Caerphilly byelection a triumph of positivity over division, says Plaid Cymru leader


Car production slumps to a 73-year low after JLR cyber-attack
Car production in British factories slumped in September to the lowest level for the month since 1952 after Jaguar Land Rover was hit by an unprecedented cyber-attack.JLR, Britain’s largest automotive employer, was forced to shut down all its computer systems at the start of September and was unable to make another car until early October.That contributed to a 27% slump in total UK car production in September compared with the same month a year earlier, according to the Society of Motor Manufacturers and Traders (SMMT), a lobby group.Car output dropped to 51,100, from 70,000 in September 2024, while output for the first nine months of the year was down by 8%. Van production has also slumped by nearly 40% so far this year, after the closure by the Vauxhall owner Stellantis of its factory in Luton

Battle between Netherlands and China over chipmaker could disrupt car factories, companies say
Car companies across Europe and Japan including Volvo, Volkswagen, Honda and Nissan have warned that the battle between the Netherlands and China over control of the chipmaker Nexperia could hit production at factories.Last week’s decision by the Dutch government to take control of the Chinese-owned chipmaker, which is based in the Netherlands, has sent shock waves across the car industry, which is already facing potential shortages of products such as magnets amid China’s latest restrictions on rare earths exports.The Hague said at the time that it was taking control of Nexperia to safeguard Europe’s supply of semiconductors and that it had invoked a cold-war era law to take effective control of the company following concerns raised by the US about the Chinese owner, Wingtech.That decision caused an immediate rift with Beijing, which banned all exports from the chipmaker, escalating the already tense relations between China and the US before a potential meeting between Donald Trump and Xi Jinping next week in Korea.The Japan Automobile Manufacturers Association, whose members include Nissan, Toyota, Honda and Mazda, said on Thursday it had received a warning from Nexperia that chips could now be in short supply, potentially holding up manufacturing

UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – as it happened
British manufacturers see the weakest prospects for orders over the next three months since 2020, new data from the Confederation of British Industry shows.The CBI’s latest healthcheck on manufacturing has found that business sentiment deteriorated this month, with goods producers expecting the total volume of new orders to decline in the three months to January.Business sentiment deteriorated in October. Export optimism for the year ahead also declined further. pic

Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms
Oil prices jumped and energy companies helped the FTSE 100 to a record high after Donald Trump announced new sanctions on Russia’s two biggest oil producers.Brent crude increased by 5.7% to $66.13 a barrel after the news of the fresh restrictions on Rosneft and Lukoil, as the US president ramps up pressure on Vladimir Putin to end the war in Ukraine.The jump in oil price also boosted shares in the energy companies Shell and BP by about 3%, which in turn helped to drive the FTSE 100 to a record high of 9,594

Dining out ‘under pressure’ as Britons cut back due to price rises, says YouGov
More than half of British diners say rising prices are the main reason they are eating out less, according to YouGov data showing that overall 38% of people are visiting restaurants and other eateries less often than a year ago.Among those cutting back, 63% cite higher costs as the main reason to dine out less frequently, according to the poll. Despite this downturn, more than two in five are still choosing to eat out at least once a month, while 8% of people say they never do.UK inflation was unchanged last month at 3.8%, confounding expectations of a rise, in welcome news for the chancellor, Rachel Reeves, as she plans her crucial budget next month

Foxtons shares drop sharply after it warns of ‘subdued’ pre-budget sales
The estate agency Foxtons has warned of weak sales for the rest of the year as economic uncertainty and potential property tax changes in next month’s budget deter buyers, sending its shares sharply lower.The London-focused company, known for its green-and-yellow Mini cars, said buyers had been holding off ahead of the budget on 26 November, which is a month later than usual.Slower-than-expected interest rate cuts from the Bank of England are also having an impact by affecting the cost of mortgages, it said. As a result, “sales are likely to remain subdued for the rest of the year”, with a risk that revenues in the fourth quarter could fall below management’s expectations.Guy Gittins, the chief executive who started his career at Foxtons in 2002 and returned to lead the company three years ago, said: “Macroeconomic uncertainty and speculation surrounding the delayed autumn budget has resulted in a subdued sales market as some buyers adopt a ‘wait and see’ attitude to purchases

Caerphilly byelection a triumph of positivity over division, says Plaid Cymru leader

‘Reform didn’t have any idea about south Wales’: Plaid Cymru supporters celebrate byelection win

Plaid Cymru ousts Labour in Caerphilly byelection

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Caerphilly result is blow to Labour and Reform – and shows parties who cannot adapt will be crushed

Starmer lays out vision for much-criticised digital ID scheme