UK economy: Inflation worries build as manufacturing cost pressures surge Economics S&P's purchasing managers' index (PMI) for the manufacturing index showed that input prices increased at "accelerated rates" last month.
Emma Bridgewater: Jobs cut as UK’s ‘queen of pottery’ sinks further into the red Retail The pottery brand founded by eponymous designer Emma Bridgewater cut jobs as it sank further into the red during its latest financial year. The business, which is based in Stoke-on-Trent and backed by BGF, has posted a pre-tax loss of £4.4m for the 12 months to 27 April, 2024. The loss comes after the company also [...]
Boeing suffers second-biggest yearly loss in its history Transport and infrastructure Boeing has reported its second-largest annual loss on record after one of the most turbulent 12-month periods in its history. The US planemaker reported an annual net loss of $11.8bn (£9.5bn) on Tuesday and burned through some $14.3bn in free cash. Revenue also fell 14 per cent to $66.5bn, while deliveries from its commercial airplanes [...]
Harland & Wolff: Over 1,000 jobs saved at Titanic builder after £70m rescue deal completes January 28, 2025 A deal to save troubled shipbuilder Harland & Wolff, which crashed into administration owing more than £160m last year, has been completed. The acquisition, first announced in December 2024, will save over 1,000 jobs. Spain-headquartered Navantia has acquired the business and assets of Harland & Wolff Group, which include all four operating yards in Belfast, Appledore, Methil [...]
Rolls-Royce worth £50bn again after FTSE 100 surge January 20, 2025 Rolls-Royce has returned to a market capitalisation of more than £50bn after its shares rallied. The Derby-headquartered FTSE 100 giant passed the milestone for the first time at the start of December 2024 before its share price fell back. However, Rolls-Royce has surpassed the £50bn barrier once again after a jump in its share price [...]
Ex-Aston Martin CEO: Scrap hybrids, go all in on EV cars January 11, 2025 Our reliance on hybrid is holding us back from real progress. It's time to go all in on EV cars, writes ex-Aston Martin CEO and 'godfather of EVs' Andy Palmer.
Iconic bicycle maker Raleigh loses £30m but stops sales backpedal January 8, 2025 Iconic bicycle maker Raleigh slumped to a loss of more than £30m despite arresting a prolonged drop in sales, it has been revealed. The Nottinghamshire-headquartered company, which was once the largest bicycle maker in the world, has announced a pre-tax loss of £30.1m for 2023 after having also lost £6.8m in 2022. However, newly-filed accounts [...]
Profit stalls at iconic motorcycle maker Triumph January 7, 2025 Profit has stalled at iconic motorcycle brand Triumph as an economic downturn in China and a fall in the value of sterling impacted its sales. The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has reported a pre-tax profit of £72.6m for the year to 30 June, 2024, up slightly from the £72.3m it [...]
Crown Paints: Losses double as more jobs lost amid DIY downturn January 3, 2025 Crown Paints saw its pre-tax loss more than double as it shed further jobs despite sales rising, it has been revealed. In delayed accounts, the Lancashire-headquartered firm has reported a pre-tax loss of £16.1m for 2023. The figure comes after Crown Paints made a pre-tax loss of £8m in the prior 12 months. However, the [...]
Manufacturing downturn deepens as firms brace for national insurance rise January 2, 2025 Activity in the UK’s manufacturing sector fell to its lowest level in nearly a year, a new survey shows, as businesses brace for the impact of the government’s first Budget. According to S&P’s manufacturing purchasing managers’ index (PMI), factory output, new orders and employment, all fell at accelerated rates in December. This pushed the overall [...]