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A quarter of UK manufacturers are considering locating production overseas, according to Martin Temple, director-general of the Engineering Employers’ Federation (EEF).
Q: Our clients in the construction industry often impose contract price adjustment (CPA) clauses on us, but many of our suppliers will not accept similar terms from us. What should we do?
The Renewable Energy Company (REC) has failed to stop a contract allowing London Electricity to supply power to all of Thames Water’s sewage works and pumping stations.
The UK business of shipyard group Cammell Laird still has no buyers, its receiver PricewaterhouseCoopers (PwC) has admitted. Its sites will close if none are found in the next few months and no new business from the private or public sector has been secured. PwC says the UK operations, which are to shed 350 further jobs in the coming weeks, could be sold to several buyers.
IBM has launched a broad e-business platform to enable firms to conduct transactions and data transfers with clients using different applications. Web Services is a joint project between its WebSphere, Tivoli and Lotus units, positioned as an alternative to Microsoft’s recently-introduced Windows-based .Net platform.
Scottish Power is taking British Energy and Scottish and Southern Energy to court, in a bid to rewrite the Nuclear Energy Agreement (NEA).
IT suppliers accounted for 14 per cent of the 136 profit warnings issued by UK firms in the first quarter of 2001, according to a survey by accountants Ernst & Young. It said that software and computer services suppliers had the highest number of warnings for the fifth quarter in a row.
Motor manufacturer Nissan is planning to produce cars in China through a joint venture with Dongfeng Automotive. The move is seen as a way for Nissan to bypass its ongoing dispute with China over the importation of Japanese goods, including vehicles.