Rolling coverage of the latest economic and financial newsLatest: UK private sector growth hit six-month low in AugustFirms report big problems with staff and material shortagesEarlier:Eurozone private sector growth near 15-year high, but supply chain …
UK economy still faces major challenges despite return to ‘normality’ | Richard Partington
‘Freedom day’ was supposed to bring business as usual but Nando’s is out of chicken and carmakers are low on chipsFirst there were empty supermarket shelves and “pingdemic” staff shortages; now Nando’s is out of chicken and the car industry short of ch…
Why the new era of British fashion is all about the factory
As consumers’ environmental awareness grows, designers are beginning to share the spotlight with those who make the clothesOn the factory floor at Pittards in Yeovil, Marta, Gabbie and Gabriella are working together on a new product. They fasten streng…
UK firms may buy Welsh computer chip maker if Chinese takeover fails
Technology executive Ron Black says nine companies are willing to join consortium in purchase of Newport Wafer FabThree more British companies have said they are willing to join a group to buy the Welsh semiconductor manufacturer Newport Wafer Fab if t…
Morrisons receives new £6.7bn takeover offer from private equity investors – business live
Rolling live coverage of business, economics and financial markets as group led by Fortress increases bid following shareholder criticismAsda boss resigns early after private equity-backed takeoverSurprise decline in German production amid chip shortag…
FTSE 250 hits record high amid buyout spree and factory boom – business live
Rolling live coverage as UK manufacturing PMI signals continued output growth despite supply chain strugglesHSBC profit doubles as it expands bonus pool for bankersMeggitt set to be latest UK acquisition target in £6.3bn takeoverFTSE 100 and European s…
Jobs threat at UK defence supplier Meggitt as it agrees £6.3bn takeover
Engineering firm, which operates in aerospace and energy markets, backs deal with Parker HannifinJobs are under threat at the British aerospace firm Meggitt after it agreed a £6.3bn takeover deal from US rival Parker Hannifin, in the latest approach fo…
UK manufacturers held back by staff and parts shortages, survey finds
Firms also facing difficulties adjusting to post-Brexit trading rules, IHS Markit/Cips reportsShortages of labour and materials are hampering the ability of Britain’s manufacturers to take advantage of a post-lockdown boost to demand, the latest snapsh…
Chinese takeover of UK’s largest computer chip maker ‘may be blocked’
Post-Brexit trade advisor Tony Abbott ‘heartened’ by review into takeover of Newport Wafer FabBoris Johnson may block a Chinese-owned company from purchasing the UK’s largest producer of semiconductors, a senior government adviser has suggested, as the…