“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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Marks & Spencer scraps plastic for paper bags
admin, , Business, 0
She added: “For the vast majority who already reuse their own bags, which remains the most sustainable option, not...
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Renewable energy: Government plan for price cap is risky, firms warn
admin, , Business, 0
A government limit on electricity generated in older renewable and nuclear facilities is expected this week.
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Tesco vows to rein in prices as profits treble
admin, , Business, 0
However, products that require a lot of energy to produce are experiencing the highest cost pressures. Tesco accepted a...
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Five questions for Joe Biden on the economy
admin, , Business, 0
When it comes to China, he has pledged “aggressive” action and few expect him to remove the tariffs Trump...
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House prices still rising but demand set to cool
admin, , Business, 0
“Raising a deposit is likely to remain the primary obstacle for many. The impact on property prices may also...
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Climate tech is back—and this time, it can’t afford to fail
admin, , Business, TOP STORIES, 0
Boston Metal’s strategy is to try to make the transition as digestible as possible for steelmakers. “We won’t own...
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HSBC reopens mortgage offers after criticism from brokers
admin, , Business, 0
“Most central banks made the mistake in 2021 of calling inflation transitory, and transitory is a very dangerous word....
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The challenge of upgrading iconic steel windows
admin, , Business, 0
According to Mr Adams, in the post-war era, there weren’t many other firms operating in the same market as...
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