Tata Steel In Britain
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UK To Pump $621 Million Into Tata Steel To Secure Steel Industry
Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as 3,000 jobs at risk.
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UK Financier Makes New Offer To Take Over Tata Steel Pension Scheme
Tata Steel, Britain's largest steelmaker, is in talks with stakeholders about spinning off its British Steel Pension Scheme (BSPS) into a standalone entity and cutting benefits for all 130,000 members.
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Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity: Report
Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.
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UK's May Can't Get Meeting With Turmoil-Hit Tata Executives
Prime Minister Theresa May, on a visit to India to drum up trade after Britain voted to quit the European Union, said she's been unable to arrange a meeting with senior figures at Tata Sons Ltd. amid uncertainty over the company's plans for its steel plants in the U.K.
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UK Minister Held Secret Meeting With Cyrus Mistry: Report
Britain's new business and energy minister Greg Clark, who was in India for a brief visit earlier this week, held secret talks with Tata Group chairman Cyrus Mistry over the future of Tata Steel's UK business, according to a media report.
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UK Still Offers To Take Stake In Port Talbot After Tata Steel Pauses Sale
Britain said on Monday that it could still take a stake in Tata Steel's largest assets, including the Port Talbot plant, or offer loans in order to find a buyer after the Indian steelmaker said it was pausing the sale.
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Tata Steel May Delay Port Talbot Plant Sale, Shares Slump
Tata Steel shares slumped over 5 per cent on Thursday amid a media report that India's biggest steel producer will delay the sale of its Port Talbot plant in the UK. The Port Talbot steel plant - Britain's biggest - has been making losses, forcing Tata Steel to put it up on sale earlier this year.
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Tata Steel To Further Delay Decision Over UK Port Talbot Plant: Report
Tata Steel will announce the sale of some of its speciality businesses in Britain but further delay a decision on the future of its Port Talbot plant, which it put up for sale earlier this year, the BBC reported.
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Carmakers Seek Alternatives To UK Steel As Tata Looks For Buyers
Carmakers in Britain are making plans to get more steel from continental Europe, putting pressure on Tata Steel to secure a sale of its troubled UK plants before it loses customers.
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David Cameron Says Tata Steel UK Gets 'Encouraging' Offers
Tata Steel has received a number of serious offers for its businesses in Britain, Prime Minister David Cameron said on Wednesday as steel workers marched past Downing Street to put pressure on the government to get a deal.
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Tata Steel Considers Bids For British Assets
Britain's Business Secretary Sajid Javid met Tata Steel bosses in Mumbai ahead of a crunch board meeting on Wednesday expected to discuss potential buyers for its loss-making UK assets.
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Not Going Slow On International Operations: Tatas
Undeterred by the trouble facing its steel operations in Britain, Tata Group on Wednesday said the strategy to globalise is not impacted by this development and that the company will continue to develop international presence.
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Britain Needs To Do More To Help Find A Buyer: Tata Steel UK CEO
The British government will probably have to do more to help Tata Steel to find a buyer for its steel plants in the country, Bimlendra Jha, the chief executive of Tata Steel UK said on Thursday.
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Sale of Tata Steel's UK Businesses Difficult, Says British Government
Securing the sale of Tata Steel's businesses in Britain is a difficult process and Prime Minister David Cameron is trying to be as realistic as possible about saving the plants, his spokesman said on Wednesday.
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Britain Says Could Take 25% Equity Stake In Tata Steel UK Assets
Britain said on Thursday it could take an equity stake of up to 25 per cent in Tata's UK steel assets or provide hundreds of millions of pounds worth of debt financing to help support a potential buyer.
-
UK To Pump $621 Million Into Tata Steel To Secure Steel Industry
Britain is to pump 500 million pounds ($621 million) into Tata Steel to decarbonise its Welsh site, in a deal aimed at securing the future of the country's steel industry but which puts as many as 3,000 jobs at risk.
-
UK Financier Makes New Offer To Take Over Tata Steel Pension Scheme
Tata Steel, Britain's largest steelmaker, is in talks with stakeholders about spinning off its British Steel Pension Scheme (BSPS) into a standalone entity and cutting benefits for all 130,000 members.
-
Tata Steel, Thyssenkrupp Looking At Reducing Port Talbot's Capacity: Report
Tata Steel and Thyssenkrupp are looking at reducing the size of Britain's largest steel plant in Port Talbot, Wales, industry sources said, as the two firms press ahead with plans to merge their European steel operations and deal with the overcapacity afflicting the industry.
-
UK's May Can't Get Meeting With Turmoil-Hit Tata Executives
Prime Minister Theresa May, on a visit to India to drum up trade after Britain voted to quit the European Union, said she's been unable to arrange a meeting with senior figures at Tata Sons Ltd. amid uncertainty over the company's plans for its steel plants in the U.K.
-
UK Minister Held Secret Meeting With Cyrus Mistry: Report
Britain's new business and energy minister Greg Clark, who was in India for a brief visit earlier this week, held secret talks with Tata Group chairman Cyrus Mistry over the future of Tata Steel's UK business, according to a media report.
-
UK Still Offers To Take Stake In Port Talbot After Tata Steel Pauses Sale
Britain said on Monday that it could still take a stake in Tata Steel's largest assets, including the Port Talbot plant, or offer loans in order to find a buyer after the Indian steelmaker said it was pausing the sale.
-
Tata Steel May Delay Port Talbot Plant Sale, Shares Slump
Tata Steel shares slumped over 5 per cent on Thursday amid a media report that India's biggest steel producer will delay the sale of its Port Talbot plant in the UK. The Port Talbot steel plant - Britain's biggest - has been making losses, forcing Tata Steel to put it up on sale earlier this year.
-
Tata Steel To Further Delay Decision Over UK Port Talbot Plant: Report
Tata Steel will announce the sale of some of its speciality businesses in Britain but further delay a decision on the future of its Port Talbot plant, which it put up for sale earlier this year, the BBC reported.
-
Carmakers Seek Alternatives To UK Steel As Tata Looks For Buyers
Carmakers in Britain are making plans to get more steel from continental Europe, putting pressure on Tata Steel to secure a sale of its troubled UK plants before it loses customers.
-
David Cameron Says Tata Steel UK Gets 'Encouraging' Offers
Tata Steel has received a number of serious offers for its businesses in Britain, Prime Minister David Cameron said on Wednesday as steel workers marched past Downing Street to put pressure on the government to get a deal.
-
Tata Steel Considers Bids For British Assets
Britain's Business Secretary Sajid Javid met Tata Steel bosses in Mumbai ahead of a crunch board meeting on Wednesday expected to discuss potential buyers for its loss-making UK assets.
-
Not Going Slow On International Operations: Tatas
Undeterred by the trouble facing its steel operations in Britain, Tata Group on Wednesday said the strategy to globalise is not impacted by this development and that the company will continue to develop international presence.
-
Britain Needs To Do More To Help Find A Buyer: Tata Steel UK CEO
The British government will probably have to do more to help Tata Steel to find a buyer for its steel plants in the country, Bimlendra Jha, the chief executive of Tata Steel UK said on Thursday.
-
Sale of Tata Steel's UK Businesses Difficult, Says British Government
Securing the sale of Tata Steel's businesses in Britain is a difficult process and Prime Minister David Cameron is trying to be as realistic as possible about saving the plants, his spokesman said on Wednesday.
-
Britain Says Could Take 25% Equity Stake In Tata Steel UK Assets
Britain said on Thursday it could take an equity stake of up to 25 per cent in Tata's UK steel assets or provide hundreds of millions of pounds worth of debt financing to help support a potential buyer.
