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Monarch backer defends £154m high interest loan to British Steel

monarch backer defends £154m high interest loan to british steel
The turnaround fund that backed Monarch Airlines has defended a policy to wedge some of the British Steel plants it bought for £1 with over £150m of high interest debt. Annual accounts filed..
City A.M.

Revealed: How Tata Steel wriggled out of £125m pension promise

revealed: how tata steel wriggled out of £125m pension promise
Tata Steel wriggled out of promises to stump up at least £125m in cash as part of its deal to jettison British Steel’s £15bn pension fund. The Indian giant formally cut ties with British..
City A.M.

Videos for "Tata Steel"

News video: Merger to create new European steel giant

Merger to create new European steel giant 01:48

Germany's Thyssenkrupp and India's Tata Steel have struck a preliminary deal to merge their European steel operations in a 50-50 joint venture to create the continent's number two steelmaker after..
Source: Rumble -

News video: Thyssenkrupp's CFO Says Merger Creates Future for Steel

Thyssenkrupp's CFO Says Merger Creates Future for Steel 08:37

Sep.20 -- Guido Kerkhoff, chief financial officer at Thyssenkrupp, discusses his joint steel venture with Tata, consolidation and the future of the industry. He speaks on "Bloomberg Markets: European..
Source: Bloomberg Global Business -

 

Easy peasy: Britain's small firms rather like auto-enrolment, say ministers

easy peasy: britain's small firms rather like auto-enrolment, say ministers
Businesses labelled the backbone of Britain's economy have embraced an initiative to encourage workers to sign up for workplace pensions, ministers said yesterday. Research for the department of..
City A.M.

Frank Field wants assurances over steelworker pensions in Tata Steel merger

frank field wants assurances over steelworker pensions in tata steel merger
The chair of the Work and Pensions Select Committee has today demanded assurances regarding the pensions of 130,000 British steelworkers when a new pan-European steel giant is formed. Labour MP..
City A.M.

Industrialist accelerates UK bike manufacturing with Scottish acquisition

industrialist accelerates uk bike manufacturing with scottish acquisition
Industrials and metals company Liberty House Group this weekend snapped up a Scottish bike maker as part of a wider strategy to revive cycle manufacturing in the UK. Liberty, which is executive..
City A.M.

Retired steelworkers face pension poverty, say campaigners

Older members of former Tata Steel UK retirement fund hit hard by restructuring
FT.com

Make it easier for stricken firms to jettison pension deficits, says lobby

make it easier for stricken firms to jettison pension deficits, says lobby
Financially distressed firms should be allowed to jettison huge retirement deficits in order to avert further BHS-style collapses, a leading pension lobby group said today. The Pensions and..
City A.M.

Thyssenkrupp sets up a working group with unions over its Tata Steel merger

thyssenkrupp sets up a working group with unions over its tata steel merger
German steelmaker Thyssenkrupp will set up a joint working group of board members and labour representatives to help implement the plan to merge with Tata Steel. The company announced the plans..
City A.M.

Trustees reassure steel pensioners

Trustees of the giant £15bn steel industry pension fund today moved to reassure pensioners they have nothing to fear from the merger of Tata Steel and Thyssenkrupp.
Express and Star

Revamp of the Takeover Code offers a Cadbury fudge

revamp of the takeover code offers a cadbury fudge
What links a chocolate factory near Birmingham, a tub of Flora margarine and a British-designed chip that tells you when your fridge is running low on milk? Other than the obvious dairy theme, the..
City A.M.

Tata Steel Welsh jobs pledge over Thyssenkrupp merger

tata steel welsh jobs pledge over thyssenkrupp merger
The first minister says he has been assured steel merger plan will not threaten Welsh workers.
BBC News

Thousands of jobs at risk after Tata Steel agrees merger

thousands of jobs at risk after tata steel agrees merger
Tata Steel Europe, which employs about 8,000 in the UK – including 4,000 at Port Talbot in South Wales – is teaming up with ThyssenKrupp to battle cheap Chinese steel flooding the market.
MailOnline

ALEX BRUMMER: Sell-out for British Steel

alex brummer: sell-out for british steel
Less than 24 hours after The Takeover Panel set out a new wish for foreign takeovers the shape of the deal between Germany's Thyssenkrupp and India's Tata Steel has been unveiled.
MailOnline

UK seeks assurances over the future of Port Talbot after steel merger

uk seeks assurances over the future of port talbot after steel merger
UK unions and politicians sought assurances over jobs and investments after Tata Steel and Germany's Thyssenkrupp announced an agreement to combine their European operations in a joint..
City A.M.

Unions seek UK job assurances from Tata Steel and ThyssenKrupp

Most roles under review following steel groups’ merger are in support functions outside UK
FT.com

Tata Steel and Thyssenkrupp welcome merger

tata steel and thyssenkrupp welcome merger
The merger deal between Tata Steel and Thyssenkrupp is welcomed by both companies.
BBC News Also reported by •thisismoney.co.uk

India's Tata Steel and German rival Thyssenkrupp merge

india's tata steel and german rival thyssenkrupp merge
The deal, which is expected to complete next year, will bring the rival firms together and create Europe's second-biggest steal group after ArcelorMitta.
MailOnline Also reported by •thisismoney.co.uk

Tata Steel and Thyssenkrupp pressed by Government and unions to safeguard Port Talbot jobs after steel deal

The future of Tata's business in the UK, and particularly at its steelworks in Port Talbot, has been uncertain since the Indian company last year said that it intended to sell its British assets
Independent

Tata Steel Thyssenkrupp merger: Safeguard Welsh jobs call

tata steel thyssenkrupp merger: safeguard welsh jobs call
The tie-up between Tata - which owns Port Talbot steel works - and a German firm will lead to job losses.
BBC News

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