‘Very unusual’ fire caused rocket explosion, delaying first space launch bid August 24, 2024 Engineers have identified a “very unusual” oxygen fire in a turbopump as the reason a rocket engine exploded during a test at the spaceport in Shetland earlier this week.
Aircraft orders still lagging behind despite UK airlines hitting 2024 high August 23, 2024 The number of aircrafts being ordered by UK airlines hit its highest monthly figure in July as a slew of deals at the Farnborough Airshow helped the industry weather wider supply chain issues. Some 131 orders were placed over the month, outpacing every other month in 2024 and representing the largest July delivery rate on [...]
Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]
Cammell Laird: ‘Boaty McBoatface’ maker hails historic year August 20, 2024 Cammell Laird, the company that built the ship that was almost known as ‘Boaty McBoatface’, has hailed its latest financial year as one of its most successful since being founded in 1828. The Birkenhead-based business, which completed work on the RRS Sir David Attenborough in the summer of 2021, has reported a pre-tax profit of £6.8m for the [...]
Typhoo Tea: Loss widens after trespassers cause ‘extensive damage’ to factory August 20, 2024 Typhoo Tea made a loss of almost £40m during its latest financial year after trespassers caused “extensive damage” to its Merseyside factory. The company, which recently relocated its registered office from Birkenhead, Merseyside, to Bristol, incurred one-off costs of more than £20m after its Moreton factory was broken into and occupied for several days during [...]
Workers to strike at Rolls-Royce supplier owned by Warren Buffett’s Berkshire Hathaway August 14, 2024 Almost 200 workers at a supplier to the likes of Airbus, Rolls-Royce and BAE Systems are to strike over an “unacceptable” pay offer. The employees at SPS Technologies in Leicester will begin industrial action later this month, union Unite has confirmed. SPS Technologies is part of Precision Castparts Corp which is owned by Warren Buffett’s [...]
Volvo: Record-breaking year for car maker as UK sales near £2bn August 7, 2024 Volvo's UK sales jumped closer to the £2bn mark after another record-breaking year, it has been revealed in newly filed accounts.
BMW back in the black after UK sales move up a gear August 7, 2024 The UK arm of BMW surged back into the black during 2023 thanks to a jump in sales across all its brands. The Hampshire-headquartered division has reported a pre-tax profit of £114m for the year after posting a pre-tax loss of £16.8m in the prior period. Newly-filed accounts with Companies House also show that its [...]
Raleigh: Future of historic bicycle maker in doubt July 24, 2024 The future of Raleigh, which was once the largest bicycle maker in the world, has been put into doubt after being served with warning notices from Companies House.
Aston Martin loses over £200m ahead of production ramp-up July 24, 2024 A fall in demand for luxury models led to Aston Martin losing more than £200m during the first half of 2023, it has been revealed.
