Merk: Liberty

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Liberty Steel owner GFG to restart Rotherham and Stocksbridge plants

24 Uitsigte0 Opmerkings

The owner of Liberty Steel has pledged to restart its plants in Rotherham and Stocksbridge in South Yorkshire this month, saving the “substantial majority” of 1,000 werksgeleenthede, by pumping £50m in cash into the business. Die...

Fears furlough ‘cliff edge’ at Liberty Steel could puts jobs at risk

41 Uitsigte0 Opmerkings

Ministers and unions fear that Liberty Steel faces a “cliff edge”, risking thousands of jobs when the UK’s furlough scheme ends next month, unless owner Sanjeev Gupta can secure a new source of financing after months...

Liberty Steel wants to buy time, but who will want to snap up its assets?

36 Uitsigte0 Opmerkings

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Liberty Steel plans to sell Yorkshire plant to stay afloat

51 Uitsigte0 Opmerkings

Liberty Steel has said it plans to sell its aerospace steel business based in Yorkshire as part of a restructuring deal as it tries to ensure its survival. The steelmaker, which is owned by the metals magnate Sanjeev ...

Sanjeev Gupta close to winning £200m loan to save Liberty Steel

68 Uitsigte0 Opmerkings

Metals magnate Sanjeev Gupta is close to securing a £200m loan for Liberty Steel UK, which would hand a lifeline to Britain’s third largest steel business and help stave off thousands of job losses. It is understood t...

UK government must save Liberty Steel soon to protect supply chain jobs, warns Labour

59 Uitsigte0 Opmerkings

The Labour party has called for the government to step in to save Liberty Steel from an insolvency that could threaten thousands of supply chain jobs if owner Sanjeev Gupta fails to find a new lender to prop up his me...

Aerospace body urges government to secure Liberty Steel supply

52 Uitsigte0 Opmerkings

The aerospace industry is calling for the government to intervene to secure the supply of specialist steel products it relies on, amid struggles for funding for Liberty Steel. Liberty Steel’s owner, Sanjeev Gupta, is ...

Liberty Steel misses accounts deadlines for major UK companies

78 Uitsigte0 Opmerkings

Liberty Steel has missed deadlines to file accounts for some of its biggest British businesses, in the latest sign of the struggles facing Sanjeev Gupta’s industrial empire. Gupta is listed as director of 15 companies...

Liberty Steel owner pledges not to close any UK plants

67 Uitsigte0 Opmerkings

The Liberty Steel owner Sanjeev Gupta has pledged not to shut down any of his steel plants even as creditors seek to wind up key businesses. Gupta has been urgently seeking refinancing for GFG Alliance, the conglomera...

Credit Suisse aims at wind-up orders for Gupta’s Liberty arm

89 Uitsigte0 Opmerkings

Credit Suisse has begun court action to push a $4bn trading business belonging to the metals magnate Sanjeev Gupta into insolvency, as it tries to recoup losses. Gupta is the founder of Liberty Steel and its holding c...

Kwasi Kwarteng: all options on table to save Liberty Steel

76 Uitsigte0 Opmerkings

Business secretary also says David Cameron did nothing wrong in his work on behalf of Greensill CapitalAll options remain on the table for Liberty Steel, the business secretary has said, insisting the industry still h...

Liberty Steel to restart UK steelmaking as it seeks new funding

59 Uitsigte0 Opmerkings

Firm, owned by Sanjeev Gupta, was refused £170m government bailout, but unions urge nationalisationLiberty Steel UK, owned by tycoon Sanjeev Gupta, said on Monday it planned to restart steelmaking next week as it cont...

Liberty Steel feels the heat after government rejects loan plea

68 Uitsigte0 Opmerkings

Sanjeev Gupta urgently seeking support for his 3,000-staff firm after collapse of Greensill Capital, a key backerConcerns for the future of Liberty Steel and its 3,000 UK workers have grown after the government reject...