BP Profits Surge 130% Amid Middle East Conflict
BP's Q1 2026 profits hit $3.2bn (£2.4bn), a 130% rise, as the Iran war boosts oil trading. UK households face 12% bill hikes in July amid energy firms' £23.1bn profits.
Category : Manufacturing
Iran War May Cause UK Food and Beer Shortages This Summer
A leaked UK government document warns that the ongoing Iran war could lead to food shortages, with CO2 levels dropping to 18%, affecting farming, hospitality, and beer supply ahead of the World Cup.
Bob Rudd Creates 40 Jobs After Key Deal
Bob Rudd partners with SX Leisure to supply 1,000 pubs with gaming equipment, creating 40 jobs and expanding nationwide service.
Roger Petch Transport Limited Collapses After 15 Years
Yorkshire-based Roger Petch Transport Limited, a family-run haulage firm, has gone into liquidation after 15 years. Liquidator Michael Jenkins has been appointed.
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Drug Mule Mother Spared Jail for £750k Cannabis Smuggle
Siobhan Osoem-Tulloch, 26, caught with 26kg cannabis at Birmingham Airport after Thailand trip, received a suspended sentence. She is pregnant and caring for one child.
Cramlington AAF revenue drops as it shifts focus to profitability
Cramlington-based air filter maker AAF reports revenue fall from £34.5m to £21.7m, but profit margins rise as it targets more profitable aftermarket sales amid global economic challenges.
Nestle to cut 450 UK jobs at KitKat factories
Nestle announces 450 job cuts from UK factories in York and Gatwick, primarily affecting staff and managers. The move is part of a global restructuring plan.
IKEA Ends MALM Range in UK After Two Decades
IKEA is phasing out its best-selling MALM flatpack furniture range from all UK stores after 23 years, citing changing customer preferences. The move sparks mixed reactions online.
Greencroft Bottling Profits Rise Despite Suez Canal Havoc
Greencroft Bottling saw profits rise to £2.78m despite Suez Canal disruption causing millions in penalties. Bosses also criticized a 'ridiculous tax' on the industry.
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Nearly 300 Jobs Lost as Welsh Furniture Firm Westbridge Collapses
Westbridge furniture manufacturer enters administration, resulting in 297 redundancies at its Holywell facility. IP and design rights sold to Whitemeadow.
South Wales Semiconductor Cluster Aims for 6,000 Jobs by 2030
The compound semiconductor cluster in South Wales aims to employ over 6,000 by 2030 with £1bn revenues, after supporting 3,140 jobs and £436m GVA in 2025.
TSB and Santander Cut Mortgage Rates Up to 0.8%
TSB and Santander announce mortgage rate reductions up to 0.8%, following Virgin Money. Borrowers urged to act quickly as lender confidence returns.
Bristol Tech Firm Exacta Group Hits Record £8.5m Q1
Exacta Group, a Bristol tech company founded in a storage unit, reports record £8.5m Q1 revenue, up over 60% year-on-year, driven by global demand for servers.
Denby Pottery Cuts 49 More Jobs in Manufacturing Closure
Administrators confirm 49 additional redundancies at historic Denby Pottery, following 80 layoffs earlier this month. The 217-year-old firm's manufacturing operations will close after failing to secure a buyer.
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Supercar Brake Disc Firm Enters Administration After Failed Sale
Surface Transforms, a Merseyside manufacturer of carbon-ceramic brake discs for supercars, has entered administration after losing its biggest contract and failing to find a buyer, resulting in significant job losses.
Bristol Blue Glass Closes Permanently on May 31
Bristol Blue Glass, a major UK kitchenware brand, announces its permanent closure on May 31, citing government policies, high taxes, and Middle East conflict impacts as key factors.
BMW Marks 25 Years of Modern Mini Made in UK
BMW Group commemorates the 25th anniversary of the modern Mini, highlighting its global success with nearly 4.7 million units built in Oxford and exported to over 100 countries.
Reckitt Faces £150m Cost Hit from Iran War Oil Prices
Consumer goods giant Reckitt Benckiser warns that elevated oil prices due to the Iran conflict could cost it up to £150 million in 2026, impacting consumer demand and profit margins.
THG Shares Surge on Best Quarterly Growth in 5 Years
Manchester-based e-commerce giant THG reports 7% revenue growth for Q1 2026, with shares climbing 9.5% as the company delivers its strongest quarterly performance since 2021.
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Nottingham Transport Firm Martyn Barratt Collapses
A family-run Midlands transport company, Martyn Barratt Transport, has entered administration. Administrators were appointed on April 13, impacting its 60-vehicle fleet based in Trowell, Nottingham.
Airbus Buys Second Cyber Security Firm in Under a Month
Airbus has agreed to acquire French cyber security firm Quarkslab, following its purchase of UK-based Ultra Cyber in March, to build a 'digital shield' in Europe.
Renishaw Raises Profit Outlook Amid Defence and Electronics Surge
Gloucestershire engineering firm Renishaw has increased its full-year revenue and profit guidance following a substantial expansion in orders, driven by strong demand from the semiconductor, electronics, aerospace, and defence sectors.
Ford Dethroned: UK's Top-Selling Cars List Unveiled
New research reveals the UK's 10 best-selling cars for March, with Chinese SUV Jaecoo 7 taking the top spot, ending Ford Puma's three-year reign. Electric vehicle registrations hit record highs amid industry concerns.
All Things Butter Secures £3.6m Investment for Tesco Launch
Somerset dairy brand All Things has secured a £3.6 million investment to expand its butter and cottage cheese ranges, with plans to launch in Tesco and expand internationally.
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Beauty Tech Group Profits Surge After London IPO
Manchester-founded Beauty Tech Group reports stronger-than-expected revenue of £141m, up 39.4%, in its first full year since floating on the London Stock Exchange, driven by global demand for at-home beauty devices.
Home Office Furniture Sale: Desks and Chairs Discounted
Office Furniture Online offers significant discounts on home office essentials, including desks reduced from £238 to £94 and chairs starting at £57, with free delivery and warranty included.
Boeing Wins £879m Apache and Chinook Contract with MoD
Boeing has been awarded an £879 million contract to maintain the UK's Apache and Chinook helicopter fleets, securing approximately 700 jobs across Scotland and southern England while supporting hundreds more in the supply chain.
Preferred Bidder Selected for Speciality Steel UK Sale
The Official Receiver has entered an exclusivity agreement with a preferred bidder for Speciality Steel UK, moving Britain's third largest steelworks closer to a sale after liquidation.
Nissan Moves Powertrain Work from Sunderland Jatco Plant
A £50m car parts factory in Sunderland is forced to seek alternative contracts after Nissan decides not to localise electric powertrain production, impacting regional EV ambitions.
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Imperial Brands Outlook Backed by Robust Pricing
Imperial Brands reiterates full-year guidance, citing strong pricing and growth in next-generation products despite declining tobacco volumes and geopolitical uncertainties.
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