Caterham Cars bosses voice ‘disappointment’ at fourth loss in a row September 4, 2024 Bosses at car maker Caterham have voiced their ‘disappointment’ in falling to a loss for the fourth year in a row. The Kent-headquartered manufacturer of lightweight sports cars has reported a pre-tax loss of £2.3m for the year to 31 March, 2024, having also made a loss of £2.7m in the prior 12 months. The [...]
UK manufacturing activity reaches highest level in 26 months September 2, 2024 Activity in the UK’s manufacturing sector grew at its fastest pace for more than two years last month, a closely-watched survey has suggested, in another positive sign for the economy.
Higher price of milk warning issued by Cravendale maker Arla Foods amid shortage August 28, 2024 Arla Foods, the maker of brands including Cravendale, Skyr and B.O.B milk, has warned that customers will face higher prices in the coming months amid a shortage of milk on a global level. The company said it “anticipates that volatile market conditions driven by geopolitical tension and uncertainty” will continue but that a positive trend [...]
McDonald’s salad supplier Agrial loses custom after price increases August 27, 2024 McDonald’s salad supplier Agrial Fresh Produce has cut its loss thanks to price increases after what it described as three years of “upheaval” due to labour shortages and soaring costs, according to newly-filed documents. The Staffordshire-headquartered company, which also owns the pre-packed salad brand Florette, cut its pre-tax loss to £5.5m in 2023 – an [...]
Contraction confirmed for German economy with no recovery in sight August 27, 2024 The growth slowdown was led by a sharp fall in investment, which fell by more than 2.0 per cent in the quarter.
Weetabix sale helps snack maker Wholebake slash loss August 27, 2024 Wholebake, the company behind snack brands Brynmor, Nine and Bounce, has significantly cut its loss after selling its cereal business to Weetabix, according to newly-filed accounts. The manufacturer, which is headquartered in the Welsh town of Corwen, Debighshire, saw its pre-tax loss slashed to £1.8m in the year ending 30 March, 2024, down from £6.7m [...]
‘Very unusual’ fire caused rocket explosion, delaying first space launch bid August 24, 2024 Engineers have identified a “very unusual” oxygen fire in a turbopump as the reason a rocket engine exploded during a test at the spaceport in Shetland earlier this week.
Aircraft orders still lagging behind despite UK airlines hitting 2024 high August 23, 2024 The number of aircrafts being ordered by UK airlines hit its highest monthly figure in July as a slew of deals at the Farnborough Airshow helped the industry weather wider supply chain issues. Some 131 orders were placed over the month, outpacing every other month in 2024 and representing the largest July delivery rate on [...]
Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]
Cammell Laird: ‘Boaty McBoatface’ maker hails historic year August 20, 2024 Cammell Laird, the company that built the ship that was almost known as ‘Boaty McBoatface’, has hailed its latest financial year as one of its most successful since being founded in 1828. The Birkenhead-based business, which completed work on the RRS Sir David Attenborough in the summer of 2021, has reported a pre-tax profit of £6.8m for the [...]