UK struggling to reach state aid agreement with Chinese-owned company 18 months after plea for £500mn support package
Company plans replacement with less carbon-heavy electric arc furnaces
Chinese owner Jingye hopes to secure more money as it prepares to unveil restructuring plans
Plans being drawn up as British Steel announces up to 260 job cuts to confront soaring costs
Business minister says UK government has put forward ‘generous’ £300mn package
Workers told of cuts being considered by owner Jingye despite offer of £300mn government support package
New aid package for British Steel and Tata Steel UK will be tied to green pledges
Cabinet members lobby chancellor to offer £300mn to save the group’s Scunthorpe site
Welsh financial adviser hit with £2.4mn penalty for ‘woeful’ guidance to quit defined benefit schemes
Improvement in annuity rates slashes money needed for compensation linked to British Steel Pension Scheme
Struggling steelmaker remains in talks with UK government over support package of up to £500mn
Company says soaring cost of carbon permits is adding to financial woes
Advocates describe regulator’s proposal as ‘compensation on the cheap’
Increases will add to pressures on construction projects including HS2 rail line
Watchdog plans to look at forcing IFAs to compensate thousands of workers caught up in scandal
Geoffrey Armin ‘disregarded’ information in directing clients to transfer out of scheme
Move follows fierce lobbying over fears of cheap imports but flies in face of new post-Brexit trade regime
Jingye Group tells government it is ready to take on parts of Liberty Steel if industrialist fails to find fresh financing
Industrial group seeking new financing after failure of Greensill Capital, its main lender
Departure comes just over a year after Chinese takeover of UK’s second-largest steelmaker
Decision comes as tensions rise over trade and investments by Chinese groups in Europe
Jingye’s bid for plant at risk due to unease over Chinese presence in European industry
Jingye to keep close contact with Paris as it completes takeover and saves 3,200 jobs
Bids complicate Chinese investor’s efforts to buy out whole of troubled company
Hundreds will lose jobs in £1.2bn turnround plan even as Jingye says 3,000 will be saved
