Archives by Tag 'winning businesses'
UK economic growth revised up to 0.6% by officials
The UK economy grew by 0.6% between July and September, official figures have shown- which is faster than previous estimates of 0.5%.Growth was driven by strong performance in the service sector and construction. However, the growth estimate for the second quarter of the year was revised down from 0.1% to zero by the Office for [...]
Toyota seeks to boost production by 20%
Toyota has said it plans to increase production by 20% next year as it tries to recover ground lost due to March’s earthquake in Japan and the recent floods in Thailand.The company aims to produce 8.48 million vehicles in 2012 and increase sales by a quarter to 8.65 million. Toyota is due to lose its [...]
UK car production up for sixth month in November
Car production in the UK rose for the sixth straight month in November according to the Society of Motor Manufacturers and Traders (SMMT).A total of 136,111 cars were made last month, up 8.5% from the same point last year. UK engine production rose by 1.7% in November. “UK vehicle and engine production continues to lead [...]
Moss Bros reports strong sales increase
Menswear retailer Moss Bros has unveiled a double digit increase in sales as its efforts to turn around its fortunes continue.In the 19 weeks to December 10, gross profits were up 7.9% with sales on a same store basis rising by 10.5%. The figures follow the sale of Hugo Boss and Cecil Gee stores in [...]
Sports Direct sales rise despite fragile business climate
Sports Direct has hailed a “strong performance” after reporting half-year pre-tax profits of £100.3 million- a modest increase from the same period in 2010.The retailer said that an 8.4% growth in sales to £888.6 million came despite a “fragile consumer climate”. Chief executive Dave Forsey said he was particularly pleased because the comparison with last [...]
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 [...]
Bellway housebuilder stays upbeat about prospects
Shares in the housebuilder Bellway rose almost 4% after the company gave an upbeat assessment of its prospects despite the troubled economic times.The FTSE 250 firm said in a trading update that its order book grew to £458 million in November, up from £440 million last year, with reservations up 14%. The average selling price [...]
Mulberry trebles profits as sales remain high
Luxury fashion group Mulberry has trebled its half year profits thanks to strong retail sales.The leather goods maker said that pre tax profits rose to £15.6 million in the six months to September, up from £4.7 million in the same period last year. In early trading, shares in Mulberry jumped 2.5% to £15.31. The Chilcompton-based [...]
JCB creates new 350 jobs
JCB is creating more than 350 jobs as part of a new £31 million engine development project.The firm said it would recruit more than 300 people across its Staffordshire, Derbyshire and Wrexham factories between 2016 and 2021. The company said it was also currently recruiting for 50 jobs at JCB Power Systems in Foston. JCB [...]