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© 2024 a Reach plc subsidiary
China
04:00, 13 MAR 2024
Economy Minister Vaughan Gething lauds Welsh exporters
Exports
I'm proud of the dedication of Welsh Government and the forward-looking programmes we have developed to support exporters in Wales,
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Resilient Welsh exporters thrive amid global economic challenges
Exports
Vaughan Gething, Minister for the Economy, lauds the performance of Welsh exporters during the market turbulence of the last four years
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Cornish Lithium's non-executive chair steps down
South West
The mineral exploration company said its founder, Jeremy Wrathall, would take over the role on an interim basis
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York's OptiBiotix Health grows sales as it eyes US and Asia opportunities
Tech
The specialist in slimming and healthy living products, including 'gummies' popular in the US and China, says it has reached an 'inflection point'
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School uniform firm Trutex to target overseas expansion as Elaghmore acquires 42% stake
Deals
The Clitheroe school uniform specialist has also agreed a new £18.5m refinance deal
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North East deals of the week: key contracts, investments and acquisitions
Deals
Companies featuring in this week's round-up include IG Group, Kromek, Knights, and Asbestos Audit
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IG Group snaps up Crosby Catering Supplies in seven-figure acquisition
Deals
Newcastle-based Crosbys has been bought from Unitech Industries Limited in a deal backed by HSBC Bank
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£200m boost to Sunderland gigafactory provided by UK Infrastructure Bank
Deals
Hundreds of jobs are expected to be created at AESC as construction of it second plant ramps up
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Tommee Tippee owner Mayborn Group sees revenues top £220m despite supply chain issues
Company Results
During the year the group acquired US firm Baby Buddha Products in a deal which could be worth up to £20m
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Eco-friendly food packaging firms 2M Group and Xampla win Innovate UK support to grow manufacturing
Technology
Morro technology designed to save millions of tonnes of waste from landfill or incineration
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24 to watch in 2024: The South West firms set for success in the coming year
South West
Each year our business writers pick the firms that they expect to do great things in the coming year. Here we have selected 24 South West businesses for 2024
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Cornwall and Isles of Scilly Good Growth Programme backs Cornish metal mining with £4.7 million investment
South West
The government has identified Cornwall’s resources as "nationally important" to the UK’s future green growth and for industries, including car making to electronics and defence
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Alcoholic tea brand Noveltea returns with new owners a year after liquidation
Food and Drink
Liquidators were called into Tea Venture Limited last year - but its assets and IP were sold to new owner Feature Spirit Ltd
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Government action on EV batteries needed to prevent decline in car industry, MPs warn
Jaguar Land Rover
A cross-party group of MPs launched its investigation into battery production as the Britishvolt project foundered earlier this year
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Spirax-Sarco sees production slow as demand shrinks
Company Results
The FTSE-100 engineering company said trading reflects a "weaker macro-economic environment"
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Australia Deputy PM and UK Defence Sec tour Rolls-Royce Derby for update on next generation nuclear subs
Ministry of Defence
In the UK the boats will replace seven Astute-class subs and could double size of the hunter-killer fleet
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Rolls-Royce Submarines in Derby to create jobs under multi-billion pound Aukus sub deal
Ministry of Defence
Australia and the UK will both build the SSN-Aukus submarines which combine UK and US design and technology
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Supply chain issues lead to £2bn in unfinished South West goods
Logistics
Manufacturers across the region said Covid lockdowns in China, the war in Ukraine and Brexit had ‘exacerbated’ the problems
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CPMG Architects helping design the vast ‘Dragon Valley’ resort near Shanghai
Architecture
Site will have longest infinity pool in China and be bigger than Bluewater shopping centre in London
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South West leads UK in exports to China, study finds
China
The region saw the biggest annual rise in trade with China in the last quarter of 2021 than any other part of the country
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Luxury shoe brand Manolo Blahnik wins China trademark dispute
Fashion
The fashion label - whose designer founder has a residence in Bath - was made made famous by its appearances in TV series Sex and the City
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Airbus and Boeing cabin maker collapses into administration
Insolvency and Administration
AIM Altitude was established in 1940 and makes cabin interiors including lounges and seats for major global airlines
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Steel safeguards welcomed as domestic manufacturing protection measures extended to 2024
UK Government
Scunthorpe MP reveals she turned down a government role to keep her eye on town's fortunes as home constituency for British Steel
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Wales leads the UK in growth of exports to China
China
New trade figures with the world's second biggest economy have been published by the China-Britain Business Council
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