London Escorts sunderland escorts asyabahis.org dumanbet.live pinbahiscasino.com www.sekabet.net olabahisgir.com maltcasino.net faffbet-giris.com asyabahisgo1.com dumanbetyenigiris.com pinbahisgo1.com sekabet-giris2.com www.olabahisgo.com maltcasino-giris.com www.faffbet.net www.betforward1.org betforward.mobi www.1xbet-adres.com 1xbet4iran.com www.romabet1.com www.yasbet2.net www.1xirani.com romabet.top www.3btforward1.com 1xbet 1xbet-farsi4.com بهترین سایت شرط بندی بت فوروارد
-2.1 C
Munich
Monday, December 30, 2024

Titanic struggle for Belfast shipyard

Must read

Almería: A year-round destination beyond the beaches

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Prizes, gifts and free parking for Benalmadena

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Spanish beach bars under threat

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Frosty start to winter as Murcia sees record low temperatures

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Titanic struggle for Belfast shipyard
The enormous gantry cranes in the yards of Harland Wolff, shipbuilders, Belfast.


Harland and Wolff, the Belfast-based shipbuilder, lost another £43 million (€50.8 million) last year, its latest financial statement revealed.


This follows on from a £28 million (€33 million) turnover in 2022 and losses of approximately £70 million (€82.7 million).


Trading in Harland and Wolff shares was temporarily suspended after the company failed to publish independently-audited accounts on time, although this would be rectified within days, the company said in early July.


A statement explained that the delay was the outcome of discussions with auditors regarding an appropriate way of accounting for revenues resulting from “complex, multi-year contracts.”


The company, forever linked to the Titanic which left the Harland and Wolff shipyard in 1912, was bought out of administration by London-based energy firm, InfraStrata in 2019.  In 2022 it joined a consortium awarded a contract to build three Royal Navy support ships.


It must now refinance an £80 million (€94.5 million) high interest loan and assume further loans as operations are stepped up.


The shipbuilder hopes to borrow from a consortium of UK banks, but needs the government to act as guarantor, meaning that should the loans not be repaid, the government would be called on to repay the debt.


Sign up for personalised news

Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!


By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Privacy Policy for more information about our privacy practices.


Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share?
Then get in touch at [email protected].


Leave a comment Cancel reply

Your email address will not be published. Required fields are marked *

Comment for robots

Known as the PEOPLE’S PAPER, Euro Weekly News is the leading English language newspaper in Spain. And it’s FREE!

Covering the Costa del Sol, Costa Blanca, Almeria, Axarquia, Mallorca and beyond, EWN supports and inspires the individuals, neighbourhoods, and communities we serve, by delivering news with a social conscience. Whether it’s local news in Spain, UK news or international stories, we are proud to be the voice for the expat communities who now call Spain home.

With around half a million print readers a week and over 1.5 million web views per month, EWN has the biggest readership of any English language newspaper in Spain. The paper prints over 150 news stories a week with many hundreds more on the web – no one else even comes close.

Our publication has won numerous awards over the last 25 years including Best Free Newspaper of the Year (Premios AEEPP), Company of the Year (Costa del Sol Business Awards) and Collaboration with Foreigners honours (Mijas Town Hall). All of this comes at ZERO cost to our readers. All our print and online content always has been and always will be FREE OF CHARGE.


Sign up for personalised news

Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!


By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Close

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Almería: A year-round destination beyond the beaches

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Prizes, gifts and free parking for Benalmadena

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Spanish beach bars under threat

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Frosty start to winter as Murcia sees record low temperatures

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...

Churros con chocolate in Palma

It is often said that knowledge is power, and this is never more accurate than when you establish yourself as a foreign resident...