The Times torpedo against preferred bidder for Falklands FIPASS16th Thursday, May 2024 - 21:46 UTC Full articleThe Times reported that UK Chancellor Jeremy Hunt was expected to block financial support for the Harland & Wolff shipbuilding company in BelfastOn Wednesday, Harland & Wolff Group Holdings PLC, the preferred bidder status for the Falkland Islands Port Replacement Project, moved to reassure investors as it responded to what it considers to be a “misleading and inaccurate article published in The Times”, as reported by Alliance News. Following on the article, shares in Harland & Wolff fell 15% to 10.02 pence in London on Wednesday. Our EDG application has not been rejected and continues to be work in progress. Harland & Wolff said it has been working through its five-year plan, which has seen four shipyards and fabrication facilities rebuilt or refurbished, a pipeline of contracted work secured and increasing amounts of work delivered. On Wednesday, The Times reported that Chancellor Jeremy Hunt is expected to block a financial support package designed to keep the Harland & Wolff shipbuilding company in Belfast afloat.

Source: The Times May 16, 2024 22:03 UTC