powerlite Fitzgerald
Deals
The acquisition will help to boost both firms' market share while creating skilled jobs
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BAE Systems announces 'breakthrough' in munitions production
Industrial
The defence giant has developed a new way of manufacturing explosives and propellants
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Family firm TWR launches £2m Sunderland manufacturing facility
Engineering
New jobs have been created through the launch of the new manufacturing facility in Hendon
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Business Secretary says Scunthorpe steelworks may need "different employment footprint"
Manufacturing
Jonathan Reynolds was speaking as coking coal arrived into the country to keep the site's blast furnaces running
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Tate & Lyle forecast to report four per cent profit rise despite revenue drop
By City AM
The FTSE 250 sweetener producer said performance had been in line with expectations in its business over the last year, with cash conversion exceeding 75 per cent
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Trials held into new future of delivery vehicles
West Midlands
Warwick Manufacturing Group is working with Transport for West Midlands on the project which could see EVs being used for deliveries
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By City AMº£½ÇÊÓƵ car production hits 76-year low as Aston Martin halts US exports amid Trump tariffsAston 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£½ÇÊÓƵ'
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
£1bn Tyneside cable factory partner leaves joint venture, but announces major potential order
Energy
Global Interconnection Group says its South Korean partner is best placed to take forward the job-creating plans
EmploymentDefence giant Babcock to relocate 2,000 workers from Devonport Royal DockyardThe announcement has been welcomed by the leader of Plymouth City Council
Randox Covid-19 testing giant sees profits slump after making £200m
By City AM
The Department of Health awarded 22 contracts to Randox between January 2020 and December 2021 with a maximum value of £777m. The Northern Ireland-headquartered business has reported a pre-tax loss of £51.8m for the year
M&S launches sweet strawberry sandwich but it could face the same fate as Jaffa Cakes
By City AM
The strawberry and cream sandwich has been all over social media as shoppers race to taste the sweet sandwiches - but it has also raised the question of VAT
Tyneside tech firm Oak Engage sold to NorthEdge in multimillion-pound exit for Maven
Deals
Oak Engage has created an award-winning intranet solution which is used by blue chip clients including NatWest, Aldi, Burger King º£½ÇÊÓƵ and Halfords
Goalkeeper-turned-surveyor remains safe pair of hands
Economic Development
Tom Fleming speaks to a new managing partner about his progression from footballer to surveyor
Professional ServicesFairstone Group founder Lee Hartley to step down from chief executive roleThe new CEO for the group will take up the position later in the year
º£½ÇÊÓƵ 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
Property agency CBRE strikes deal for Birmingham office move
West Midlands
Agency will take up a new home next year in the fourth office block to complete on the £1.2 billion estate
North East deals of the week: key contracts, investments and acquisitions
Deals
Companies featuring in this week's round-up include FES International, Arian EMS, Sayturk Group, Renwick Animal & Pet Cremation Services and Charles Grey Menswear
Owner of Lindsey oil refinery owner Prax goes into administration
Insolvency and Administration
State Oil has appointed administrators and a winding up order has been made against three companies at the Prax site.