Siemens is launching a scheme across 5,000 UK schools to encourage children from the age of 11 to consider a career in engineering in a bid to address Britain’s critical skill shortage. The engineering technology services giant has ... Read More


Revenue rose nine per cent at FTSE 100 -listed oilfield service company Petrofac in the year ended December 31st. The company reported that its revenue rose to $6.3bn from $5.8bn a year earlier while net profit rose 17% to $632m... Read More


The shares of Croda International slipped 35p lower to 2,521p during early London trade this morning after the market reacted unkindly to the group's annual figures. Croda, which develops speciality chemicals for use within cosmetics,... Read More


A "deal" struck by the Chancellor and North Sea oil and gas producers is starting to reap dividends for the economy and the Exchequer. How times change. Just two years ago, at his 2011 Budget, George Osborne opted to take another &po... Read More


LONDON - Brammer, a distributor of industrial maintenance, repair and overhaul products, posted an 11.9 per cent rise in group revenue for the year ended December 31st. As such, group revenue hit a record £639.6m, compared to £... Read More


International engineering group Amec has said its oil and gas revenues “rose strongly” over a year that saw it post increased revenues but also tightened margins. Revenues rose 28% on 2011 to £4.15 billion ($6.44 bil... Read More


British defence giant BAE Systems is to recruit almost 400 apprentices this year its highest intake since the financial crash. All the apprentices are guaranteed a job at the end of their scheme, which lasts at least three years, and arou... Read More


FRANKFURT, Feb 8 (Reuters) - Germany's Siemens said it has won an order worth 700 million euros ($937 million) to deliver 80 wind turbines to the Butendiek offshore wind power plant in the North Sea. The Siemens order includes a service co... Read More


British smartphone chip designer ARM has reported a 20% rise in full-year pretax profit, with nearly every smartphone in the world now containing its technology. ARM Ltd made an annual pretax profit of £276.5m. It also reported fourt... Read More


Russia's state oil giant Rosneft reported a record annual profit of $11.4 billion (8.3 billion euros) on Friday ahead of a year in which output should double thanks to the acquisition of BP 's local joint venture. The stellar 2012... Read More