Manufacturing NEWS

JCB to expand operations in Staffordshire and create 2,500 jobs by 2018

Construction and agricultural equipment manufacturer JCB announced on Friday that its planned investment of GBP150m, for expansion of operations in Staffordshire over the next five years, has been welcomed by the Chancellor of … Continue reading “JCB to expand operations in Staffordshire and create 2,500 jobs by 2018”


UK Government to reform pension charges

 Radical reforms to pension charges are to be brought forward by the UK Government, which will reduce the charges on pension schemes used for auto-enrollment, HM Treasury and Department for Work & Pensions … Continue reading “UK Government to reform pension charges”


The London Taxi Company resumes construction of the traditional black cab

The London Taxi Company has restarted production of the TX4 black cab at its manufacturing facilities in Coventry, the Society of Motor Manufacturers and Traders (SMMT) announced today. LTC was rescued from the … Continue reading “The London Taxi Company resumes construction of the traditional black cab”


Irish biotech group Elan puts itself on the block after advising against hostile bid from RP Management

Irish biotechnology firm Elan Corp plc (NYSE:ELN) said it was launching a formal sale given expressions of interest it had received and would invite hostile suitor RP Management LLC (Royalty Pharma) to take … Continue reading “Irish biotech group Elan puts itself on the block after advising against hostile bid from RP Management”


Tobacco group Philip Morris to take full control of Mexican arm in $700m deal

US tobacco group Philip Morris International Inc (NYSE:PM), or PMI, said it will take full control of its Mexican unit through the purchase of the remaining 20% in Philip Morris Mexico SA de … Continue reading “Tobacco group Philip Morris to take full control of Mexican arm in $700m deal”


French luxury group PPR has no plans to sell Puma stake

French luxury goods group PPR SA (EPA:PP), which owns a  83% stake in of Puma SE (ETR:PUM), is not looking to increase its interest in the German sporting equipment company at present, PPR’s … Continue reading “French luxury group PPR has no plans to sell Puma stake”


UK private equity firm Bridgepoint acquires France’s Flexitallic Group

UK-based private equity group Bridgepoint Capital Ltd has agreed to acquire French sealing solutions provider The Flexitallic Group from French buyout firm Eurazeo PME via a EUR450m (USD588.9m) deal, the target said. Flexitallic … Continue reading “UK private equity firm Bridgepoint acquires France’s Flexitallic Group”


GSK seeks buyers for Lucozade and Ribena brands — report

UK drugmaker GlaxoSmithKline Plc (LON:GSK) has hired JPMorgan Chase & Co (NYSE:JPM) and Greenhill & Co Inc (NYSE:GHL) to help it offload nutritional drink brands Lucozade and Ribena, a spokesperson told Reuters today. … Continue reading “GSK seeks buyers for Lucozade and Ribena brands — report”


France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m

French aerospace, defence and security firm Safran SA (EPA:SAF) said Tuesday it had agreed to buy UK Rolls-Royce Holding PLC’s (LON:RR) 50% interest in the joint RTM322 helicopter engine programme for EUR293m (USD382m) in … Continue reading “France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m”


City and Gatwick owner circles Hochtief’s airport assets

German construction group Hochtief AG (FRA:HOT) has received offers for the holdings in five airports it has put on sale, Reuters reported, quoting two people in the know. Fraport AG (ETR:FRA), which runs … Continue reading “City and Gatwick owner circles Hochtief’s airport assets”


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