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.... The deal means Hinkley would be an “absolute goldmine” when operational, Atherton said. He said UK financial support was not dissimilar to the deal Kepco has in the United Arab Emirates, where it is building four new reactors paid for by the UAE’s state-owned utility. ... [Read full article on Guardian ]
Saturday 25th of March 2017 04:00:06 PM
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Latest Finance News related to Financial Support

Foreign companies flock to build nuclear plants in the UK image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
.... The deal means Hinkley would be an “absolute goldmine” when operational, Atherton said. He said UK financial support was not dissimilar to the deal Kepco has in the United Arab Emirates, where it is building four new reactors paid for by the UAE’s state-owned utility. ...
Budgens closes 34 stores with loss of 815 jobs image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:04:23 AM
....Mike Denny, joint administrator at PwC, said: “Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores. “We are working closely with the Co-op, [the shopworkers’ trade union] Usdaw and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process. ...
Budgens: More than 800 jobs lost as 34 stores close image
Source : BBC [Read Article] Tuesday 7th of March 2017 08:31:22 AM
....Mike Denny, joint administrator at PwC, said: "Unfortunately, we have been unable to find a buyer and it is not commercially viable to continue trading the stores. "We are working closely with the Co-op, USDAW and the relevant government agencies to ensure that all employees receive the maximum levels of practical and financial support through the redundancy process. ...
Government abdicating responsibility for social care, say providers image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:36 AM
....”. Green said that the government needed to ensure that any financial support for the sector in the budget made its way to care providers, rather than getting stuck inside local authorities. ...
'It was devastating': families and residents suffer as care homes close image
....”. Discussions with the council over the level of financial support the homes needed reached a dead end. ...
Fears grow for Vauxhall jobs as government vows to do all it can image
Source : Guardian [Read Article] Monday 20th of February 2017 07:31:35 PM
.... It is absolutely vital that GM and Peugeot understand that the UK government is prepared to move heaven and earth to safeguard our plants. “I repeat, the UK government must match, if not more, whatever political and financial support that the French and German governments are giving their plants and workers. ...
Rolls-Royce faces civil service inquiry over UK state funding image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:29:06 PM
. Civil servants are carrying out an internal inquiry to establish whether the engineering giant Rolls-Royce fraudulently obtained financial support worth hundreds of millions of pounds from the government. ...
Struggling households urged to ACT NOW to beat April water bill RISES image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 02:25:00 PM
. Low-income households can take action now to beat an April rise in water bills by tapping into the financial support available from their water company. ...
Cuts to heap for suffering bereaved families image
Source : Daily Express [Read Article] Wednesday 1st of February 2017 12:01:00 AM
.... Stephen Crosbie, protection director at Aegon, said families still needed to take out life insurance. “The bereavement support payment is unlikely to provide the financial support needed to maintain your current standard of living should you lose income from the main breadwinner. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
.... These so-called councils allowed the government to communicate regularly with chief executives in sectors it considered important, and to develop joint policies. It should be remembered that Javid’s laissez-faire approach ended in a tangle when he was forced to step in and offer financial support for the steel industry as thousands of jobs hung on the line. ...
Brexiters expect to leave the EU on a free trade ‘crusade’. What if they are wrong? image
....This report, and others like it, showed most academic economists continue to be sceptical about the strength of UK manufacturing and its ability to overcome higher barriers for exports destined for the EU, as well as to strike fresh deals further afield. In answer to this downbeat view of the economy, international trade secretary Liam Fox has sent his team to 55 countries and is “actively making representations to overseas buyers and governments, organising key meetings and missions, showcasing UK products to overseas buyers and providing direct financial support”. ...
Statute of Liberty image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:58:01 PM
.... . But the financial support in New York will not apply to top private universities, where tuition fees can be in the region of $50,000 (£41,000) per year. ...
Brexit: Civil service faces 'bumpy ride' says union leader image
Source : BBC [Read Article] Wednesday 28th of December 2016 05:03:34 PM
....". He highlighted the Department for Environment, Food and Rural Affairs as one department to face difficult choices because of the amount of EU legislation affecting the farming and fishing industries and the level of financial support they received from Europe. ...
Philip Green demands Dominic Chappell pays into BHS pension deal image
Source : Guardian [Read Article] Monday 26th of December 2016 03:16:29 PM
....“A big notice to them, why don’t they look themselves in the mirror and look at how they behaved through the whole process?”. A spokesperson for the Pensions Regulator said: “We have issued warning notices setting out evidence for use of our contribution notice power and our financial support direction power, to a number of parties including Sir Philip Green. ...
Adani coalmine 'covertly funded' by World Bank, says report image
Source : Guardian [Read Article] Thursday 22nd of December 2016 05:33:56 AM
....The Inclusive Development International report said Adani Enterprises’ sister company, Adani Power, received US$1. 18bn in financial support from IFC “intermediaries” through loans, bonds and share issues. ...
Tata Steel: Unions close to deal to keep Port Talbot open image
Source : BBC [Read Article] Monday 5th of December 2016 03:46:50 PM
....The future of Tata plants has been in doubt since the UK business was put up for sale in March. The UK and Welsh governments offered financial support, but the company's pension scheme has been deterring potential buyers. ...
Co-op's Christmas ad shows charity benefits of membership image
Source : Guardian [Read Article] Thursday 1st of December 2016 06:01:39 AM
....The Co-operative Group’s Christmas TV advertisement is featuring people involved with the local community groups that have benefited from its revamped membership scheme. The Manchester-based mutual, which now focuses on groceries and funeral homes with some remaining financial services operations, said it wanted to show how shoppers buying its award-winning champagne, smoked salmon and other foods for Christmas could help local charities by giving them financial support. ...
Fashioning friendships image
Source : BBC [Read Article] Thursday 24th of November 2016 12:04:09 AM
....Read the BBC's profile of Trans-Dniester. Denis Gumeniuc, who has also had financial support from the EU-UN project, says he was pleased to be able "to work on the other side of the Dniester", the river that forms most of the border between the main part of Moldova on its western side, and Trans-Dniester to its east. ...
Sir Philip Green's yacht and other assets could be seized, says regulator image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:35:19 PM
....Pushed by Frank Field, the chair of the select committee, about whether TPR could demand assets from Green, particularly his family’s superyacht Lionheart, she said the regulator did not have the power to freeze assets and it would be for the courts to decide how to recover any unpaid legal demand. On the makeup of any settlement or willing payment from Green to a legal demand, she said: “If there is a settlement or financial support directive, then essentially what we are looking for there is some form of support for the scheme, which could be cash, guarantees or some other structure. ...
Care homes in crisis as revised figures reveal surge in insolvencies image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 05:51:54 PM
....The care home industry is in an even worse financial state than feared after a revision of government data revealed that nearly 100 more such businesses than previously thought have collapsed since 2010. The release of the figures has heightened calls for Philip Hammond, the chancellor, to offer financial support to care homes in the autumn statement. ...
Credit score 'catch-22 pushes millennials towards payday loans' image
Source : Guardian [Read Article] Sunday 20th of November 2016 04:47:44 PM
....Asesh Sarkar, chief executive of SalaryFinance, said: “With millennials set to make up 50% of the global workforce by 2020, there is an increasing need for employers to step up and support this group of workers who are cut out of mainstream finance. “The government’s identification of the problems of the just about managing (Jams), who have less than a months worth of savings in the bank, support our urgent calls for better financial support systems for people in work but struggling. ...
BHS pension deal 'could be struck by Christmas' image
Source : BBC [Read Article] Friday 4th of November 2016 02:49:40 AM
....Those who remained in the scheme would get smaller annual rises, but would start off with their full promised pension, he said. During months of talks Sir Philip has declined to publicly put a number on the level of financial support he would be willing to give the pension scheme. ...
Philip Green's plan for BHS pension falls short by £100m image
Source : BBC [Read Article] Wednesday 2nd of November 2016 09:08:35 PM
.... The decision on his knighthood would have to be taken by the Honours Forfeiture Committee. During months of talks Sir Philip has declined to publicly put a number on the level of financial support he would be willing to give the pension schemes. ...
Extend maternity pay and free childcare says business group CBI image
Source : BBC [Read Article] Thursday 27th of October 2016 11:28:44 AM
....For many working parents, juggling household bills with childcare is a major problem. There have long been calls for more financial support, with the burden on business often raised as a reason for not improving the situation. ...
Nissan to build new models in Sunderland image
Source : BBC [Read Article] Thursday 27th of October 2016 10:27:38 AM
....Although the cheaper pound makes their exports more attractive, a hard Brexit and the prospect of trade tariffs will add to their costs. It seems likely that the government has now promised some sort of financial support to cushion Nissan against such an impact. ...
Sir Philip Green: MPs approve stripping BHS ex-chief of knighthood image
Source : BBC [Read Article] Thursday 20th of October 2016 10:12:57 AM
....Sir Philip has vowed several times to sort out the pension problem, telling MPs in June that his advisers were working on a "resolvable and sortable" solution. On Monday, he told ITV that he was in a "very strong dialogue" with the pensions regulator to find a solution, but would not put a number on the level of financial support he would be willing to give. ...
Green 'moves towards BHS pension deal' ahead of knighthood debate image
Source : BBC [Read Article] Thursday 20th of October 2016 12:12:49 AM
....Sir Philip has vowed several times to sort out the pension problem, telling MPs in June that his advisers were working on a "resolvable and sortable" solution. On Monday, he told ITV that he was in a "very strong dialogue" with the pensions regulator to find a solution, but would not put a number on the level of financial support he would be willing to give. ...
Sir Philip Green 'sad and sorry for BHS hardship' image
Source : BBC [Read Article] Tuesday 18th of October 2016 12:00:25 PM
....". He said he was in a "very strong dialogue" with the pensions regulator to find a solution, but would not put a number on the level of financial support he would be willing to give. ...
Six million low-income families 'worse off than 10 years ago' image
Source : Guardian [Read Article] Thursday 29th of September 2016 06:00:38 PM
....Torsten Bell, director of the Resolution Foundation, said it was “absolutely right” to focus on those families. “Improving the jobs, housing and financial support for this groups is the central task in persuading people that Britain works for them once again,” he said. ...
Foster care workers vote to form first ever trade union image
Source : BBC [Read Article] Tuesday 20th of September 2016 02:22:25 AM
.... . "Foster carers receive financial support to cover the full cost of caring for a child and we're launching a fundamental review of fostering across the country, which will look at the issues affecting foster carers, including accountability and complaints. ...
Lost in grief image
Source : BBC [Read Article] Friday 16th of September 2016 09:16:18 PM
....The average funeral in the UK costs about £3,700, with funeral directors' fees rising well above the rate of inflation in recent years, according to a recent report by the Commons Work and Pensions Committee. Even "simple" funerals cost more than £1,200, it found, although the financial support available through the benefits system in England and Wales has been frozen. ...
Learn how to balance a budget in the biggest university challenge of all image
Source : Guardian [Read Article] Sunday 11th of September 2016 05:59:52 AM
.... There are a significant proportion of students, based on our own data, who are accessing these loans and it is obviously very high risk, with a high level of interest,” Asquith says. In case they do find themselves in financial difficulties, students are advised to approach advisors at their university and see what financial support may be available. ...
Illness forces 12% of workers to quit before pension age - TUC image
Source : BBC [Read Article] Sunday 4th of September 2016 11:26:09 PM
...."People should be able to retire in dignity with a decent pension when the time is right. Older workers have a crucial role to play in the labour market but we can't expect the sick to wait longer to get a pension when they may need financial support more than ever. ...
New students face tricky choice of bank image
Source : BBC [Read Article] Friday 2nd of September 2016 09:06:38 PM
....Irrespective of location, the NUS said that 50% of students struggled to cover day-to-day expenses. The problem was particularly acute near the end of term, and it called for student financial support to be paid monthly. ...
Kickstarter crowdfunding site launches in Asia image
Source : BBC [Read Article] Wednesday 31st of August 2016 08:20:18 AM
.... . Crowdfunding sites offer a platform to present a project or business idea and ask for financial support. ...
Poorer renters at risk from homelessness as benefit shortfall grows image
Source : Guardian [Read Article] Tuesday 23rd of August 2016 11:01:04 PM
....”. He said that some savings from the LHA freeze would be used to create more targeted financial support in areas where rent increases were causing a shortage of affordable accommodation. ...
Gawker case: Thiel is 'serious threat' to press freedom image
Source : BBC [Read Article] Tuesday 16th of August 2016 05:31:12 PM
....It transpired that Mr Thiel, who co-founded PayPal and was an early stakeholder in Facebook, had funded that legal fight and he said he had sought others to back it as well. "For my part, I am proud to have contributed financial support to [Mr Hogan's] case. ...

Britons caught up in worst fires in 20 years outside Marseille, southern France as fires rage in Portugal
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.... . Meanwhile, Portuguese Real Madrid striker Cristiano Ronaldo offered financial support to his native Madeira following devastating wildfires which killed three people and led to mass evacuations. ...
Duke of Westminster, Gerald Cavendish Grosvenor, dies aged 64 image
Source : BBC [Read Article] Tuesday 9th of August 2016 10:35:54 PM
....com. The duke credited himself with using his wealth responsibly and gave financial support to both rural and inner-city areas with links to his estate. ...
Parents are paying the price for raising Olympic stars image
Source : Guardian [Read Article] Saturday 6th of August 2016 06:00:26 AM
....At the other end of the scale, UK Sport invests National Lottery and Treasury income into Olympic and Paralympic athletes with further support coming from the sports’ national governing bodies. But there is very little financial support for children competing at a county and regional level. ...

Floods kill 78 across China, 91 missing, 400,000 evacuated
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Source : Telegraph [Read Article] Saturday 23rd of July 2016 05:22:12 AM
....3 billion), the government has said. The central bank on Friday issued a statement saying it would provide financial support for flooded areas. ...

What should Theresa May do about immigration? A 6-point plan
 image
Source : Telegraph [Read Article] Friday 22nd of July 2016 04:30:00 PM
....No one denies that migration puts pressure on public services. Local councils, health trusts and charities facing particular pressure should be able to apply for financial support for education, housing and transport, to help them offer more nurses, teaching assistants and buses. ...

Bursaries for student nurses and midwives to be scrapped by government
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Source : Telegraph [Read Article] Thursday 21st of July 2016 10:43:37 PM
....The Government has said that replacing bursaries with loans will free up around £800 million a year, create extra nursing posts by 2020 and help students from all backgrounds take up the role. In the 2015 Spending Review ministers set out plans that will mean from August 2017, all new nursing, midwifery and allied health professional students will receive their funding and financial support through student loans rather than through the NHS bursary scheme in England. ...
In a jam image
Source : BBC [Read Article] Friday 8th of July 2016 09:40:51 PM
.... . He expects to lose the financial support he's been getting from the EU, while rival European producers will continue to receive it. ...
Real Madrid among Spain clubs ordered to repay state aid image
Source : BBC [Read Article] Monday 4th of July 2016 01:54:21 PM
....Real Madrid, the world's richest club and European champion, was ordered to repay more than €20m (£17m) in total. Separately, the commission cleared five Dutch football clubs of receiving unfair financial support. ...
Energy bills: plans for blanket ceiling on how much firms can charge ditched image
....But the CMA argued that 30 new measures, including a database to enable rival suppliers to contact customers, will help open up the market to more competition. It promised to reform outdated systems for measuring and charging for energy that distort competition between suppliers, to cut the cost of transmitting electricity and use competition to help ensure financial support for low carbon generation is allocated at the lowest cost to customers. ...
Britain heading for 'retirement time bomb as savers splash out on holidays and new cars' image
.... Mr Connolly said: “It is deeply worrying that many people don’t seem to have grasped the facts that we are living for longer and that they are personally responsible for ensuring they have enough money to support themselves throughout their retirement. “While some people are struggling with debts, are desperately trying to get on the property ladder or have to provide financial support to their children or even their parents, too many are prioritising short-term goals such as expensive holidays or new cars over their long-term financial futures. ...
Working till you drop: Five-minute guide to the chaining face of retirement image
.... To add to the financial pressure, more and more retired people are spending their wealth helping children and grandchildren get on in life. Stan Russell, retirement income expert at Prudential, says: “The pressure on retirees to provide this financial support continues to rise in line with the growth in the cost of housing, education and childcare. ...
Tata Steel must commit for the long haul, says Stephen Kinnock image
Source : Guardian [Read Article] Sunday 29th of May 2016 05:40:03 PM
.... The development raised further hopes the Port Talbot plant in Kinnock’s Aberavon constituency in south Wales and 11,000 jobs across the country can be saved. Sources close to Tata Steel said its owners were assessing the performance of the UK operation and the package of financial support made available by the government. ...
Brexit would pose 'serious risk' to global growth, say G7 leaders image
Source : Guardian [Read Article] Friday 27th of May 2016 07:23:41 AM
....On Thursday, Donald Tusk, the president of the European Council, stressed that while geography meant Europe was rightly acting first, there was a need for countries around the world to step up efforts to financially support refugees and help develop relocation schemes. The leaders agreed there would be an increase in efforts to meet the short- and long-term needs of refugees, and also encouraged more financial support. ...
Tata Steel is considering retaining UK business image
Source : Guardian [Read Article] Wednesday 25th of May 2016 07:08:57 PM
....Tata Steel is considering keeping its UK business, raising hopes that the Port Talbot steelworks and 11,000 jobs can be saved. Sources close to Tata Steel said it is evaluating the performance of its UK operations and the package of financial support that the government has offered, at the same time as running a sales process. ...
Climate change puts 1.3bn people and $158tn at risk, says World Bank image
....“Climate change is a brutal reality confronting millions of the world’s most vulnerable people. Their need for financial support to adapt to climate extremes is urgent and rising,” Oxfam said in its Unfinished Business report. ...
Barclays offers 0% deposit mortgage to home buyers image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 11:01:11 PM
.... Of these, 20% who accept help see the money as a gift that does not need to be paid back. A separate survey from credit checking company Experian recently found that 27% of Britons aged 55 and over had given financial support to their child or someone else to help them buy their own property, even though 15% of them said they were “not at all” financially comfortable themselves. ...
Barclays offers 0% deposit mortgage to home buyers image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 11:01:11 PM
.... Of these, 20% who accept help see the money as a gift that does not need to be paid back. A separate survey from credit checking company Experian recently found that 27% of Britons aged 55 and over had given financial support to their child or someone else to help them buy their own property, even though 15% of them said they were “not at all” financially comfortable themselves. ...
The golden age of investing is over: get used to Wall Street's 'new normal' image
....Even paying for private schools from kindergarten through college, or helping to finance your child’s wedding, can be a mistake if you’re doing it at the expense of funding your own retirement needs. Yes, you are investing in your children’s future (or the future health of the florist or wedding photographer’s businesses), but how will they feel when, in 15 to 20 years’ time, they realize that the price for that financial help is ongoing financial support? In a low-return environment, with investment tailwinds transformed into headwinds, those are some of the tough trade-offs that we’ll have to wrestle with. ...
Europe's liberal illusions shatter as Greek tragedy plays on image
Source : Guardian [Read Article] Sunday 1st of May 2016 10:46:01 AM
.... The government in Athens is raiding the budgets of the health service and public utilities to pay salaries and pensions. Without fresh financial support it will struggle to make a debt payment due in July. ...
Europe's liberal illusions shatter as Greek tragedy plays on image
Source : Guardian [Read Article] Sunday 1st of May 2016 10:46:01 AM
.... The government in Athens is raiding the budgets of the health service and public utilities to pay salaries and pensions. Without fresh financial support it will struggle to make a debt payment due in July. ...
Tata Steel may yet keep UK business if outlook improves image
Source : Guardian [Read Article] Tuesday 26th of April 2016 07:20:18 PM
....The government’s commitment to supporting the steel industry has been welcomed by Tata. However, its offer of direct financial support – most likely through low-interest loans – is unlikely to influence any decision by Tata to keep the UK business. ...
Tata Steel: government offers to part-nationalise UK plants image
Source : Guardian [Read Article] Thursday 21st of April 2016 12:36:01 PM
....But the UK and Welsh governments jointly declared on Thursday that they would consider taking an equity stake of up to 25% in the steel plants, including Port Talbot in south Wales, amounting to part-nationalisation of the struggling industry. They are also offering debt financing at commercial rates and grants for equipment, which would probably make up the bulk of the financial support. ...
Minister admits lights would stay on even if Hinkley nuclear plant is delayed image
.... In March, the Guardian reported that the Hinkley deal contains a “poison pill” which could leave taxpayers with a £22bn bill if a future UK government closed the plant before 2060. John Sauven, Greenpeace’s UK director said: “There is absolutely no reason that the UK could not meet our decarbonisation targets if the government dropped Hinkley and gave renewable energy businesses a fraction of political and financial support that nuclear and fossil fuel companies enjoy. ...
British farmers best served by UK staying in EU, says NFU image
Source : Guardian [Read Article] Monday 18th of April 2016 06:21:26 PM
....Brexit supporters insist support to UK farmers would continue in the event of Britain voting on 23 June to leave the EU. However, farmers have raised concerns about whether this financial support would be forthcoming, as the government has previously argued against direct payments through the CAP. ...
Frank Field proposes national wage top-up for lower paid over-50s image
Source : Guardian [Read Article] Monday 18th of April 2016 05:39:31 PM
....Workers over 50 forced into lower-paid work after losing their jobs would receive an earnings top-up worth £200 a week under a national wage plan proposed by the Labour MP Frank Field. The longstanding campaigner for welfare reform said employees aged between 50 and 64 should be eligible for government financial support worth £10,000 a year for two years provided they had a track record of paying their national insurance contributions. ...
Is Wall Street a problem for Hillary Clinton? image
Source : BBC [Read Article] Wednesday 13th of April 2016 11:00:43 PM
Why Three into O2 won't go image
Source : Guardian [Read Article] Monday 11th of April 2016 06:34:20 PM
.... The Greybull crew have also bought the rights to the British Steel name, dormant since 1999, and intend to use it. Smart move: if you’re looking to the government for financial support to help revive operations, requests may be harder to refuse if they are seen to come from British Steel rather than a family investment office. ...
Universal credit cuts to lose low-income families up to £200 a month image
Source : Guardian [Read Article] Sunday 10th of April 2016 01:27:07 PM
....Ministers have promised that households that migrate from tax credits to universal credit will have their income protected as it is rolled out over the next three years. People currently on the benefit, however, and those who make new claims, will get no financial support to help them cope with the shortfall. ...
Tata Steel: potential Port Talbot bidder says he is yet to decide on offer image
....The Indian metals tycoon who has emerged as a potential saviour of Tata’s UK steel business has admitted that his company is yet to decide whether to make a bid and needs to “examine very carefully” any proposal. Doubts are growing as to whether Sanjeev Gupta and Liberty House have the resources to rescue the Port Talbot steelworks and Tata’s other sites without substantial financial support from the government. ...
Who might rescue Port Talbot? image
Source : Guardian [Read Article] Wednesday 6th of April 2016 03:20:31 PM
.... However, this would lower production capacity and the government and unions are keen to preserve the blast furnaces. In addition, Gupta is thought to want the government to take on Tata’s pension liabilities and provide substantial financial support towards Port Talbot’s energy costs. ...
Steel crisis: Sajid Javid flies to Mumbai for talks with Tata chairman image
....Gupta’s plan is thought to involve replacing the blast furnaces at Port Talbot with electric arc furnaces that process scrap steel. However, this could take years and Gupta has indicated he would need significant financial support, with the government helping with Tata’s pension liabilities of almost £15bn and either cutting environmental taxes or subsidising power projects the tycoon is involved with. ...
Steel crisis: Sajid Javid calls on Tata chief to back sale process image
Source : Guardian [Read Article] Tuesday 5th of April 2016 01:00:30 PM
....The business secretary said he wants Tata to agree a process for selling its UK steel business when they meet in Mumbai on Wednesday. Sajid Javid hinted at the financial support that ministers would be willing to provide to secure a sale of Tata’s British assets, saying he wants potential buyers to understand that the UK government would have a role if the CEO, Cyrus Mistry, pushed for a sale. ...
Tycoon in talks over Port Talbot sale image
Source : BBC [Read Article] Sunday 3rd of April 2016 04:40:26 PM
....The government declined to comment. It comes as the government said it was ready to offer financial support to "clinch a buyer" to save the steelworks, where more than 4,000 jobs are at risk. ...
Hinkley Point: China incorporates seven London-based firms image
Source : Guardian [Read Article] Sunday 3rd of April 2016 12:25:51 PM
....The Chinese company announced at a highly publicised signing ceremony in London last October that it would be taking a one-third share in Hinkley Point C alongside EDF, and that it also planned to construct and operate its own locally designed reactors at Bradwell. Despite heads of agreement being signed off during the visit of the Chinese president, Xi Jinping, EDF and China Nuclear had still not completed the final legal documents in February as the wider Hinkley go-ahead remained stalled while the French power company demanded more financial support from Paris. ...
Tata steel crisis: UK may offer sweeteners to tempt potential buyers image
Source : Guardian [Read Article] Sunday 3rd of April 2016 10:14:15 AM
....EU rules prevent the UK from offering state support to its beleaguered steel industry but there could be ways to take on pension liabilities and offer relief for energy costs. A source close to Tata said it “could find a solution” and potentially rescue the deal with German industrial conglomerate ThyssenKrupp if the UK government provided substantial financial support and restructured pension scheme, which has 130,000 members. ...
Pension Protection scheme primed to bailout Tata steel workers and BHS image
Source : Daily Express [Read Article] Sunday 3rd of April 2016 12:01:00 AM
....”. A PPF spokesman said it is monitoring the situation at Tata Steel UK and is also holding talks with BHS about how much financial support it is prepared to provide to their pension schemes. ...
Port Talbot steel plant could be rescued by German company image
Source : Guardian [Read Article] Saturday 2nd of April 2016 08:35:55 PM
....Related: Tata steel crisis: Cameron defends blocking tariffs as Javid faces workers’ anger. A source close to Tata said “they could find a solution” and potentially rescue the deal with the Germans if the UK government provided substantial financial support and the pension scheme, which has 130,000 members, were restructured. ...
What are government's options over Tata Steel and Port Talbot? image
Source : Guardian [Read Article] Thursday 31st of March 2016 01:58:10 PM
.... European state-aid rules mean any loans or loan guarantees would have to be on terms similar to those on offer in the commercial world. However, Tata could also offer financial support. ...

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