The Government taskforce seeking a buyer for Fujitsu’s County Durham microchip plant has widened its search to include potential buyers outside the semiconductor industry.
Alstom this week declared a 15% rise in profits to £85.7m in the first six months to 30 September. But it warned that it was likely to shed 10,000 jobs in the next two years, several hundred of which could go in the UK.
UK machinery supplier Giddings & Lewis Cross Huller has been awarded the Ford Q1 Preferred Quality award. The firm’s Knowsley, Liverpool plant, employing 350, claims it is the first UK machine tool supplier to get the award.
Eastern Generation said this week that it would take three months to repair the 500MW unit at its Ironbridge power station in Shropshire, which was damaged in a serious fire in early October.
Grant goes ahead
The EU will not block the UK Government’s £25m grant towards the £160m investment by British van maker LDV and Korean industrial giant Daewoo. The plan to build medium-heavy vans at LDV’s Birmingham plant could create up to 2,000 jobs.
Not up to speed
An attempt on the British land speed record at Elvington Airfield, York was abandoned this week due to rain and fog. Driver Colin Fallows in the jet powered car Vampire wants to beat Richard Noble’s record of 258mph.
Clyde buy-out bid
Management at Glasgow-based Clyde Blowers, led by chief executive Jim McColl, have launched a £25m bid for the company. Off-the-peg company Redwood is offering 165p a share and is backed by venture capitalist 3i.