Category : Manufacturing


Aston Martin to Cut 500 Jobs as Profit Plunges 37%

British luxury carmaker Aston Martin is consulting on cutting 20% of its global workforce after revenue fell 21% to £1.3bn and profit dropped 37%. The company cites tariff pressures and geopolitical uncertainties but expects improvement in 2026 with Valha

Spotnails Secures £3m Funding for Expansion

Caerphilly-based industrial tools firm Spotnails has secured a £3m funding facility from HSBC UK and Development Bank of Wales to support its growth plans, including warehouse expansion and new e-shop.

Airbus Landmark Year as Aircraft Demand Soars

Airbus announces record financial performance for 2025, with revenues reaching €73.4bn and workforce expanding to over 165,000 amid surging global demand for commercial aircraft.

Rolls-Royce Hits Record High, FTSE 100 Reaches New Peak

Rolls-Royce shares surged to an all-time high of 1,325.50p, leading a defence sector rally that helped the FTSE 100 reach a record 10,672.50p. BAE Systems and other defence stocks also climbed amid UK defence spending plans.

UK Ambulance Maker Collapses, 164 Jobs in Jeopardy

O&H Vehicle Conversions, a specialist UK ambulance manufacturer based in East Yorkshire, has entered administration, threatening 164 jobs. Administrators were appointed on February 13, with delays in chassis delivery and production issues cited as key fac

Devon Tungsten Mine on Track for 2026 Production

Tungsten West has signed two major supply agreements for its Hemerdon mine near Plymouth, putting it on schedule to start production in 2026 and potentially supply 20% of global tungsten outside China.

Stellantis May Axe Six Car Brands After EV Loss

Stellantis, the global automotive giant, is under pressure to streamline its brand portfolio following a massive $26.5 billion electric vehicle write-down. Industry experts warn that six brands could be discontinued or sold.

New Factory for Top Gear Record Electric Car

McMurtry Automotive will manufacture its Spéirling PURE electric racing car, which smashed the Top Gear track record, at a new facility in Wotton-under-Edge, Gloucestershire.

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