Steel Strip

The news that MG is to invest in new models for assembly at Longbridge is welcome news not just for the company but for the Midlands economy as a whole.
New jobs, secure investment and the continuation of a motoring heritage stretching back more than 80 years is an enticing proposition. But sentiment alone will not [...]

A sharp jump in quarterly consolidated net profit and challenges from a tight raw material position were the key areas of Tata Steel chairman Ratan Tata’s address to shareholders at the company’s 101st annual general meeting (AGM), which was marked by fear of protests by environmentalists. The Mumbai-based steel company, which is [...]

Activity in the manufacturing sector fell for the fourth consecutive month in August, raising fears that the British economy is set to tip into recession.
The Chartered Institute of Purchasing and Supply/Markit purchasing managers’ index registered an activity reading of 45.9 last month, up slightly from a 10-year low of 44.1 in July.
However, August’s [...]