“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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Topshop owner Arcadia on brink of collapse
admin, , Business, 0
Topshop owner in talks to secure £30m lifeline
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The era of cheap helium is over—and that’s already causing problems
admin, , Business, TOP STORIES, 0
A delicate balance The helium we use today formed from the breakdown of radioactive materials millions of years ago...
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Pressure on Sunak as inflation hits new 30-year high
admin, , Business, 0
He added that a cut in fuel duty would help: “I mean, fuel is obviously a driver across the...
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Apple profits double as it squares up to Facebook
admin, , Business, 0
Apple’s figures across multiple sectors, across the world, are exceptional. In places like China, which has mostly been lockdown-free...
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Ford to make electric car parts at Halewood plant
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The carmaking giant is investing up to £230m in its Halewood plant, safeguarding 500 jobs.
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‘Crypto King’ Sam Bankman-Fried guilty of FTX fraud
admin, , Business, 0
“Sadly I don’t think we’re going to see regulation in the very short term. But it certainly means that...
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Record numbers not working due to ill health
admin, , Business, 0
Speaking to the BBC’s Today programme, Darren Morgan, director of economic statistics at the ONS, said that since the...
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We don’t know how high energy bills will go, says boss
admin, , Business, 0
The department also pointed to schemes currently in place to help those facing high bills, such as the Warm...
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