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London Taxi company building new £250m factory in Coventry

1,000 new jobs will be created by the £250m investment Credit: ITV News Central

The London Taxi company is to build a new £250 million pound factory in Coventry.

It will create up to a thousand jobs.

The firm said it's preparing for the next generation of electric and ultra-low emission black cabs.

  1. National

Heinz to merge with Kraft Foods

Heinz is set to buy Kraft Foods Group, creating what the companies say will be the third-largest food company in North America.

The deal was engineered by Heinz's owner, the Brazilian investment firm 3G Capital, and billionaire investor Warren Buffett's Berkshire Hathaway.

Current Heinz shareholders will own 51% of the combined company. Credit: REUTERS/Phil Noble

Kraft shareholders will receive stock in the combined company and a special cash dividend of approximately $10 billion dollars (£6.7 billion), or $16.50 per share (£11).

Current Heinz shareholders will own 51% of the combined company, with Kraft shareholders owning a 49% stake.

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Jaguar Land Rover in £400m Castle Bromwich investment

JLR will build its latest Jaguar XF at the plant Credit: Rui Vieira/PA Wire

Jaguar Land Rover is investing more than £400m at its factory in Castle Bromwich in Birmingham to build its latest Jaguar XF.

Later this week, Jaguar Land Rover will announce that it's spending hundreds of millions of pounds upgrading the Castle Bromwich factory, so it can build the new car which will be made from aluminium.

The factory nearly closed five years ago under Ford, before they sold the company to Tata.

Passenger numbers booming at Birmingham Airport

Passenger numbers are booming at Birmingham Airport, after it reported significant growth in passengers using the terminal in February.

The number using the airport in February beat its previous record for the same month set in 2008 Credit: Rui Vieira/PA Archive/Press Association Images

The airport says almost 650,000 travelled through it in February, an increase of 8.4% on the same month last year.

It has also seen a 100% growth on scheduled routes to Hamburg, Oporto, Gdansk, Reykjavik and Toulouse, as well as growth to Las Palmas (+90.7%) Milan (+81.1%) and Amritsar (+69.3%).

The great start we made in 2015 has been followed up with another strong performance in February, which is a positive sign for the rest of the year.

February was boosted thanks to families choosing to fly from Birmingham during a busy half-term week.

There are many new routes, served by new carriers, set to launch in the months ahead too, including Madrid, Barcelona and Malaga with Norwegian, Barcelona with Vueling and New York JFK with American Airlines. These, coupled with the recent announcement that Birmingham will host a programme of non-stop charter flights to Beijing in the summer with Hainan Airlines, means passengers flying from Birmingham have more choice than ever before in 2015.

– Paul Kehoe, Birmingham Airport’s Chief Executive
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