Manufacturing growth forecasts halved amid market turmoil September 6, 2015 MANUFACTURING growth is expected to be slower than expected this year, as the recent turmoil in Europe and China’s economic slowdown threaten to dampen demand for orders at home and abroad. EEF, the manufacturers’ organisation, and law firm DLA Piper have halved their 2015 growth forecast to 0.7 per cent in the third quarter from [...]
Bonds that tie Rhino Rugby to the game: Manufacturing firm talks red carpet appearances and re-engaging with Rugby World Cup 2015 September 6, 2015 We’ve all had those spoof office calls and when one of Reg Clark’s Rhino Rugby colleagues announced some years ago that “Warner Brothers, Los Angeles are on the line for you”, he naturally suspected a practical joke was in the offing. As it happened however, the call was real. Director, Clint Eastwood, was beginning [...]
UK manufacturing PMI falls in August as strong pound and uncertainty in China take their toll September 1, 2015 Manufacturing activity in the UK dipped unexpectedly last month, figures published today showed – suggesting uncertainty about China may have spread. Markit's purchasing managers' index (PMI) for the sector fell to 51.1 in August, down from 51.9 in July – and considerably below the 52 expected. Any figure above 50 denotes a contraction in the [...]
UK manufacturers to government: Green burden and environment legislation is out of control August 27, 2015 An overwhelming majority of British manufacturers want the government to scrap environmental legislation, according to a new report out today from the EEF. The report found that seven in 10 manufacturers said eliminating so-called “green” red tape is important to their business. Four in 10 said that the government had not done enough [...]
The decline of UK manufacturing: Companies say Britain is losing out to global rivals August 23, 2015 British manufacturers are worried about falling behind their overseas competitors, according to a new survey out today. EEF and Vodafone, who conducted the survey, said that while 94 per cent of UK manufacturers were engaged in innovation initiatives, most were concerned that they were not doing enough to stay competitive. Their sentiment matches the latest [...]
FTSE hits 2015 low as China stocks plummet after sharp contraction in manufacturing August 21, 2015 The FTSE 100 hit a new intraday low for 2015 this morning, falling as low as 6,328 points, after shock manufacturing figures from China pushed markets across the world lower. Figures published overnight showed Chinese factories contracted at their fastest pace in six and a half years in August. The Caixin/Markit purchasing managers' index for [...]
Manufacturers and home sales buoy US outlook August 20, 2015 Manufacturers in the Philadelphia region are growing strongly this month, according to survey figures released yesterday, easing fears over the sector’s health. Meanwhile, US existing house purchases rose to an eight-year high last month, showing that consumer spending was in fine fettle. The Philadelphia Federal Index ticked up to a score of 8.3 this month from [...]
CBI industrial trends survey: Manufacturing orders unexpectedly improve in August August 20, 2015 A widely watched industry survey has shown manufacturer's order books unexpectedly improved this month. The CBI's industrial trends survey showed monthly total order book balance increased to -1 from -10 in July. Economists had expected it to remain stagnant. Output continued to grow at a steady pace in the three months to August, and this should continue [...]
Lexus hoverboard video: Manufacturer says it has created a levitating board called Slide, using superconducting magnets August 10, 2015 Has Lexus just created a hoverboard? The company has released details of a “frictionless movement” vehicle called Slide, which it says uses magnets inside a chassis to levitate. The Lexus Hoverboard operates using magnetic levitation to achieve amazing frictionless movement. Liquid nitrogen cooled superconductors and permanent magnets combine to allow Lexus to create the impossible. [...]
UK industrial production falls on oil and gas as manufacturing output shows modest growth August 6, 2015 UK industrial output has unexpectedly fallen by 0.4 per cent in June, led by oil and gas output falling. Industrial output fell compared to an increase of 0.3 per cent in May and compared to expectations of a 0.1 per cent rise in June, according to figures from the Office of National Statistics. The fall [...]