Manufacturing news
February 2008
Manufacturers look to short term funding to ease cash flow concerns
SHORT term lenders are reporting an increase in the number of UK
manufacturers using 'bridging loans' to ease cash flow worries.
29 Feb 2008 10:30
Job cuts for BMW
Car manufacturer BMW is to cut its workforce by a further 5,600 during 2008 in order to cut costs.
28 Feb 2008 10:20
Top grocery brands see UK sales success
Coca-Cola has continued top the charts as Britain's bestselling grocery brand. The firm achieved sales of £959.9 million in 2007 - £350 million more than its nearest rival.
28 Feb 2008 10:44
Cadbury completes Monkhill sale
Cadbury Schweppes has announced that it has completed the sale of its Monkhill business to Tangerine Confectionery ltd.
26 Feb 2008 9:13
BAT buys Tekel
British American Tobacco (BAT) has won its auction bid to buy Tekel – the Turkish cigarette company.
25 Feb 2008 11:26
Tate & Lyle achieves Fairtrade accreditation
Tate & Lyle granulated white cane sugar sold in shops is now to feature the Fairtrade label on its packaging.
25 Feb 2008 11:13
Airbus orders likely to diminish
New aircraft orders are likely to decrease significantly during 2008 for aerospace manufacturer Airbus.
20 Feb 2008 9:53
Honda invests in UK production
Honda, the Japanese car maker, has announced plans to invest £80 million in developing production operations at its Wiltshire, UK site.
20 Feb 2008 13:51
BAE denies fraud accusations
Mike Turner, chief executive of BAE Systems, has spoken out in his company’s defence following the launch of a court case to investigate corruption claims.
19 Feb 2008 10:48
Reckitt Benckiser meets profit forecast
Reckitt Benckiser, the personal care and cleaning product manufacturer, has achieved an 18 per cent rise in profits during 2007, successfully meeting analyst forecasts for the year.
13 Feb 2008 15:28
Fosters brewer to close site
Scottish & Newcastle is to close its Reading brewery with the loss of 362 jobs.
12 Feb 2008 10:05
Officials raid chocolate firms
Chocolate manufacturers Nestle and Mars have confirmed that competition officials have raided their German headquarters.
11 Feb 2008 11:41
SMEs see growth in orders
The latest CBI quarterly SME Trends survey has shown a healthy increase in output for small and medium-sized manufacturers, with especially strong demand from overseas.
11 Feb 2008 9:53
Soaring costs hit supply chain
Surging input costs have resulted in the highest rate of output price inflation in 16 years, according to Office for National Statistics (ONS) figures.
11 Feb 2008 11:59
Aircraft demand set to double
Airbus has predicted that the current number of aircraft in the skies is likely to more than double over the course of the next two decades.
08 Feb 2008 11:06
HPC acquires Economatics divisions
HPC Compressed Air Systems has completed the purchase of the compressed air sales and service activities of Economatics Industrial.
08 Feb 2008 9:17
Bumper orders for Rolls-Royce
Rolls-Royce has achieved a 13 per cent increase in profits thanks to a surge in demand for jet engines.
07 Feb 2008 10:09
EU-industry green aircraft collaboration begins
European industry has begun a public-private initiative to begin producing more environmentally friendly aircraft.
06 Feb 2008 16:01
Harris Tweed makers join forces
Harris Tweed manufacturers have held their first summit in 12 years in the hope of revitalising the industry, which was once central to the Lewis economy.
05 Feb 2008 11:57
Media wins right to access BAE legal documents
The Financial Times has won its case calling for public access to government-blocked court documents, having been denied in its request to view details of the Serious Fraud Office probe into BAE Systems’ suspected bribery of Saudi Arabian officials.
05 Feb 2008 10:45
UK firm designs hypersonic plane
Oxfordshire-based R&D firm Reaction Engines has unveiled designs for a hypersonic passenger aeroplane, which could fly from northern Europe to Australia in under five hours.
05 Feb 2008 15:05
Welsh Siemens site to expand
Siemens Healthcare Diagnostics is set to expand manufacturing and distribution operations at its site in Llanberis, North Wales, creating up to 200 jobs.
05 Feb 2008 11:29
CIPS/NTC monthly report less encouraging
While CBI quarterly figures show a growth in orders, the CIPS/NTC Purchasing Managers’ Index (PMI) identifies a fall in business for January.
04 Feb 2008 12:00
Consumer slowdown hits brewing industry
Greene King and Fuller have both been experiencing increasingly difficult trading conditions due to a consumer slowdown.
04 Feb 2008 14:35
Success for first Airbus alternative fuel flight
Airbus has completed the first ever commercial aircraft flight powered using alternative fuel – stage one in its long-term testing programme examining the environmental impact of civil aviation fuels.
04 Feb 2008 9:58
UK manufacturing orders rise, but confidence slips
Manufacturing firms experienced an increase in orders in the past three months thanks to strong international demand for British-made goods, according to the CBI.
04 Feb 2008 11:05
Remploy receives £6.6 million MOD order
A £6.6 million MOD chemical, radiological, biological and nuclear suit order has been placed with disabled employer Remploy.
01 Feb 2008 14:07
UK manufacturers well placed in carbon economy
A new report conducted by EEF and Deloitte has shown the manufacturing sector to be comfortably positioned to take advantage of the business opportunities presented by the climate change combat targets.
01 Feb 2008 15:00
