How a Welsh microchip factory became a national security nightmare

Kwasi Kwarteng, the Business Secretary, has said the sale continues to be assessed, and insisted that the Government stands ready to reverse the takeover if it decides to. “Their position on this is confused and it’s contradictory, and that’s the... Read more

British tech champion Arm to slash hundreds of jobs

Arm, one of Britain’s biggest technology companies, is cutting hundreds of staff weeks after a $40bn (£31bn) deal to sell the company to Nvidia fell apart. Rene Haas, Arm’s newly-installed chief executive, told staff on Monday that the redundancies would... Read more

Boeing takes $4.5bn hit as supply chain issues delay Dreamliners

Boeing has taken a $4.5bn (£3.3bn) hit after supply chain chaos sparked delays to deliveries of its Dreamliner jet. The US manufacturer has struggled to take advantage of a post-lockdown recovery in airline sales because of a string of manufacturing... Read more

Working from home will not derail HS2, says contractor chief

In many ways, Steven Demetriou’s success is the epitome of the American dream.  Having left school without any qualifications, his father jumped on a boat from his native Cyprus to set up a new life in America, where he set... Read more

Even company that makes microchip machines cannot get enough chips

A Dutch company crucial to the global microchip industry has warned of a new bottleneck to production because it cannot get enough chips to make its equipment. ASML, which makes the enormous machines used to etch microscopic circuits on to... Read more

Why Britain must speed up to stay in the electric car race

Whether Britain will have enough “depends on how quickly we can scale up the supply chain here in the UK,” says Matt Windle, managing director of sports car maker Lotus, owned by Geely – one of China’s largest automobile companies.... Read more

Online car auction site threatens ‘dinosaur’ rivals

Only about a tenth of buyers insist on viewing the cars before purchase, and they are typically older bidders more used to physical auctions and dealers’ showrooms. Instead, buyers have access to hundreds of photos detailing any dings or scuffs... Read more

The £125m Yorkshire project aiming to break China’s rare earths stranglehold

“There will be increased competition for scarce natural resources such as critical minerals, including rare earth elements, and control of supply may be used as leverage on other issues,” the UK Government’s integrated review of British defence and foreign policy... Read more

MG overtakes Honda, Renault and Mazda as UK sales hit record high

MG has overtaken Honda, Renault and Mazda as the electric car boom helped its UK sales soar by two-thirds last year. The almost century-old British car brand, now owned by state-controlled Chinese company SAIC Motor, said a rush of electric... Read more

Michael Gove clashes with Treasury over bid to boost manufacturing

Michael Gove has clashed with the Treasury over plans to overhaul British manufacturing because of concerns about the costs involved, in a blow to his levelling up agenda. The Housing Secretary has been warned not to go ahead with a... Read more

Ethical investors should embrace weapons makers to keep the world safe, says Babcock boss

Ethical investors should put their money in weapons makers because they have a vital role to play in keeping the world safe, the boss of Royal Navy contractor Babcock has argued. “If we want to do the good things that... Read more

Questor: this firm’s break-up plans make it an interesting slow-burn turnaround story

Update: Anglo-Eastern Plantations In response to a reader’s letter, this column has quickly cast its eye over Anglo Eastern Plantations, a producer of palm oil and rubber in Indonesia and Malaysia. In the stock’s favour, the balance sheet has net cash... Read more