The coronavirus pandemic has caused ‘substantial’ chaos and disruption across Britain’s manufacturing sector, new findings warn. As the economic toll of lockdown starts to rear its ugly head, employment, new orders and output in the sector fell at the fastest pace for 28 years last month. The closely-watched IHS Markit/CIPS purchasing managers’ index fell to a … Read more
The huge impact of the Covid-19 pandemic on Britain’s economy is starting to emerge, fresh data revealed today. With the services and manufacturing sectors thrown into deep freeze, output in both sectors has fallen off a cliff. The closely-watched Markit/CIPS Flash UK Composite Purchasing Managers’ Index fell to a new record low of 12.9 – … Read more
Election jitters sent economy into reverse: Output fell 3% in November, latest figures show By Lucy White For The Daily Mail Published: 21:50 BST, 13 January 2020 | Updated: 21:50 BST, 13 January 2020 The economy slammed into reverse ahead of the General Election as political uncertainty hammered business. Output fell by 0.3 per cent … Read more
Genedrive shot up more than 150 per cent this week after it said it could ‘quickly’ ramp up production of its coronavirus test. The diagnostics firm has been discussing with suppliers its plans to increase output to 10,000 new kits per hour. This would make the product ‘a material revenue generator for the company and … Read more