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☆ UK manufacturing trade body cuts outlook for 2023
▼ + stars: | 2023-09-17 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Sept 18 (Reuters) - Britain's main manufacturing trade body on Monday cut its forecast for the sector's growth for this year and next, citing a sharp fall in factory output and economic uncertainty. Trade body Make UK expects output to fall 0.5% in 2023, down from its June forecast for a 0.3% drop, and grow just 0.5% in 2024. "Manufacturers are seeing a very sharp slowdown in activity as the potent cocktail of rising interest rates, cost of living and slowing overseas markets bites hard," Verity Davidge, policy director at Make UK said. "But it is the scale of the fall in the indicators this quarter that comes as a surprise and highlights the extent of the slowdown on UK manufacturing." Make UK's quarterly survey said the balance for manufacturing output was the weakest performance for production since the last quarter in 2020, during the COVID-19 pandemic.

Persons: Phil Noble, Verity Davidge, Richard Austin, Suban Abdulla, Andy Bruce Organizations: Rover, REUTERS, Make, Bank of England, Bank of, BDO, Manufacturers, Thomson Locations: Solihull, Britain, July's

☆ India's TCS expands partnership with Britain's JLR in over $1 billion deal
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

A member of staff works on the production line at Jaguar Land Rover’s factory in Solihull, Britain, December 15, 2022. REUTERS/Phil Noble/File photo Acquire Licensing RightsBENGALURU, Sept 6 (Reuters) - India's Tata Consultancy Services (TCS.NS) and Britain's Jaguar Land Rover (JLR) have expanded their partnership, valued at more than 800 million pounds ($1.00 billion) over five years, the two Tata Group companies said on Wednesday. As part of the partnership, India's top IT services exporter would deliver a range of services for the vehicle manufacturer spanning application development and maintenance to cloud migration, cybersecurity and data services. TCS had in June signed a $1.1 billion contract with British pension scheme Nest. Rivals Infosys (INFY.NS) signed three deals between June and August, while HCL Technologies (HCLT.NS) secured a $2.1 billion deal with U.S. telecom major Verizon last month.

Persons: Phil Noble, Nandan Mandayam, Shilpi Majumdar Organizations: REUTERS, Rights, India's Tata Consultancy Services, Rover, Tata Group, JLR, TCS, Infosys, HCL Technologies, U.S, Verizon, Thomson Locations: Solihull, Britain, India, States, Bengaluru

BENGALURU, Jan 25 (Reuters) - Indian carmaker Tata Motors (TAMO.NS) beat analysts' expectations to post a profit for the first time in two years as improving semiconductor chip supplies and rising demand helped its luxury car unit Jaguar Land Rover (JLR) turn profitable. Like others in the sector, Tata Motors and JLR have been struggling to navigate supply chain disruptions and shortages of critical semiconductor components since the onset of the coronavirus pandemic. The total number of orders reached a record 215,000 units with its three most profitable models - the New Range Rover, Range Rover Sport and Defender - accounting for three-quarters of the order book. [1/5] A member of staff works on the production line at Jaguar Land Rover’s factory in Solihull, Britain, December 15, 2022. Analysts, on average, had expected a loss of 185.6 million rupees, according to Refinitiv IBES data.

☆ UK car production is at its weakest since 1956. And the industry is losing the EV race
▼ + stars: | 2023-01-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

London CNN —UK car manufacturing hit a 66-year low in 2022, as the closure of two plants, a global shortage of semiconductors and the effect of Covid lockdowns in China on auto supply chains crippled output. “The relationship between the UK and the EU, especially as you electrify, is still fundamental to the success of UK car manufacturing,” he said. UK factories made a record 234,066 electric vehicles in 2022, almost a third of all UK car production. Aston Martin and Jaguar Land Rover, owned by India’s Tata Motors (TTM), are also positive about the prospects for electric vehicle manufacturing in the United Kingdom. “Our continued investment in our UK facilities … will herald an exciting new era of electric car production in the UK,” the company said.

☆ UK factories face tough 2023 after December weakness
▼ + stars: | 2023-01-03 | by ( David Milliken | ) www.reuters.com time to read: +3 min

[1/3] A member of staff works on the production line at Jaguar Land Rover’s factory in Solihull, Britain, December 15, 2022. "Output contracted at one of the quickest rates during the past 14 years, as new order inflows weakened," S&P director Rob Dobson said. The figures broadly chime with a gloomy outlook issued last month by trade association Make UK, who forecast output in the sector would fall 3.2% in 2023. "These results are the latest in a series of weak indicators ... which suggest that GDP likely fell again in Q4 2022. But factories still cut jobs by the most since October 2020, as orders fell from both domestic customers and clients in China, the United States, mainland Europe and Ireland.

☆ Fourth British boy dies after falling into ice-covered lake in Britain
▼ + stars: | 2022-12-14 | by ( ) www.reuters.com time to read: +1 min

LONDON, Dec 14 (Reuters) - A 6-year-old boy became the fourth to die after the children fell into an ice-covered lake in central England earlier this week, police said on Wednesday. Britain is in the middle of a cold snap, with heavy snowfall blanketing parts of the country on Sunday night and Monday. "It is with heartfelt sadness that we have to report this afternoon, the six-year-old in hospital has lost his fight for life," West Midlands Police said on Twitter. Police had continued to search the lake after conflicting reports that other children might have fallen in but said on Wednesday those searches had now been completed. Reporting by Kylie MacLellan; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Heavy snow in Britain disrupts travel; National Grid readies two coal plants
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

[1/5] A person walks through the snow as cold weather continues, in London, Britain, December 12, 2022. Operations in many parts of the city's underground network were either suspended or faced delays, while motorways witnessed gridlocks due to snow. The snow caused issues for commuters and holidaymakers at the start of a fortnight where rail workers and border officials plan industrial action. Southeastern, which operates rail services into London, advised passengers not to travel due to severe disruption caused by snow and ice. Meanwhile, Britain's National Grid (NG.L) on Monday issued a notification to warm two winter contingency coal plants.

☆ UK snow causes travel chaos and energy fears
▼ + stars: | 2022-12-12 | by ( Rob Picheta | ) edition.cnn.com time to read: +2 min

London CNN —Snow has blanketed London and large parts of the United Kingdom on Monday, shutting schools, grounding flights and causing widespread disruption across a country struggling through a winter energy crisis. The cold snap left many parts of the country, including London, covered in snow from Sunday evening. Despite the disruption, the arrival of snow two weeks before Christmas brought a festive atmosphere to Britain’s parks and streets. Victoria Jones/PA Images/Getty ImagesSnowfall is relatively rare in southern England compared to northern Britain and mainland Europe, and Britons frequently gripe about the ill-preparedness of the country’s infrastructure when cold weather hits. The company said it was a “contingency” plan, which aimed to “give the public confidence in Monday’s energy supply,” according to PA.

☆ Chinese carmakers target more European sales with five-star EVs
▼ + stars: | 2022-11-21 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

"All Chinese EV makers want to achieve Euro NCAP five-star ratings in order to be more competitive in the European market," said Brian Gu, president of Chinese EV maker Xpeng (9868.HK). Perhaps more importantly for sales, high safety ratings also open up the potentially huge corporate car fleet market for Chinese EV makers. European carmakers are also pursuing five-star ratings for their EVs and hybrids, from BMW's (BMWG.DE) iX to Volkswagen's (VOWG_p.DE) ID.4 and ID.5. But almost half the Chinese cars sold were EVs, according to Inovev, giving them a 5.8% share of Europe's fully-electric vehicle market. Inovev vice-president Jamel Taganza said all Chinese cars sold in Europe would be EVs within a few years, with more lower-cost models on the way.

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