News

Good News Week - Friday 30/03/2012

30/03/2012


26/3/2012

Ernst and Young  - UK exports to emerging countries will grow by 12% per annum for the next ten years. That represents a growth of 200% over the period.

The Ministry of Defence (MoD) has awarded Babcock a £350 million contract to refit HMS Vengeance, the last of the Vanguard class submarines.

Work will include fitting Vengeance with a new Rolls-Royce pressurised water reactor, similar to the one being installed on the new Astute class submarines. The core will fuel the submarine until it is decommissioned. 2000 jobs saved.


27/03/2012

Some interesting points in Bank of England agents' report this morning:  

  • companies now less inclined to import intermediate goods...
  • a series of factors are "tending to lessen the advantage of high volume foreign producers"
  • rapid increase in production costs abroad (particularly Asia) has eroded competitiveness of imports
  • problems with extended supply chains overseas such as quality issues and time delays
  • natural disasters around the world have highlighted the risks inherent in extended supply chains

 

28/03/2012

UK’s current account deficit: £8.5 bn in 2011 q4, down from a £10.5bn in the previous quarter.

D G Controls Ltd ? - New tooling and Automotive production order won from East Europe

EEF Economics Team ? - Despite weakness at the end of 2011 highlighted in today's GDP release, growth in the 1st quarter of 2012 seems likely:

H.T.Brigham & Co. Ltd - New tooling and Automotive production order won from East Europe

29/03/2012

George Osborne  "the role that technology plays in driving job creation and economic growth becomes more important each day"

Cobra UK -  A SHROPSHIRE aerospace firm has unveiled what is believed to be the world's lightest economy aircraft seat.  


Probrand -
A BIRMINGHAM technology firm has told Business Secretary Vince Cable that the city lies at the heart of the UK's technology sector. 

30/03/2012

French automotive company chooses Sunderland for new factory: