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ATSE welcomes quantum technology investment for QLD

Manufacturer's Monthly

ATSE’s submission to the National Quantum Strategy outlined how growing the Australian quantum industry requires supporting the four interrelated areas of basic research, infrastructure, talent and business activity. The announcement follows the Australian Government’s announcement of $18.4

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UK must offer businesses certainty over green energy, says boss of FTSE 100 firm

The Guardian Manufacturing

Miles Roberts of paper-maker DS Smith warns manufacturing will decline unless government provides clarity about decarbonisation The UK risks seeing its manufacturing sector fall behind rival economies if the government does not offer certainty over policies on shifting to green energy, according to the head of FTSE 100 packaging maker DS Smith.

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FTSE 250 company Tyman snapped up by US rival in £788m deal

The Guardian Manufacturing

Building products supplier is latest British-listed company to be bought by a foreign buyer Business live – latest updates The London Stock Exchange’s mid-sized FTSE 250 index is due to lose a 186-year-old manufacturing company to a US takeover – the latest in a series of purchases by foreign buyers in recent years.

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UK packaging firm DS Smith agrees £5.8bn takeover by US group

The Guardian Manufacturing

International Paper settles all-share deal after tussle with British rival Mondi Business live – latest updates The FTSE 100 UK packaging firm DS Smith is to be taken over by a bigger US rival, International Paper, after the companies agreed a £5.8bn all-share deal.

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Cost of carbon offsets could double by 2030, report warns

E&T

Although many businesses have made some commitment to reaching net-zero by 2050, many are relying on carbon offsetting rather than directly reducing their own emissions. The PwC report estimates that in 2022, FTSE 350 companies publicly reported purchases of voluntary carbon offsets totalling £38m.

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Rolls-Royce plans to sell electric flight division to focus on jet engines

The Guardian Manufacturing

CEO Tufan Erginbilgiç aims for record operating profits as he launches new strategy Rolls-Royce will sell its electric flight division as it focuses on improving profits in its jet engine business, under a new plan from its chief executive, Tufan Erginbilgiç.

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Rolls-Royce shares soar amid boom in travel and defence demand

The Guardian Manufacturing

Engineering firm expects big jump in profits after post-Covid revival in airline flying hours Shares in Rolls-Royce have risen to their highest since the start of the coronavirus pandemic after it surprised investors with a big jump in expected profits on the back of high demand in its jet engine and defence businesses.