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....The public debate about jobs in the US has been dominated by Trump’s fixation with a particular vision of masculine, blue collar employment: a white man in a hard hat, mining coal in Appalachia or clocking hours on an assembly line in the industrial midwest. But for years, the employment impact of those industries has been dwarfed by the retail sector, which surpassed manufacturing’s total employment in 2002 and now accounts for about 10% of the entire working population, or 16 million people. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 09:00:35 AM
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.... In 1985 Nokia launched its first mobile phone, the Mobira Talkman, but it was 1987’s Cityman which shot to fame when pictured in use by Mikhail Gorbachev. By 1998, Nokia had overtaken mobile phone pioneer Motorola to become the bestselling global mobile phone brand, manufacturing its 100-millionth phone by December that year, with revenues of $20bn (then £13bn) and 55,000 staff by the year 2000. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:45:10 PM
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....Wednesday’s abrupt decision came after Trump confidante Stephen Schwarzman, chief executive of the Blackstone Group, held a conference call for about a dozen members of the strategic and policy forum who decided to abandon it, the New York Times reported. Executives from the manufacturing council had been due to hold a similar call that afternoon, the paper added. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:35:36 PM
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.... He said: “Of course there are different views on elements of the deal, because departments have their own specific interests. “Treasury is obviously concerned about the City; Business, Energy and Industry are concerned about things like research and manufacturing. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 08:32:19 AM
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.... A 2005 investigation found that the £3bn ($3. 9bn) in subsidies that the UK receives from the CAP went largely to major agribusiness and food-manufacturing companies, such as Nestlé, Cadbury, and Kraft. ... [Read full article on Guardian ]
Thursday 17th of August 2017 07:21:07 AM
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.... And it has helped fuel populist movements on both left and right. Despite some of the EU safeguards, hyper-globalisation has encouraged an explosion in debt, a continued fixation with short-term profit, and a failure to invest in long-term productive manufacturing – all largely to the benefit of the top 1%, today’s greedy and gross super-elite. ... [Read full article on Guardian ]
Friday 11th of August 2017 06:00:51 AM
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Latest Finance News related to Manufacturing

Brexit is a chance for farming reform – but we must get the policy right | Ngaire Woods image
.... A 2005 investigation found that the £3bn ($3. 9bn) in subsidies that the UK receives from the CAP went largely to major agribusiness and food-manufacturing companies, such as Nestlé, Cadbury, and Kraft. ...
Nokia 8 hopes to beat Apple and Samsung with 'bothie', a new version of the selfie image
.... In 1985 Nokia launched its first mobile phone, the Mobira Talkman, but it was 1987’s Cityman which shot to fame when pictured in use by Mikhail Gorbachev. By 1998, Nokia had overtaken mobile phone pioneer Motorola to become the bestselling global mobile phone brand, manufacturing its 100-millionth phone by December that year, with revenues of $20bn (then £13bn) and 55,000 staff by the year 2000. ...
Trump disbands business councils as CEOs flee after Charlottesville remarks image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:35:36 PM
....Wednesday’s abrupt decision came after Trump confidante Stephen Schwarzman, chief executive of the Blackstone Group, held a conference call for about a dozen members of the strategic and policy forum who decided to abandon it, the New York Times reported. Executives from the manufacturing council had been due to hold a similar call that afternoon, the paper added. ...
End of the checkout line: the looming crisis for American cashiers image
Source : Guardian [Read Article] Wednesday 16th of August 2017 09:00:35 AM
....The public debate about jobs in the US has been dominated by Trump’s fixation with a particular vision of masculine, blue collar employment: a white man in a hard hat, mining coal in Appalachia or clocking hours on an assembly line in the industrial midwest. But for years, the employment impact of those industries has been dwarfed by the retail sector, which surpassed manufacturing’s total employment in 2002 and now accounts for about 10% of the entire working population, or 16 million people. ...
UK may have to pay EU in temporary customs union, Davis suggests image
Source : Guardian [Read Article] Tuesday 15th of August 2017 08:32:19 AM
.... He said: “Of course there are different views on elements of the deal, because departments have their own specific interests. “Treasury is obviously concerned about the City; Business, Energy and Industry are concerned about things like research and manufacturing. ...
Jacques Delors foresaw the perils of austerity. How we need his wisdom now | Mark Seddon image
.... And it has helped fuel populist movements on both left and right. Despite some of the EU safeguards, hyper-globalisation has encouraged an explosion in debt, a continued fixation with short-term profit, and a failure to invest in long-term productive manufacturing – all largely to the benefit of the top 1%, today’s greedy and gross super-elite. ...
Lego replaces British chief after just eight months at helm image
Source : Guardian [Read Article] Thursday 10th of August 2017 06:51:57 PM
....Lego has replaced its British chief executive, the first non-Danish person to run the toy company, after just eight months, saying that at the age of 61 he was never expected to be in the position long-term. The toymaker said Bali Padda would make way for Niels Christiansen, a 51-year-old former chief executive of Danfoss, a Danish manufacturing and technology company. ...
Tesla seeking to test driver-free electric trucks on public roads image
Source : Guardian [Read Article] Thursday 10th of August 2017 10:55:23 AM
....Silicon Valley startup Peloton Technology, for example, is working with several truck makers including Volvo on its so-called platooning or road train system, which it sees as a precursor to autonomy. While established trucking companies and truck manufacturing startups have poured resources into electrifying local package delivery fleets, battery range limitations have largely kept the industry from making electric trucks that travel across swaths of the country. ...
Monsanto sold banned chemicals for years despite known health risks, archives reveal image
.... Wallonia’s agriculture minister called it “the most serious economic crisis Belgium has known since the war”. Monsanto began manufacturing PCBs in 1935, after acquiring the Swann chemical company. ...
Pay is finally edging up, says Bank of England report image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:39:17 PM
.... “Service sector employment intentions reflected the slight pick-up in activity earlier in the year within professional business services. Growth in manufacturing intentions was stable and was dampened by a stronger focus on productivity improvements and automation over job creation. ...
Mazda boosts petrol engine efficiency in fresh blow to diesel image
Source : Guardian [Read Article] Tuesday 8th of August 2017 06:06:32 PM
.... The engine ignites petrol through compression, removing the need for spark plugs and increasing fuel efficiency. The announcement places traditional engines at the centre of Mazda’s manufacturing strategy, days after the company – which sells 1. ...
Why 'economic anxiety' doesn't explain One Nation and the far-right's return | Greg Jericho image
....As the paper notes, these changes have geographic consequences. Its authors note that “the loss of agricultural and manufacturing jobs is felt most acutely in regional areas and on the city fringes” – think, for example, about the loss of car manufacturers in Geelong, Elizabeth and Altona. ...
Only a big-spending budget can save us from years of low interest rates image
Source : Guardian [Read Article] Saturday 5th of August 2017 04:00:16 PM
....More than that. Chadha says the Bank is manufacturing its own vicious circle when it argues that weak growth must lead to low interest rates for longer. ...
No more heavy loads: experts develop greener, lighter washing machine image
Source : Guardian [Read Article] Friday 4th of August 2017 01:19:34 PM
....5m washing machines are sold a year in the UK, and the team said that if each were fitted with the device, the carbon savings would equate to about 44,625 tonnes of carbon dioxide, in addition to the reduced fuel consumption. The idea for the project came from Tochi Tech, a design company working with researchers and students at the university to find innovative and sustainable solutions to appliance manufacturing. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
.... He based his deputy leadership bid around attacks on “free-market dogma”, and warnings about “the material insecurities” and proliferation of low-skilled jobs in his and other working-class constituencies. Once famous for highly unionised car manufacturing, Dagenham was becoming a patchwork of derelict former factory sites and casualised, low-paid work in retail. ...
Populist trade policies won’t protect jobs anywhere in the world | Kenneth Rogoff image
.... The same angst that Americans and Europeans have about the future of jobs is an order of magnitude higher in Asia. Should India aim to follow the traditional manufacturing export model that Japan pioneered and that so many others, including China, have followed? Where would that lead if, over the next couple of decades, automation is going to make most such jobs obsolete?. ...
Greggs sees window of opportunity in drive-through shops image
Source : Guardian [Read Article] Tuesday 1st of August 2017 03:27:01 PM
....The Brexit shock to the pound, as well as spikes in the cost of key ingredients such as butter, put pressure on Greggs’ profit margins in the first six months of the year. Whiteside said the business saw cost input inflation of 7% over the period, but savings within its manufacturing operation had shielded customers from the impact. ...
Eurozone economy grows twice as fast as UK's, figures show image
Source : Guardian [Read Article] Tuesday 1st of August 2017 12:07:04 PM
....While UK growth was slower over the first half of this year, some business surveys have suggested it could quicken in the second half. The latest check on manufacturing on Tuesday pointed to a rise in activity in July, helped by strong growth in export orders. ...
Nissan attacked for one of 'nastiest anti-union campaigns' in modern US history image
....The Republican governor, Phil Bryant, has also come out hard for Nissan. “If you want to take away your job, if you want to end manufacturing as we know it in Mississippi, just start expanding unions,” Bryant said last week. ...
Elon Musk hands over first Tesla Model 3 electric cars to buyers image
Source : Guardian [Read Article] Saturday 29th of July 2017 04:59:50 AM
....Hours before the event, Musk acknowledged it would be “quite a challenge” to build the car during the early days of production. “We’re going to go through at least six months of manufacturing hell,” Musk told journalists. ...
GSK to cut drug development projects to focus on 'winners' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:36:06 PM
.... She wants £1bn of annual cost savings by 2020, which will be used to fund the development and launch of new products and offset the impact of pressure on drug pricing. GSK already announced last week that it would sell its Horlicks UK brand, shut the Slough factory where the malt drink is made, ditch plans for a new biopharmaceutical factory in Cumbria and outsource some manufacturing from its Worthing site in West Sussex, with the loss of 320 jobs in Britain. ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
.... The head of its driverless car unit, Jim Hackett, was handed the top job. The switch to electric cars will require a significant investment by carmakers, experts said, as the companies re-skill their workforces, invest in research and development and retool their manufacturing facilities. ...
Boots ends 130 years of manufacturing as it sells off factories image
Source : Guardian [Read Article] Wednesday 26th of July 2017 12:24:08 PM
. Unions have raised concerns about the future of more than 1,000 UK manufacturing jobs after the owner of Boots sold its manufacturing business to France-based specialist Fareva, including the Nottingham factory that it opened in the 1930s. ...
UK factory output grows at fastest rate since mid-1990s image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:24:14 PM
....The business lobby group said the fall in sterling over the last year – a 12% decline against the dollar – continued to bolster export orders while domestic demand for manufactured goods remained strong. Firms were optimistic about the prospects for future orders and planned to increase employment after a resurgence across most manufacturing sectors in recent months. ...
BMW pledges to build new e-Mini at UK car plant image
Source : Guardian [Read Article] Tuesday 25th of July 2017 01:14:23 PM
....”. The motor industry has warned that Brexit could be seriously damaging for manufacturing in Britain, should any tariffs be introduced. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
....Reckitt Benckiser said on Monday that it expects muted sales growth this year, after last month’s global cyber-attack exacerbated ongoing difficulties at the British consumer goods firm. The maker of Durex condoms and Lysol disinfectants said the June cyberattack had interrupted output at many of its 60-plus factories, hobbling systems for everything from manufacturing to shipping. ...
VW calls crisis meeting to discuss EU cartel inquiry, source says image
Source : Guardian [Read Article] Monday 24th of July 2017 01:46:00 PM
. The whiff of scandal around the German car manufacturing industry may be set to intensify, as Volkswagen prepares to hold a top-level meeting to discuss allegations that carmakers colluded to bring down the cost of components – including some used to control diesel emissions. ...
Mississippi Nissan workers hope for historic win in 14-year fight to unionize image
....Figgers is attending a meeting of 100 Nissan workers at a church preparing for the last push ahead of a historic union election for 4,000 Nissan workers set to take place on 2-3 August in Canton, Mississippi. The vote is the culmination of 14-year campaign to organize the Nissan plant, 80% of whose employees are African American, and a major test for unions who have struggled to make inroads in the southern states as manufacturing jobs have migrated south. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
....UK firms had a tougher time in June than was expected, with business activity growing at its weakest pace for four months. Growth slowed in all three key areas of manufacturing, construction and services according to the Markit/CIPS purchasing managers’ indices (PMIs). ...
The UK’s Brexit negotiators are powered by little more than hope image
Source : Guardian [Read Article] Saturday 22nd of July 2017 04:00:42 PM
....Nonetheless, he talks big about his prospects for a deal, citing the recent EU-Japan and EU-Canada trade deals as examples of what can be achieved. What he ignores is that the EU-Japan deal only covers manufacturing and even then, there are flaws in the scheme that relate back to our relationship with the rest of Europe. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
....Tarak Ramzan, who at 64 is the driving force behind the business, will continue to run it as chief executive. His father Mohammad emigrated from Pakistan to Scotland in the 1940s and went on to found a successful manufacturing business, which he handed on to his son when he was 18. ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
. GlaxoSmithKline has unveiled plans to sell its Horlicks brand in the UK, shut the Slough plant where the malt drink is made and abandon a proposed £350m biopharmaceutical manufacturing plant in Cumbria. ...
Incomes in south-east of England 'are 25% higher than in West Midlands' image
....Frances O’Grady, the TUC general secretary, said ministers could not shrug off findings from the Institute for Fiscal Studies indicating that incomes in the most prosperous part of Britain – the south-east of England – were 25% higher than in the poorest region, the West Midlands. The IFS’s annual living standards, poverty and inequality report highlighted Britain’s growing north-south divide and the impact of decades of deindustrialisation on living standards in the UK’s traditional manufacturing heartlands. ...
UK business confidence at lowest point for six years, say forecasters image
....However, the headline figure masks vastly different views of the world depending on the respondents’ business sector. The service sector recorded a score of +32%, while more upbeat manufacturing firms, who are hoping for gains in new export markets, scored a balance of +49%. ...
UK 'sleepwalking' into food insecurity after Brexit, academics say image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....”. The report highlights the threat to agriculture and the wider food industry from uncertainty about migrant workers, noting that a third of the workforce in food manufacturing, the largest single UK manufacturing sector, comes from overseas. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
....“Brexit is not of the industry’s making. Banks and financial services don’t have a choice but to respond to it and they are reaching out because customers want to know ‘will you be able to finance my manufacturing plant in Germany in two years’ time?’; ‘will you be able to provide working capital?’; ‘will the pensions services be the same?’,” he said. ...
The new bar from Mars – light on chocolate, light on calories image
Source : Guardian [Read Article] Friday 14th of July 2017 04:55:51 PM
.... However, at the same time the snack bar market is growing. The recipe for Goodness Knows was honed in development kitchens at the Mars manufacturing plant in Slough, Berkshire, over the last 18 months. ...
One in three Burberry shareholders revolt against executive pay deal image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:37:20 PM
....Gobbetti said he would spend time talking to shareholders, customers and people inside the business around the world, particular outside Asia, where he has been working for Burberry since January due to restrictions under his contract with former employer, the French brand Céline. Gobbetti also reiterated Burberry’s commitment to manufacturing in Leeds and said that dropping the option on developing the listed Temple Mill building, as revealed on Wednesday, simply meant dropping one option for the project. ...
Burberry drops plans to redevelop Leeds mill despite pick-up in sales image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:52:25 PM
....The strong Asian sales and ongoing UK growth helped offset declines in the Middle East, the US and in some continental European areas including Italy, where Brown said Burberry faced tough competition from local luxury labels. Despite the strong performance, Burberry said it had told Leeds city council it would not be taking up an option to redevelop the grade 1 listed Temple Mill, which was part of a £50m project to bring its textile and raincoat manufacturing under one roof. ...
Store Twenty One goes into liquidation with loss of 900 jobs image
Source : Guardian [Read Article] Tuesday 11th of July 2017 03:29:06 PM
....”. Store Twenty One started in the 1930s as a manufacturing business supplying retailers including Marks & Spencer. ...
Is a car maker about to save the planet? | Zoe Williams image
Source : Guardian [Read Article] Monday 10th of July 2017 05:00:05 AM
.... A comparison often made is to the tobacco industry, which kept itself going by indignantly denying claims that its products caused death. But if a cigarette had come along that did the same job and didn’t cause cancer, would it have seriously quashed it simply to protect its existing manufacturing model? And if it had, would that have been business or pleasure?. ...
One by one, Brexit’s ‘salvations’ are seen to be illusory | Nick Cohen image
.... It refuses to support leaving the EU but staying in the single market, because the great anti-racist party wants to bar EU migrants. Like May, it is not telling its anti-immigrant supporters the truth that leaving the single market will hit manufacturing workers the hardest and crush the aspirations of the young. ...
US jobs report shows sharp recovery in June but wage growth remains slow image
....Once again, the largest growth areas were in low-paying service industry jobs, and not in the higher-paying blue-collar industries Trump has pledged to support. Mining, an area in which Trump has promised to bring back jobs, added 8,000 positions over the month, but manufacturing and construction saw little change. ...
Reckitt Benckiser warns of permanent sales hit from cyber attack image
....Household products giant Reckitt Benckiser has said last month's malware cyber attack could lead to a permanent loss of revenue. The attack disrupted manufacturing and ordering systems at the company, whose products include Nurofen and Dettol. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....Shares in consumer health giant Reckitt Benckiser fell 2% after the company cut its revenue growth forecast as a result of last week's cyber-attack. Reckitt- whose products include Nurofen and Cillit Bang - said like-for-like revenue growth in the second quarter of the year would be cut by 2% as a result of the disruption to manufacturing caused by the attack. ...
UK services sector growth hits four-month low amid Brexit fears image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:39:28 AM
. Slowing growth across Britain’s services companies in June completed a “triple whammy” of disappointing economic news this week that also saw growth in the construction and manufacturing industries fade in response to Brexit uncertainty and weak consumer confidence. ...
How the wheels came off my complaint to Very image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:00:33 AM
.... A year’s warranty is not long for an item of luggage – in our experience, the industry standard is five or even 10 years. A warranty covers manufacturing defects only – not normal wear and tear or damage caused by the airline/carrier. ...
Tell Donald Trump: the Paris climate deal is very good for America | Joseph Stiglitz image
....Under President Donald Trump’s leadership, the United States took another major step toward establishing itself as a rogue state on 1 June, when it withdrew from the Paris climate agreement. For years, Trump has indulged the strange conspiracy theory that, as he put it in 2012: “The concept of global warming was created by and for the Chinese in order to make US manufacturing non-competitive. ...
Flying high image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:09:01 PM
....Despite this, there have been attempts over the past couple of decades to bring some of the glamour back to flying, by trying to revolutionise the private aviation market. Some of these endeavours relied on the use of innovative manufacturing techniques that promised to produce small aircraft at lower costs than previously thought possible, and then to use these aeroplanes to offer new services. ...
Barclays sees the beak about the bailout image
Source : Guardian [Read Article] Sunday 2nd of July 2017 05:59:20 AM
....The general election threw up all sorts of unwelcome surprises for Theresa May at the beginning of last month. What effect this latest stormy period in British politics will have on the economy will emerge to some extent this week, with the release of the purchasing managers’ index (PMI) data on the services and manufacturing sectors. ...
Household income falling at fastest rate since 1976 as UK savings rates crash image
....Spending in the shops, new car sales and property transactions have all showed signs of weakness, and the Bank of England has expressed concern about rising levels of consumer debt. Monthly health checks on manufacturing, construction and services due next week will be scrutinised for signs that the hung parliament is now having an impact on business confidence, but the ONS figures show that the economy was already fragile when Theresa May called the general election. ...
Records come round again: Sony to open vinyl factory in Japan image
Source : Guardian [Read Article] Thursday 29th of June 2017 05:41:06 PM
.... If sales continue to climb – 3. 2m vinyl records were sold in the UK in 2016, up 53% on the year before – Sony may not be the only label wanting its own manufacturing plants, as was common practice in the 1970s and 1980s. ...
Sony Music goes back to vinyl records image
Source : BBC [Read Article] Thursday 29th of June 2017 12:42:22 PM
....Vinyl records have been growing in popularity again in recent years, boosted by events such as Record Store Day in April every year, for which record companies produce special limited-edition singles and albums. Sony's move comes a few months after it equipped its Tokyo studio with a cutting lathe, used to produce the master discs needed for manufacturing vinyl records. ...
Rolls-Royce vows to protect 7,000 jobs with £150m investment image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:04:16 AM
....The overall plan also includes investment in Rolls-Royce’s large engine maintenance, repair and overhaul facility, as well as the Hucknall and Annesley sites in Nottinghamshire. The trade union Unite, which had been campaigning for extra investment from Rolls-Royce, said the plan “effectively secures the manufacturing base of Roll-Royce in the UK for the next 20 years, along with 7,000 high-quality jobs”. ...
Trains, planes and automobiles: the transport systems embracing smart tech image
....The big innovation on the horizon for road transportation is driverless cars. In car manufacturing, we will see a new generation of “smart” motoring technology, says Kate Rock, a spokeswoman for Goodyear Tyres, who have just launched the Eagle 360 Urban, an artificial intelligence tyre. ...
Brexit could destroy the UK's food and farming industry – or be the making of it | Felicity Lawrence image
.... It lay buried through most of the referendum campaign – but if not skilfully defused, it could go off with devastating consequences for our food system. Consider these little-discussed facts: that food and drink is the UK’s largest remaining manufacturing sector – it’s bigger than the car and aerospace industries combined, and contributes over £28bn a year to the economy; that Europe is its most significant export market; that across the whole chain including farming, food accounts for over 13% of national employment; that 55% of all UK farm income is derived from European subsidies; that since we only produce just over half of what we eat, we depend on European imports for a quarter of our consumption; and that the sector has become so dependent on European migrant workers that without them it could collapse, as British strawberry growers have just warned. ...
'Why should we leave innovation to the biggest companies in the world?' image
....It was on a budget flight that Sarah Giblin had the idea for what is now her business, Riut. Despite having no background or training in design or manufacturing, the former professional classical singer decided to revolutionise the humble backpack. ...
BA debacle sees couple spend wedding night on an airport bench image
Source : Guardian [Read Article] Sunday 25th of June 2017 05:59:21 AM
....The exception is if the cause of the delay is an “extraordinary circumstance” beyond the airline’s control. The regulation fails to spell out what could be considered such a circumstance, but a supreme court ruling in 2014 established that technical failures are part and parcel of aviation and do not exempt airlines from paying out unless they are a hidden manufacturing fault. ...
UK manufacturing soars thanks to weak pound and global recovery image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:55:53 AM
....Britain’s manufacturers are enjoying the strongest demand for their products in almost 30 years as a recovering global economy and a weaker pound boost order books. The monthly snapshot from the CBI found that export and total order books were both at their highest for decades – providing some hope that a stronger manufacturing sector would cushion the effect of higher inflation on consumer spending. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....The squeeze on consumers was clear in a poll of services firms – the biggest part of the UK economy. The construction and manufacturing sectors beat City economists’ forecasts last month, according to the Markit/CIPS purchasing managers’ indices (PMIs). ...
Carmakers call for interim Brexit deal or risk falling off 'cliff edge' image
....The UK and EU automotive sectors are highly integrated, and Hawes warned that a bespoke deal – which would need to cover rules on tariff and non-tariff barriers, and regulatory and labour issues – could not be completed within five years. Almost 60% of the cars made in the UK are sold in Europe, and many components travel back and forth across the Channel to various plants during the manufacturing process. ...
Derby-based Bombardier beats German rival to £900m train contract image
Source : Guardian [Read Article] Tuesday 20th of June 2017 09:01:04 AM
....British industry has received a boost from a £900m train order that once looked destined for Germany but is instead going to the Bombardier plant in Derby, safeguarding about 2,500 skilled jobs. A fleet of 90 commuter trains for the South Western franchise will be built at the country’s oldest train manufacturing site, one of only two left in the UK. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....“The collective sigh of relief will be audible. The benefit to our economy will be huge, in established sectors like manufacturing, the car industry, financial services, and pharmaceuticals; in emerging areas like biotech, and fintech; in the housing market; in the services sector; in the travel industry; in companies, large and small, right up and down our country, employing, between them, millions of people. ...
Did you hear the one about the inequality and the thinktank? image
Source : Guardian [Read Article] Monday 19th of June 2017 11:28:57 AM
....On Wednesday we get the latest instalment of the Bank of England’s agents’ summary of business conditions – effectively a report from Threadneedle Street’s eyes and ears on the ground around the country. The field agents talk to hundreds of businesses and report back with scores and comments on the health of consumer spending, manufacturing, the housing market, pay awards and costs faced by business and consumers. ...
Jaguar Land Rover to recruit 5,000 staff after record year of sales image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:50:45 PM
....The company said it would also accept applications via traditional routes such as the JLR careers website. JLR’s main UK manufacturing and engineering sites are in Solihull and Castle Bromwich in Birmingham, Wolverhampton, Gaydon, Coventry and Halewood in Liverpool. ...
Life and death in Apple’s forbidden city image
Source : Guardian [Read Article] Sunday 18th of June 2017 08:30:02 AM
.... The country’s vast, unprecedented production capabilities – the US Bureau of Labor Statistics estimated that as of 2009 there were 99 million factory workers in China – have helped the nation become the world’s second largest economy. And since the first iPhone shipped, the company doing the lion’s share of the manufacturing is the Taiwanese Hon Hai Precision Industry Co, Ltd, better known by its trade name, Foxconn. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
....6% in May for the third month in a row. Jonathan Athow, the ONS deputy national statistician, said: “The rate of increase in factory gate prices has levelled now that manufacturing input costs have started to fall back. ...
UK employers plan to keep hiring despite Brexit and slow growth image
Source : Guardian [Read Article] Tuesday 13th of June 2017 05:01:47 AM
....Hick also cited support for manufacturers which export thanks to the boost to competitiveness from a weaker pound. “Manufacturing is the standout sector this quarter, driven by investment from outside the UK; following the shock election result, currency is cheap and sterling’s weakness is manufacturing’s strength,” he said. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
....3% jump in April when Easter holidays and warm weather appeared to buoy trade. Beyond the retail sector there have been signs of a slowdown in other parts of the economy, with official figures last week showing output in the manufacturing and construction sectors missed expectations on the latest measures. ...
UK industrial output weaker than expected image
Source : BBC [Read Article] Friday 9th of June 2017 10:05:52 AM
....The ONS said that in the three months to April industrial output was down by 1. 2%, driven by falls in energy and manufacturing. ...
Business and City leaders call for reassurance image
Source : BBC [Read Article] Friday 9th of June 2017 08:06:32 AM
....The Institute of Directors demanded a focus on preparing for Brexit talks and to move away from political "rhetoric". And the manufacturing organisation, the EEF, said it wanted a "careful rethink" on Britain's Brexit negotiation strategy. ...

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