Worcester centre under threat as Wolseley cuts 800 jobs

BUILDING supplies group Wolseley is to cut 800 jobs in the UK as it takes drastic action to address tough market conditions. The group, which has its UK headquarters in Leamington Spa, saw its trading profit fall 18% to £74m….

Mazak pins profit growth hopes on post-Brexit Euro strength

A weak euro has hit turnover and profit at the Worcester-based UK arm of Japanese group Mazak, one of the largest manufacturers in the Midlands, newly filed results have revealed. However, the currency’s recent strength against sterling following Britain’s vote…

EEF downgrades manufacturing growth forecasts for both this year and next

Manufacturing organisation EEF has downgraded its growth forecasts for both the economy and the manufacturing sector for 2016 and 2017.It said while activity levels remain largely unchanged from the second quarter, manufacturers’ confidence about future prospects for the overall UK…

Hill & Smith makes £10m acquisition

SHIRLEY-based engineering group, Hill & Smith, has strengthened its portfolio with a £10m acquisition – its second eight-figure deal in the space of two months.The group, which specialises in the infrastructure products and galvanizing services sectors, has completed the acquisition…

Manufacturer fails after funding shortfall

A Coventry manufacturer which made products for a range of industries, including aerospace, defence, and automotive, has closed down with the loss of more than 30 jobs, Insider can reveal. PowerKut Ltd was established in 2002 and called in administrators…

300 JCB telehandlers for Plant Hire UK

Haydock, UK, based rental company Plant Hire UK has placed an order for almost 400 machines with JCB worth £16.5 million. The bulk of the order is for 300 telehanders which will be delivered throughout this year. The deal includes…

New manufacturing hub opens in Wolverhampton

MANUFACTURERS in the West Midlands will need more cohesive support to remain competitive, it has been claimed. The support network for the crucial industry was dealt a hammer blow at the end of last year when the Government unexpectedly pulled…

Pressure Technologies Sinks As Orders Deteriorate In Second Quarter

LONDON (Alliance News) – High-pressure engineering company Pressure Technologies PLC on Wednesday said orders continued to decline in the second quarter of its financial year from the oil and gas industry, driving it to issue a profit warning. Pressure said…

Sales down for engineering giant as new boss is poised to take over

INTERNATIONAL engineering group Amec Foster Wheeler has reported a 1.5%  drop in income to £1.3bn in its first quarter trading update, as the company prepares to welcome a new chief executvie.However, its current chief financial officer and interim chief executive…

German manufacturer set to create 20 new jobs in move to the West Midlands

A GERMAN household appliance developer and manufacturer has opened its new UK base in the West Midlands, ahead of a recruitment drive to create 20 new jobs.Vorwerk, headquartered in Wuppertal, has set up a base in a 1,700 sq ft…