“We are still refining the details with my management team and our external advisors, but preliminary indications are that the steel manufacturing and processing operations would need in the range of £170m to fund working capital and some additional capital to fund operating losses in the short term, which we are in the process of finalising.”
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Nissan to go all-electric by 2030 despite petrol ban delay
admin, , Business, 0
“We are looking at it from the point of view of the technology, from the point of view of...
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Watchdog questions effectiveness of Kickstart job placement scheme
admin, , Business, 0
The DWP said the scheme for 16 to 24-year-olds, which has been extended to March 2022, “has already delivered...
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US economy grows at fastest pace in decades
admin, , Business, 0
“Indeed, there’s been weakness across US stock indices in the first weeks of 2022, as investors digest some of...
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EasyJet ‘hanging by a thread’, says union official
admin, , Business, 0
Image copyright Getty Images An airline union official says he believes that EasyJet is “hanging by a thread”. In...
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Rishi Sunak’s wife to pay UK tax on overseas income
admin, , Business, 0
“I think the question many people will be asking is whether it was ethical and whether it was right...
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GameStop: Share buying mistakes ‘on the rise’
admin, , Business, 0
“We document that for more than a half of publicly trading stocks you can find a firm with a...
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BP pauses all Red Sea shipments after rebel attacks
admin, , Business, 0
In an update seen by the BBC, Evergreen Line, said: “For the safety of ships and crew, Evergreen Line...
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Interest rates could stay higher for longer, warns IMF
admin, , Business, 0
Countries including the UK and the US are “seeing some persistence” in inflation that might mean interest rates have...
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