Finance boss at struggling Liberty Steel claims he was in the dark over company finances By Matt Oliver For The Daily Mail Published: 22:25 BST, 22 June 2021 | Updated: 22:25 BST, 22 June 2021 Liberty Steel’s chief financial officer was unable to answer questions from MPs about the company’s balance sheet A finance boss at … Read more
MPs launch inquiry into crisis at metals magnate Sanjeev Gupta’s steel firm Liberty By Daily Mail City & Finance Reporter Published: 23:14 BST, 27 April 2021 | Updated: 23:35 BST, 27 April 2021 Mps will investigate whether the Government scrutinised Liberty Steel’s finances closely enough MPs have launched an inquiry into the crisis at metals … Read more
Metals magnate Sanjeev Gupta faces a parliamentary inquiry into the crisis at Liberty Steel By Francesca Washtell For The Daily Mail Published: 21:51 BST, 23 April 2021 | Updated: 21:51 BST, 23 April 2021 Metals magnate Sanjeev Gupta faces a parliamentary inquiry into the crisis at Liberty Steel. MPs on the House of Commons business … Read more
Gupta’s Liberty Steel received grants even after Greensill came under investigation Money given after the Treasury launched a probe into Greensill on October 9 The Welsh Government gave Liberty’s Newport plant a £132,000 grant While the Tredegar plant was given £49,000 to save 49 jobs By Helen Cahill For The Mail On Sunday Published: 22:31 BST, … Read more
Belgrave Square is one of the grandest addresses in the world, featuring the lavish, white-stucco London residences of dukes, ambassadors and oligarchs. Today, one of its £42 million, Grade I-listed palaces is undergoing intensive building work. Amid soaring ceilings painted in Baroque frescoes and walls shimmering with gold leaf, chandeliers are being fitted, a luxurious … Read more
Belgrave Square is one of the grandest addresses in the world, featuring the lavish, white-stucco London residences of dukes, ambassadors and oligarchs. Today, one of its £42 million, Grade I-listed palaces is undergoing intensive building work. Amid soaring ceilings painted in Baroque frescoes and walls shimmering with gold leaf, chandeliers are being fitted, a luxurious … Read more
Business Secretary Kwasi Kwarteng says the Government COULD bail out Liberty Steel but insists ministers will need a ‘guarantee that money would stay in the UK and would protect British jobs’ amid concerns over ‘very opaque structure’ of ownership group Ministers rejected an appeal from Liberty Steel for £170m in financial support Business Secretary Kwasi … Read more
Boris Johnson is said to be taking a personal interest in the fate of Liberty Steel, the empire run by Sanjeev Gupta which is on the brink following the collapse of financial backer Greensill Capital. And so he should. The future of Liberty is the first serious test of his ambition to ‘level up’ the … Read more
The Government is preparing to trigger an emergency plan to save 5,000 British jobs in the event of a collapse of Sanjeev Gupta’s steel business. Gupta, founder of Liberty Steel and its vast parent company GFG Alliance, wrote to Government officials on Thursday in a desperate bid to secure a £170million bailout from taxpayers. Troubles … Read more
Ministers looking at all options to save Liberty Steel – and its 3,000 jobs – following Greensill Capital collapse By Francesca Washtell For The Daily Mail Published: 21:50 GMT, 25 March 2021 | Updated: 21:50 GMT, 25 March 2021 The Government is considering ‘all options’ to make sure Liberty Steel does not go bust. The … Read more