For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Business Secretary Jonathan Reynolds would not be drawn on …
LONDON — The future of the Northern Ireland-based Harland and Wolff shipbuilder, which famously built the Titanic, appears to have been safeguarded on Thursday after the Spanish state-owned business Navantia stepped in to buy it. If approved, the deal will secure 1,000 jobs at Harland and Wolff’s four shipyards, including at the iconic one in Belfast, Northern Ireland. “This deal …
The administration will affect only Harland & Wolff Holdings Plc, the group holding company, with its four yards, Belfast, Appledore, Arnish and Methil, continuing to trade. Harland & Wolff said: “The board has concluded that the company is insolvent on a balance sheet basis per its last audited accounts and most recent management accounts. Bosses are in “regular discussion” with …
