Spirax Reiterates Guidance as First-Half Profits Rise
Spirax Group reports resilient H1: revenue up 5% to £863.8m, profit up to £171.1m, reiterates full-year guidance amid strong order book.
Category : Manufacturing
Stelrad Boosts Profits Despite Market Decline
Stelrad increases adjusted operating profits by 4.9% to £16.7m despite revenue falling to £124m and volumes down 14.6% in challenging markets.
Former Ikea CEO named JD Sports chair
Peter Agnefjäll, ex-Ikea CEO, becomes JD Sports chair from Sept 1, succeeding Darren Shapland, who stays as independent director.
PZ Cussons sales and profits rise after cost cuts
PZ Cussons, maker of Carex and Imperial Leather, saw turnover rise 5.8% to £541m and pre-tax profit up 22% to £50m, driven by cost cuts and marketing.
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Ibstock posts £27m loss and cuts dividend amid housing slump
Ibstock reports £27m first-half loss, cuts dividend to 0.5p as UK housebuilding slump deepens, with revenue down 15% to £164m.
Washington firm AEM secures £16m for rare-earth-free motors
Advanced Electric Machines (AEM) in Washington has secured £16m funding to develop rare-earth-free motors, creating over 20 jobs and expanding production.
JLR cuts up to 300 jobs amid tariffs and cyber attack
Jaguar Land Rover confirms up to 300 salaried and managerial roles to be axed as part of a restructure, hit by US tariffs and a crippling cyber attack.
Rolls-Royce raises outlook, shares up 4%
Rolls-Royce lifted its full-year profit forecast to £4.7bn-£4.9bn after H1 operating profit jumped 46%, driving shares 4% higher.
Engineering firm for Center Parcs, Lidl enters administration
Paramount Structures, an award-winning engineering consultancy with six UK offices, has appointed administrators. The firm worked on projects for Center Parcs, Lidl, and Premier Inn.
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Lenzing Grimsby plant closure by 2027 puts 215 jobs at risk
Lenzing Group plans to cease production at its Grimsby lyocell plant by end of 2027, putting 215 jobs at risk as part of a global restructure to focus on nonwovens.
West Brom Target Seven-Cap International Midfielder
West Bromwich Albion have expressed interest in a midfielder with seven senior international caps, according to sources. The club is looking to bolster their midfield options ahead of the upcoming transfer window.
Tek4 Plans AIM IPO Amid Defence Demand Surge
Leicestershire-based aerospace drilling firm Tek4 plans to raise £20m via an AIM listing at a £40m valuation, as conflict drives demand and a new factory boosts capacity by 80%.
Manchester synagogue attacker's friend jailed for life
Mohammad Bashir, 31, drove Jihad Al-Shamie on a 10-hour round trip to conduct hostile reconnaissance at the UK's Defence Academy in Shrivenham, Swindon, and has been sentenced to life imprisonment with a minimum term of 17 years.
Midland drug dealer with 50 Cent links jailed 18 years
Samir Hassan, 37, who worked for rapper 50 Cent, was jailed for 18.5 years for his role in a cocaine network that flooded Derbyshire with high-purity cocaine.
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Defence Stocks Surge as John Healey Appointed UK Chancellor
Shares in Rolls-Royce, Babcock, and BAE Systems hit record highs after John Healey became Chancellor, boosting investor confidence in increased defence spending and prioritisation of British firms.
New McDonald's near M5 in Somerset could create 120+ jobs
Plans for a McDonald's drive-thru at Bridgwater Gateway near M5 junction 24 could create over 120 jobs, with a decision expected before Christmas.
BLB Solicitors Collapse: £2.5m Owed to Creditors
BLB Solicitors collapsed into administration owing £2.53m to unsecured creditors, with no hope of repayment after a sale fell through.
Rachel Reeves £170 Charge on Pre-2017 Cars Before Exit
Outgoing Chancellor Rachel Reeves has confirmed new car tax rates, imposing a £170 annual charge on vehicles made before 2017 in Band D, as she prepares to be replaced by Andy Burnham's government.
Sydney Mitchell Retains Lexcel Accreditation
Birmingham law firm Sydney Mitchell has retained the Law Society's prestigious Lexcel accreditation, demonstrating excellence in legal practice management and client care.
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Gooch & Housego Accepts £345m US Private Equity Takeover
Gooch & Housego, a Somerset-based components manufacturer, has agreed to a £345.6m takeover by US private equity firm Arlington Capital Partners, offering shareholders 1,234.9 pence per share.
Rotork agrees to £4.1bn takeover by ABB
Bath-based engineering firm Rotork has agreed to a £4.1bn takeover by Swiss company ABB, with the deal unanimously recommended by Rotork's board and expected to operate as a separate division within ABB's Automation business area.
Daryl Dike Seeks New Club After West Brom Exit
Daryl Dike is searching for a new club after leaving West Bromwich Albion, with the striker's future in football uncertain following injury struggles.
AAB Opens St Michael's Office, Plans 200 Staff
Professional services firm AAB has launched a new office in Manchester's No.1 St Michael's, targeting a 200-strong team as part of a significant long-term investment in the city.
Rank Group Cuts Jobs Amid Gambling Tax Rise
Rank Group, owner of Grosvenor casino, has cut jobs and costs to offset the impact of Rachel Reeves' online gambling tax increase from 21% to 40%, while also proposing a £5m settlement to the Gambling Commission.
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Final Jackal 3 Vehicle Rolls Off Production Line at Devonport
The final British Army Jackal 3 vehicle has rolled off the production line at Devonport Dockyard, marking the completion of a 123-vehicle programme by Babcock.
Royal Warrant Holder SFM Technology Rescued
SFM Technology, a Somerset fruit machinery firm with a Royal Warrant, has been rescued from administration by Bramley Precision Aerospace, saving 15 jobs and preserving its legacy.
Halite Energy Group Goes Into Liquidation
Halite Energy Group, which won a legal battle against the UK government for a gas storage facility in Lancashire, has collapsed into liquidation after failing to secure funds to complete the project.
Hull Hydraulics Firm Secures Loan After Son Buyout
East Yorkshire Hydraulics, founded in 1979, has been acquired by founder's son Andrew Kirby and secured a six-figure loan from NPIF II – Mercia Debt Finance to drive expansion and target renewable energy.
Haribo Opens £35m Castleford Expansion
Haribo has launched a £35m expansion at its Castleford site, adding a new warehouse and production line. MP Yvette Cooper opened the facility, which supports 700 local jobs and boosts Yorkshire manufacturing.
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Low-key Tribute to Samuel Smith's Reclusive Owner
Samuel Smith's Old Brewery flew its Union flag at half-mast as a discreet tribute to owner Humphrey Smith, who ran the secretive, traditional brewing empire for 60 years.
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