Harland and Wolff: Deal struck to buy troubled Titanic maker saving 1,000 jobs Business Troubled shipbuilder Harland and Wolff, which crashed into administration owing more than £160m earlier this year, has been saved. Spanish state-owned business Navanti has struck a deal to buy the Belfast-based company in a move which will secure 1,000 jobs at Harland and Wolff’s four shipyards – one in Belfast, two in Scotland (Methil on [...]
Huge debts at Titanic shipbuilder Harland & Wolff revealed Business Titanic shipbuilder Harland & Wolff owed more than £160m when it collapsed into administration last month, it has been revealed. Teneo was appointed to oversee the process at the 162-year-old holding company in September while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the control of the directors. Now a [...]
Harland & Wolff: Spanish rival nears deal to buy Titanic shipbuilder Transport and infrastructure Spanish state-owned shipbuilder Navantia is reportedly closing in on a deal to buy Titanic maker Harland & Wolff out of administration.
Harland & Wolff: Titanic shipbuilder calls in administrators September 27, 2024 Historic Titanic shipbuilder Harland and Wolff has called in administrators and said it was preparing to cut jobs today after falling into insolvency for the second time in five years. The administration process is confined to the 162-year-old holding company while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the [...]
Harland & Wolff: Titanic shipbuilder to enter administration as job losses loom September 16, 2024 The Aim-listed shipyard said steps were now underway to reduce headcount in its "non-core" and certain "central support areas."
Harland & Wolff to meet with shareholders as administration risk looms September 16, 2024 Troubled shipbuilder Harland & Wolff is planning to meet with shareholders this Thursday following reports that the firm could fall into administration as soon as this week, City A.M. understands.
Titanic maker Harland and Wolff’s finance chief leaves company September 11, 2024 The Belfast-based shipyard gave almost no detail in a statement on the London Stock Exchange, but that Raman "had resigned with immediate effect."
The state is bad at picking winners. GB Energy will prove that August 19, 2024 GB Energy is likely to prove to be another example of how the state can't pick winners, writes Eliot Wilson.
Harland and Wolff: Titanic maker’s shares to stay suspended as stakeholders fear bankruptcy August 12, 2024 Harland and Wolff's Aim-listed shares have been suspended since July after accounting issues forced it to delay publishing its annual report.
Harland and Wolff: Titanic shipbuilder staves off collapse after securing emergency £20m loan August 1, 2024 The Belfast shipyard said it had entered into agreements with lenders to increase its existing credit facility by $25m (£19.5m).