UK’s biggest energy suppliers in need of rescue packages to take on customers of failed rivals
The UK has been shaken by the recent news of the energy market crisis. The main reason for the crisis is that wholesale prices of gas have increased by 250% since January, and by 70% since August. This has already put ten energy suppliers out of business. When a supplier fails, Ofgem appoints another more stable provider to take on their customers. However, with more suppliers ...
Digital transformation business PTC has agreed a new partnership with the Manufacturing Technology Centre that will help industry embrace the latest technologies.
PTC, which employs over 200 people in the UK, has become a Tier 2 member at the MTC and, as part of the agreement, will commit to providing the latest Augmented Reality, Industrial Internet of Things platforms, Product Lifecycle Management and CAD solutions to projects designed to equip OEMs and SMEs with more digital capability.
40% of UK manufacturers polled by ...
British rail companies are on track for potential Australian export boom thanks to the trade deal that will be signed later this year.
Australia is already the highest priority country for UK rail exporters, with more than £82 billion ($155billion AUD) being invested by Australia into its networks over the next decade, including new cross-country lines and modernised metros in cities including Melbourne.
The UK Government is being urged to channel the innovation in the defence sector across UK manufacturing, maximising the benefits and future technological opportunities for the rest of the economy, according to a major report published .
According to the Make UK Defence and Raytheon UK report Defence: Opportunity, resilience and prosperity, the defence sector makes a dynamic contribution to the UK economy, accounting for £12bn GVA and employing, directly or indirectly through supply chains, over 200,000 highly skilled employees. The sector ...
An Australian engineering company is planning to create 120 jobs in Newtownabbey over the next five years. Tribe Technology designs and builds autonomous drill rigs for the mining industry.
The development is being supported by a grant of just under £1m from Invest NI.
GLOBAL minerals company Sibelco have unveiled their target to reduce Scope 1-2 emissions intensity (tonnes CO2/revenue) by 5% per year from 2021 to 2030 (37% cumulatively), in line with best practices promoted by the Science Based Targets initiative (SBTi). ...
GE Renewable Energy has received the official planning approval from local authorities for its manufacturing plant in Teesside, UK, where LM Wind Power will operate the facility which will be dedicated to the production of its 107-metre-long blades for GE’s Haliade-X offshore wind turbines.
The construction of the blade manufacturing plant is planned to begin later this year, after all contractual documents are finalised.
Plans for the new facility were submitted to the local planning authorities this Spring.
The UK has fired up an ...
Jet2 has struck an agreement with Airbus to purchase 36 new Airbus A321 neo aircraft, and has also agreed flexibility to extend this order up to 60 aircraft.
The firm ordered aircraft deliveries stretch over five years until 2028, and at current prices represent a value of about $4.9bn/£3.6bn, with a total transaction value for up to 60 aircraft of roughly $8.1bn/£5.9bn.
Leeds-headquartered Jet2 says it has negotiated significant discounts from the list price for these aircraft.
UK new car registrations fell -22.0% in August, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). 68,033 units were registered in what is traditionally one of the quietest months of the year for new car registrations ahead of the important plate-change in September.
The monthly performance was the weakest since August 2013, and down -7.6% against the average recorded over the last decade, due in part to constrained supply as the global shortage of semiconductors, an ...
In a world first, and just one week after the Government’s Hydrogen Strategy was released, trials have started in the Liverpool City Region to produce float (sheet) glass using hydrogen.
The natural gas fossil fuel, normally used in the manufacturing process, will be completely replaced with hydrogen – showing how industry can significantly cut carbon emissions and take a big step towards reaching net zero.
The trials are taking place at Pilkington UK’s St Helens facility, where the company first began making glass ...
Mining giant BHP is set to leave the FTSE 100 index after unveiling plans to scrap the dual listing of its shares in London and Sydney.
The company, part of the UK's blue chip index since 2001, will move its main listing to Australia as part of a huge shake up announcement made on the 17th August.
BHP regularly tops the list of the FTSE 100's biggest companies, depending on fluctuations in market values. The move will see some investor funds that track ...