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  1. Anglia

New jobs for Peterborough engine-makers

Perkins Engines in Peterborough is to create about 175 jobs over the next three years after the company won a £13 million Government grant.

Perkins Engines export their goods worldwide Credit: ITV

Perkins has turned around its fortunes, after making hundreds of staff redundant in 2009 as profits struggled during the recession. The company exports off-road diesel engines to buyers worldwide and will use the money, secured through the Advanced Propulsion Centre, to develop low-carbon technologies for running diesel engines.

"This collaboration with DENSO INTERNATIONAL UK, Loughborough University, Imperial College London and CMCL Innovations, each of who we have worked closely with over the years, is focused on engine performance, fuel economy and exhaust emission improvements and will support the development of innovative technologies for off-highway diesel engine applications.”

– ark Stratton, Perkins Engines

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.

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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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