Live updates

Cable: Hitachi move 'huge vote of confidence in Britain'

The Business Secretary has welcomed a move that will see Hitachi transfer its global rail headquarters from Tokyo to London.

This move demonstrates a huge vote of confidence in Britain, its workers and its rail industry from one of Japan's biggest businesses. It follows the company's announcement last year of 750 new jobs at their factory in Newton Aycliffe, which I was delighted to launch with (Transport Secretary) Patrick McLoughlin.

It's further testament to the Government's industrial strategy which is giving companies of Hitachi's stature the confidence to invest in the UK in an expanding rail sector, creating new jobs and increasing exports that will help sustain long-term economic growth.

– Vince Cable. Business Secretary

Hitachi to move global rail HQ from Tokyo to UK

Hitachi is to move its global rail headquarters from Tokyo to London after appointing a British global chief executive.

The move has been hailed as a "huge vote of confidence for Britain" by Business Secretary Vince Cable.

A Hitachi Class 395 Javelin train as it passes through Ashford, Kent. Credit: Gareth Fuller/PA Wire

Alistair Dormer has been named the head of the global rail operations, a new post designed to accelerate the globalisation of the rail systems business.

Advertisement