Category: rescue
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ArcelorMittal Hands South Africa Responsibility for Mill Rescue
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(Bloomberg) – ArcelleMittal said it is up to South Africa to keep the decisive steel factories open and interrogated the industrial policy of the government. Most of them read from Bloomberg The South African Unit of the company has negotiated with state officials since January 6, when the company said…
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Dragons’ Den star Sara Davies retakes Crafter’s Companion reins amid pre-pack rescue
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Dragons’ Den businesswoman Sarah Davies is set to regain control of Crafter’s Companion, the craft supply company she founded, through a fast-track bankruptcy deal. The company, which has gained international fame for its paper, art and sewing products, has filed a notice of intent to appoint directors with the High…
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Dragons’ Den star Sara Davies retakes Crafter’s Companion reins amid pre-pack rescue
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Dragons’ Den businesswoman Sarah Davies is set to regain control of Crafter’s Companion, the craft supply company she founded, through a fast-track bankruptcy deal. The company, which has gained international fame for its paper, art and sewing products, has filed a notice of intent to appoint directors with the High…
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Labour backs £15m rescue fund to tackle food waste and feed those in need
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Labor ministers have thrown their support behind a £15 million government plan to rescue surplus food from UK farms – often thrown away or fed to animals – and distribute it to homeless shelters, food banks and charities, especially over the festive period. The fund, originally promised by Michael Gove…
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Titanic shipbuilder Harland & Wolff set for £70m rescue deal from Spanish rival
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Harland & Wolff, the historic UK shipbuilder best known for building the Titanic, is on the verge of concluding a £70 million salvage deal with Spanish state-owned shipbuilder Navantia. The agreement, which is supported by the British Government, is expected to save more than 1,000 jobs at the company’s four…
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Labour finalising £500m rescue for Tata Steel’s Port Talbot plant
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The UK government is close to completing a £500m bailout for Tata Steel’s Port Talbot plant, after its blast furnaces were shut. The financing agreement, initially developed under the previous government, aims to help Tata Steel shift to a more environmentally friendly production method by building an electric arc furnace…
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Carpetright’s future secured but at least 1,000 jobs lost in limited rescue deal
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Carpetright’s future was partly secured through the rescue deal, but the move resulted in the loss of more than 1,000 jobs. Tapi, a rival flooring retailer, bought 54 of Carpetright’s 272 stores and two warehouses through a pre-pack administration, which allows for selective acquisition of assets. The deal retained 308…
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Octopus Energy to Repay £3bn Taxpayer Support for Bulb Rescue
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Octopus Energy has announced it will pay back almost the full cost of government subsidies for its acquisition of failed energy provider Bulb. The move ensures that taxpayers will get back almost the full amount of the bailout. Octopus acquired Bulb, which collapsed in 2021 due to unsustainable losses caused…
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Israeli forces rescue four hostages from Gaza Strip
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This morning, in a complex joint operation carried out by the Israeli army, the Israeli General Security Service (Shin Bet) and the Israeli police’s anti-terrorism unit, four Israeli hostages were freed from the Gaza Strip. The four are Noa Argamani (25), Almog Meir (21), Andrei Kozlov (27), and Shlomi Ziv…