Shipbuilder in emergency talks with Wall Street backer Riverstone
Harland & Wolff is in talks with its Wall Street lender about securing an emergency loan to shore up its financial position as the struggling Titanic shipbuilder fights for its survival.
The discussions have become more urgent since it emerged that the UK’s new Labour government is poised to turn down a request from H&W for a £200 million loan guarantee to help it secure fresh funding from a group of commercial banks at a lower interest rate.How many times does Ireland have to be warned about shadow banking?
There is some unhappiness in the new Labour government about what they see as the underperforming H&W management, which is led by Wood.
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