Live updates

Perkins Engines to create 180 jobs

Perkins has turned its fortunes around Credit: ITV News Central

Perkins Engines in Peterborough will create nearly 180 jobs over the next three years after the company won a £13million Government grant.

They will use the money to develop low-carbon technologies for diesel engines. Perkins exports to buyers worldwide.

Advertisement

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.

Advertisement

  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.

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.

Unemployment in the East Midlands falls by 15,000

Unemployment in the East Midlands fell by 15,000 in the quarter to January, official figures have revealed.

A total of 117,000 people were unemployed in the region between November and January. Credit: Philip Toscano/PA Wire/Press Association Images

According to the Office for National Statistics, a total of 117,000 people were unemployed in the region between November and January.

The region's unemployment rate was 5.0% and saw a drop of 11.4% during the period.

Nationwide, unemployment has dipped to a near seven-year low after a fall of more than 100,000, while a record number of people are in work.

Load more updates