Shares in Latchways, the Devizes-based firm making protection equipment for people working at height, lost a fifth of their value this week after it warned that this year’s profits will be much lower than last year’s. The firm blamed a combination of factors including continuing challenging European market conditions, delays in the European offshore...
Chippenham-based specialist drug firm Vectura has received a €1.5m (£1.18m) ‘milestone’ payment after securing approval in Portugal for its innovative respiratory inhaler AirFluSal Forspiro. Vectura’s partner Sandoz, the Swiss-owned global leader in generic medicines, has been granted marketing authorisation by the Portuguese Health Authority for the new inhaler aimed at patients with asthma and/or...
Swindon’s economy will get a boost from the £24.5bn Hinkley Point C nuclear power station approved this week by the European Commission, according to experts. The controversial plant, on the Somerset coast near Bridgwater, will be Britain’s first new nuclear reactor for nearly 20 years and could create around 25,000 jobs across the region...
Swindon firms are being urged to get on the fast track to success by joining UK Trade & Investment (UKTI) as it brings the world to the region for its sixth Export Week. Organised by UK Trade & Investment (UKTI) in conjunction with partners and business organisations, Export Week aims to encourage companies to...
Shares in Wiltshire manufacturer Avon Rubber rose sharply this morning after it said trading had continued to be strong, driven by increased sales of its core protection products. The Melksham-based group also said the currency fluctuations that had hit it earlier this year had eased. As a result, a pre-close update released to the...
Recycling Technologies, the innovative Swindon firm making machines that convert waste plastic to oil, has received an investment from a London-based specialist fund. Recycling Technologies, which is building a pilot plant in Swindon to demonstrate its pioneering process, will use the funding to help market its machines. It is already in advanced discussions with...
Swindon’s pioneering research centre to test the energy efficiency of new building materials has been officially opened by Prince Edward, the Earl of Wessex. Acting in his role as Chancellor of the University of Bath, Prince Edward toured the ground-breaking research facility at the Building Research Park at Wroughton Airfield and met academics and...
Fibre optic and cable manufacturer AFL, which has its UK headquarters in Swindon, has appointed Phil Edwards as president of EMEA (Europe, Middle East, Africa). Mr Edwards, pictured, will be responsible for leading the business strategy and operations in the EMEA region and building the infrastructure needed to support growth for US-owned AFL. Its...
Swindon-based upmarket furniture firm Neptune has been crowned a national winner in HSBC’s Global Connections 2014, which aims to find the country’s most innovative and forward-thinking businesses. Neptune, an international lifestyle brand that designs and manufactures handcrafted furniture and accessories for the home, was one of two winners in the category for companies turning...
Honda is to upgrade its Swindon-built Civic model next year as its giant plant in the town looks to return to growth after a tough 2014. The Civic has become the South Marston plant’s flagship model since production started in 1994 for the European market. The model has been produced by Honda at various...
