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UPDATE 1-Britain orders ventilators from vacuum-maker Dyson as F1 teams stand ready

Thu, 26th Mar 2020 14:07

* Britain orders 10,000 ventilators from Dyson

* Goevrnment seeks 30,000 new ventilators in total

* Separate engineering consortium awaits green light
(Adds government statement)

By Paul Sandle, Kate Holton and Costas Pitas

LONDON, March 26 (Reuters) - Britain has placed an emergency
order of 10,000 ventilators designed at breakneck speed by
bagless vacuum cleaner company Dyson, the first fruits of an
industry-wide call to arms to prepare for the looming peak of
the coronavirus outbreak.

In another industry effort, a consortium of companies in the
aerospace and engineering sectors are working with seven Formula
One racing teams to ramp up production of existing ventilator
models, with a manufacturing launch date penned in for March 30.

Ahead of an expected surge of cases that could overwhelm
Britain's publicly funded health service, Prime Minister Boris
Johnson made an urgent appeal to manufacturers 10 days ago to
build ventilators to help keep patients alive.

Production of Dyson's new CoVent ventilator could start
early next month but the government made clear the order was
dependent on it passing safety and regulatory tests.

"The core challenge was how to design and deliver a new,
sophisticated medical product in volume and in an extremely
short space of time," billionaire founder James Dyson said on
Wednesday evening in an email to staff seen by Reuters.

"The race is now on to get it into production."

Dyson is able to draw on the company's expertise in air
movement, motors, power systems, manufacturing and supply chains
to design and build an entirely new ventilator.

The company revolutionised the vacuum cleaner market with
its bagless cyclonic device in the 1990s and has since gone on
to build air purifiers, hand dryers and fans from its base in
southwest England and manufacturing plants in Malaysia,
Singapore and the Philippines.

TARGET: 30,000

The aerospace and engineering consortium, meanwhile,
includes such names as Rolls-Royce, BAE, Airbus
and Siemens UK which will help existing medical device
makers such as Penlon and Smiths Group to ramp up production.

It is waiting for the green light from government.

British engineer Babcock has also joined forces with
a leading medical equipment company and experts from London's
Royal Brompton Hospital.

The companies have all sprung into action after the
government said it needed another 30,000 ventilators to save the
lives of patients who develop complications with COVID-19. The
government is also acquiring the life-saving devices from
private hospitals and international producers.

Britain currently has about 8,000 ventilators with another
8,000 on order to come into the health system in about a week

By 0900 GMT on Wednesday some 9,529 people had tested
positive for the virus in the United Kingdom while 463 patients
had died.

Britain has also bought 3.5 million antibody testing kits -
largely used to determine if someone has already had the virus -
and is currently making sure they work before distributing them.

Prototypes of an antibody test which could be a game-changer
in the fight against the pandemic are being assessed and are
ready to be optimised, the developer of the technology said on
Thursday.

Many staff within the National Health Service (NHS) have not
been tested, a major concern for health workers and a cause of
mounting criticism of the government's response.
(Additional reporting by Alistair Smout; Editing by Guy
Faulconbridge, Stephen Addison and Pravin Char)

More News
17 Nov 2023 15:49

UK dividends calendar - next 7 days

Monday 20 November 
Dunelm Group PLCdividend payment date
Tuesday 21 November 
no events scheduled 
Wednesday 22 November 
CRH PLCdividend payment date
Henderson Eurotrust PLCdividend payment date
Thursday 23 November 
abrdn Asia Focus PLCex-dividend payment date
abrdn Asia Focus PLCspecial ex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Babcock International Group PLCex-dividend payment date
Blackrock Sustainable American Income Trust PLCex-dividend payment date
Blackrock World Mining Trust PLCex-dividend payment date
British Land Co PLCex-dividend payment date
Castings PLCex-dividend payment date
Craneware PLCex-dividend payment date
DCC PLCex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Great Portland Estates PLCex-dividend payment date
HICL Infrastructure PLCex-dividend payment date
Invesco Asia Trust PLCdividend payment date
JPMorgan Asia Growth & Income PLCdividend payment date
Kainos Group PLCex-dividend payment date
Land Securities Group PLCex-dividend payment date
Liontrust Asset Management PLCex-dividend payment date
Lok'n Store Group PLCdividend payment date
ME Group International PLCdividend payment date
National Grid PLCex-dividend payment date
Palace Capital PLCex-dividend payment date
RS Group PLCex-dividend payment date
Scottish Mortgage Investment Trust PLCex-dividend payment date
Serica Energy PLCdividend payment date
Tate & Lyle PLCex-dividend payment date
Tatton Asset Management PLCex-dividend payment date
Urban Logistics REIT PLCex-dividend payment date
Vodafone Group PLCex-dividend payment date
Volution Group PLCex-dividend payment date
Witan Investment Trust PLCex-dividend payment date
Young & Co's Brewery PLCex-dividend payment date
Friday 24 November 
abrdn Asian Income Fund Ltddividend payment date
abrdn Smaller Companies Income Trust PLCspecial dividend payment date
Alternative Income REIT PLCdividend payment date
Close Brothers Group PLCdividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Eaton Corpdividend payment date
Edinburgh Investment Trust PLCdividend payment date
FW Thorpe PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Hansa Investment Co Ltddividend payment date
Henderson Far East Income Ltddividend payment date
Impact Healthcare REIT PLCdividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
MJ Gleeson PLCdividend payment date
Mulberry Group PLCdividend payment date
Next 15 Group PLCdividend payment date
Primary Health Properties PLCdividend payment date
Ricardo PLCdividend payment date
S&U PLCdividend payment date
Smiths Group PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
Tesco PLCdividend payment date
Warpaint London PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Nov 2023 09:40

LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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16 Nov 2023 09:33

TOP NEWS: Smiths on track to meet annual guidance despite slow start

(Alliance News) - Smiths Group PLC on Thursday reported a slow-down in quarterly organic revenue growth, but said it was still on track to meet its full-year targets.

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16 Nov 2023 07:39

Smiths Group on track to hit guidance despite mixed Q1 performance

(Sharecast News) - Smiths Group said growth got off to a slow start this new financial year due to tough comparative, but reassured investors that it was still on track to hit full-year expectations.

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9 Nov 2023 15:50

UK shareholder meetings calendar - next 7 days

Friday 10 November 
DFS Furniture PLCAGM
Galliford Try Holdings PLCAGM
Minoan Group PLCAGM
Minoan Group PLCGM re issuing shares
Quartix Technologies PLCAGM
Redrow PLCAGM
Monday 13 November 
Ironveld PLCGM re fundraising
Victoria PLCGM re annual accounts and Grant Thornton UK LLP re-appointment as auditors
Tuesday 14 November 
Celsius Resources LtdAGM
Essentra PLCGM re movement of merger relief reserve
Financials Acquisition CorpEGM re LIU business combination
Fonix Mobile PLCAGM
Petra Diamonds LtdAGM
Smoove PLCGM re takeover by Pexa Group
t42 IoT Tracking Solutions PLCAGM
Wednesday 15 November 
Alternative Income REIT PLCAGM
Ascent Resources PLCGM re approval to issue 45 million shares
CQS Natural Resources Growth & Income PLCAGM
European Opportunities Trust PLCAGM
Hays PLCAGM
Henderson Eurotrust PLCAGM
Northern Bear PLCGM re tender offer
Reach PLCGM re proposed capital reduction
Synergia Energy LtdAGM
Zegona Communications PLCGM re acquisition agreement
Thursday 16 November 
Close Brothers Group PLCAGM
Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
Smiths Group PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Oct 2023 15:53

UK dividends calendar - next 7 days

Friday 13 October 
Bakkavor Group PLCdividend payment date
Baltic Classifieds Group PLCdividend payment date
Camellia PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
Crest Nicholson Holdings PLCdividend payment date
Derwent London PLCdividend payment date
FDM Group Holdings PLCdividend payment date
Forterra PLCdividend payment date
Henry Boot PLCdividend payment date
Kenmare Resources PLCdividend payment date
Kingspan Group PLCdividend payment date
LXi REIT PLCdividend payment date
PageGroup PLCdividend payment date
PageGroup PLCspecial dividend payment date
Palace Capital PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Severfield PLCdividend payment date
Standard Chartered PLCdividend payment date
Trifast PLCdividend payment date
Monday 16 October 
CQS Natural Resources Growth & Income PLCspecial dividend payment date
Tuesday 17 October 
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Wednesday 18 October 
Harbour Energy PLCdividend payment date
Thursday 19 October 
abrdn Diversified Income & Growth PLCdividend payment date
BAE Systems PLCex-dividend payment date
Close Brothers Group PLCex-dividend payment date
Coats Group PLCex-dividend payment date
CRH PLCex-dividend payment date
Gamma Communications PLCdividend payment date
Harbour Energy PLCdividend payment date
Henderson Eurotrust PLCex-dividend payment date
IG Group Holdings PLCdividend payment date
ITV PLCex-dividend payment date
JPMorgan China Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Marshalls PLCex-dividend payment date
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Old Mutual Ltdex-dividend payment date
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Schroder European Real Estate Investment Trust PLCex-dividend payment date
Smiths Group PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Oct 2023 09:17

LONDON BROKER RATINGS: JPMorgan raises Croda; Berenberg cuts Atalaya

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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8 Oct 2023 12:40

Sunday share tips: Smiths Group, Tesco

(Sharecast News) - The Sunday Times's Lucy Tobin tipped shares of Smiths Group, pointing to the enginering outfit's business outlook, solid management and valuation to back up her case.

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28 Sep 2023 09:07

LONDON BROKER RATINGS: Barclays cuts United Utilities and Severn Trent

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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26 Sep 2023 12:22

LONDON MARKET MIDDAY: FTSE 100 flat as markets remain on edge

(Alliance News) - The FTSE 100 was largely unmoved midday Tuesday, while European peers declined, as troubling developments in the world's two largest economies kept the market in a risk-off mood.

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26 Sep 2023 09:52

TOP NEWS: Smiths Group annual profit and revenue beats expectations

(Alliance News) - Smiths Group PLC on Tuesday reported annual profit and revenue slightly ahead slightly ahead of market forecasts.

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26 Sep 2023 08:46

LONDON MARKET OPEN: Stocks slide as market mood remains downbeat

(Alliance News) - Stock prices in London slid lower on Tuesday as concerns around the health of the world's second-largest economy continued to cloud market mood.

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26 Sep 2023 07:46

LONDON BRIEFING: PZ Cussons profit drops; Smiths Group profit triples

(Alliance News) - Stocks in London are set to open in the red on Tuesday as concerns around the world's two largest economies weighed on market mood.

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19 Sep 2023 15:52

UK earnings, trading statements calendar - next 7 days

Wednesday 20 September 
Advanced Medical Solutions Group PLCHalf Year Results
ASA International Group PLCHalf Year Results
Destiny Pharma PLCHalf Year Results
Dunelm Group PLCTrading Statement
Epwin Group PLCHalf Year Results
Galliford Try Holdings PLCFull Year Results
GENinCode PLCHalf Year Results
HydrogenOne Capital Growth PLCHalf Year Results
Judges Scientific PLCHalf Year Results
LBG Media PLCHalf Year Results
M&G PLCHalf Year Results
Oxford Biomedica PLCHalf Year Results
PYX Resources LtdHalf Year Results
Round Hill Music Royalty Fund LtdHalf Year Results
Supermarket Income REIT PLCFull Year Results
Ten Entertainment Group PLCHalf Year Results
Warpaint London PLCHalf Year Results
Thursday 21 September 
Aquis Exchange PLCHalf Year Results
Chesnara PLCHalf Year Results
City Pub Group PLCHalf Year Results
Corero Network Security PLCHalf Year Results
CVS Group PLCFull Year Results
DFS Furniture PLCFull Year Results
Halma PLCTrading Statement
Investec PLC and LtdTrading Statement
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JD Sports Fashion PLCHalf Year Results
Life Science REIT PLCHalf Year Results
Next PLCHalf Year Results
Octopus Renewables Infrastructure Trust PLCHalf Year Results
Sondrel Holdings PLCHalf Year Results
SSP Group PLCTrading Statement
Strix Group PLCHalf Year Results
Friday 22 September 
Ascential PLCHalf Year Results
Ergomed PLCHalf Year Results
First Tin PLCHalf Year Results
t42 IoT Tracking Solutions PLCHalf Year Results
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Monday 25 September 
Alphawave IP Group PLCHalf Year Results
Devolver Digital IncHalf Year Results
Dialight PLCHalf Year Results
Getech Group PLCHalf Year Results
Ondine Biomedical IncHalf Year Results
Real Estate Investors PLCHalf Year Results
SpaceandPeople PLCHalf Year Results
Spectra Systems CorpHalf Year Results
Transense Technologies PLCFull Year Results
Venture Life Group PLCHalf Year Results
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AG Barr PLCHalf Year Results
Animalcare Group PLCHalf Year Results
Asos PLCTrading Statement
Boku IncHalf Year Results
Card Factory PLCHalf Year Results
Cambridge Cognition Holdings PLCHalf Year Results
Close Brothers Group PLCFull Year Results
Diaceutics PLCHalf Year Results
DigitalBox PLCHalf Year Results
Dillistone Group PLCHalf Year Results
EKF Diagnostics Holdings PLCHalf Year Results
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LifeSafe Holdings PLCHalf Year Results
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NIOX Group PLCHalf Year Results
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PZ Cussons PLCFull Year Results
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tinyBuild IncHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Sep 2023 09:46

LONDON BROKER RATINGS: HSBC cuts NatWest; Stifel likes Computacenter

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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