BMW prepares to plough billions into Chinese joint venture October 11, 2018 BMW is prepared to spend big in order to take control of Brilliance Automotive (BBA), its joint venture in China, it emerged today. The German manufacturer is set to part with €3.6bn (£3.14bn) to up its stake in the company from 50 per cent to 75 per cent, and will also invest more than €3bn to [...]
Manufacturing props up UK output growth as business optimism wanes October 8, 2018 British business output growth is being propped up by the resilient performance of the manufacturing sector, despite ongoing uncertainty. Though still falling below long-term trends, output held steady in September, while business optimism declined, according to BDO’s latest Output Index. Read more: Lloyd's boss 'accelerates' Brussels operation amid no-deal fears The manufacturing sector, which makes [...]
British manufacturing output growth weakens as exports hit slowest in almost a year September 24, 2018 Growth in the British manufacturing sector slowed as exports cooled, according to data published today. Expansion in output slowed to the lowest since May in September, the survey of more than 400 major manufacturers by the Confederation of British Industry (CBI) showed. Exports weakened to the slowest expansion since October 2017, with a balance [...]
Four-fifths of manufacturers not ready for no-deal Brexit as economists warn of £40bn hit September 21, 2018 The vast majority of British manufacturers are unprepared for a no-deal Brexit, a poll will show today, as economists predict a major £40bn hit to the UK economy in the event of a disorderly exit from the EU. More than four in every five manufacturing firms say they are not prepared, the survey by the [...]
Network Rail: Hungry shoppers and record car manufacturing keep Britain’s freight trains chugging ahead September 7, 2015 Rising consumer spending, faster delivery services and a jump in UK car manufacturing has sent the number of goods needing to be sent up and down the country by freight trains steaming ahead, according to new research from Network Rail. In a report published in partnership with Royal Mail and the Co-Op, Network Rail said [...]
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 [...]