“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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Winter fuel payments scrapped for millions of pensioners
admin, , Business, 0
Previous government made ‘unfunded’ spending promises – Reeves Around 10 million pensioners will lose their winter fuel payments under...
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Thames Water troubles swell as parent firm defaults
admin, , Business, 0
It has issued a formal notice to its bondholders, but asked them to take “no creditor action” in order...
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Hinkley C: UK nuclear plant price tag could rocket by a third
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In a letter to staff, seen by the BBC, Stuart Crooks, the managing director of Hinkley Point C, said...
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Holiday bookings surge following lockdown exit plans
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“If we were to believe that May would enable us to reopen, then I believe we’d have a really...
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Petrol prices at eight-year high, says RAC
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“While we’re not past the pandemic by any means, demand for oil is likely to continue to increase as...
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UK government spending on virus measures pushes debt to £2 trillion
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Image copyright Getty Images UK government debt has risen above £2 trillion for the first time amid heavy spending...
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Budget 2021: Millions will be worse off in 2022, says IFS
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But Mr Johnson told BBC Radio 4’s Today programme: “What he’s done is use the pandemic as cover for...
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Elon Musk subpoenas Jack Dorsey ahead of Twitter court battle
admin, , Business, 0
The billionaire has subpoenaed Twitter’s co-founder in hope it will help him end his deal to buy the site.
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