Archives by Tag 'Exporting Businesses'
Airbus reports record orders for 2011
Plane maker Airbus has reported record orders for 2011 but has warned that demand for new planes will fall sharply this year.The company said it received 1,419 orders worth about £91 billion ($140 billion) last year, compared with 805 for its fierce US rival Boeing. Demand for the fuel-efficient A320NEO medium-haul jet was particularly strong, [...]
Burberry sales rise 21% on Chinese exports growth
Fashion retailer Burberry has announced a 21% rise in fourth quarter sales as Chinese export growth continues.In the last quarter of 2011, revenue at the firm – famed for its camel, red and black check pattern – rose to £574 million with sales in Chinese shops up 30%. The firm opened a new flagship store [...]
Car parts firm Cobra UK to create 49 jobs
A new £12 million order to supply General Motors (GM) with parts will see the UK company double its workforce.Welshpool-based Cobra UK has won a contract to provide load space covers for the Vauxhall Astra, which is made at a plant in Cheshire. The expansion will create 49 jobs, taking the workforce to nearly 100. [...]
UK trade deficit narrows as exports hit a record growth
The UK’s trade deficit narrowed sharply in October, as the value of exports hit a record high new official figures have shown.The Office for National Statistics (ONS) said the deficit in goods fell to £7.6 billion, down from £10.2 billion September. Exports of goods rose to a record £26.5 billion, while imports fell from September’s [...]
UK service sector improves a new survey finds
The UK’s service sector activity picked up in November after falling in the previous month a closely-watched survey finds.The Markit/Cips services purchasing managers’ index (PMI) rose to 52.1 in the month, up from 51.3 in October. Any figure above 50 indicates growth. The service sector accounts for about two thirds of UK economic activity. The [...]
Scotch on the rocks as exports up 23 per cent
Scotch whisky exports rocketed up over the first nine months of this year, with the valuation of shipments rising by 23% on the same period last year.The value reached nearly £3 billion, with the industry pulling in £125 every second. Exports to Brazil were up nearly 50%, reaching almost 10 million litres of pure alcohol, [...]