Category Archives: Finance

New manufacturing news website goes live

After over 1000 blogs, the Whats Happening in Manufacturing blog spot has grown up and become the sector’s newest fully functioning 24/7 manufacturing news website. WHIMFING.com (What’s Happening In Manufacturing) boasts “no frills; just facts”. It’s “where busy people who … Continue reading

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‘Solid’ year for BAE Systems

The British defence contractor BAE Systems said today that it had “delivered a solid performance in 2013, against the background of reduced government spending and challenging market conditions”. Announcing its financial results for the year, BAE chief executive Ian King … Continue reading

Posted in Aerospace & defence, Company results, Finance, Manufacturing management, marine | Tagged | Leave a comment

Auto industry demand boosts Worcester press sales

The mechanical and hydraulic press provider Worcester Presses is aiming to mark 65 years of manufacturing in Stourbridge by hitting £1.75m annual sales in 2014, helped by capital investment by the automotive industry which has generated demand for its machines. … Continue reading

Posted in Aerospace & defence, apprenticeships, Automotive, Company results, Construction, Finance, Manufacturing management, metals | Tagged , , , | Leave a comment

PPI windfalls bolster UK auto industry, says Deloitte expert

Windfalls from mis-sold personal protection insurance (PPI) policies are fueling the UK’s automotive boom, according to a leading industry expert. Commenting on today’s new car registration data from the Society of Motor Manufacturers and Traders (SMMT), David Raistrick, the UK … Continue reading

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Manufacturing ‘attractive’ to private equity

A new report has revealed that manufacturing businesses in England attracted significantly more venture capital last year despite a fall in merger and acquisition (M&A) activity in the sector. According to data from law firm Irwin Mitchell, there was a … Continue reading

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Rolls-Royce and Wartsila pull out of takeover talks

Britain’s blue chip aero and marine engine maker Rolls-Royce and the Finnish marine and energy power plant company Wartsila each issued statements today (Thursday) confirming they had been in talks on a takeover deal, but that the discussions were now … Continue reading

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More credit available, says Bank of England report, but cost remains an issue

The latest Bank of England Credit Conditions Survey published today suggests that overall corporate credit availability “increased significantly” in the last quarter of 2013 with lenders reporting increases for small businesses and large private non-financial corporations (PNFCs). On the demand … Continue reading

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