Member Info for LSE03

Https://m.belfasttelegraph.co.uk/business/northern-ireland/stormont-will-work-with-westminster-to-protect-harland-and-wolff-jobs-conor-murphy/a1152998529.html

Mr Murphy said: “I would hope that we see something positive in terms of announcements coming soon.

"We don’t have any particular insight into that but we do have a strong sense that there is commercial interest, that the Government are committed to growing the shipbuilding business here and with that support, with that declaration of intent, I think we might see some commercial interest there which could protect those jobs and continue to grow the industry.”

Https://www.thetimes.com/uk/scotland/article/holyrood-westminster-protect-harland-wolff-jobs-8v7qq6kbq

Beautiful day for flooding the dock and seeing Villa Vie Residences MV Odyssey in water where she belongs. Congratulations to the owners and the team for the challenges that have been overcome to get to this milestone.

Well done H&W and Villa Vie 👏

Https://www.gov.uk/government/speeches/chief-of-the-defence-staff-speech-at-rusi-land-warfare-conference-2024

Hmmm

The Department for Business and Trade ("DBT") has notified the Company that HM Government will not be proceeding with the Company's application for the EDG facility at this time. The Company has therefore expedited discussions with Riverstone Credit Management LLC ("Riverstone") in order to secure alternative new debt facilities to support the near-term working capital needs of the business following its recent significant revenue growth. These alternative financing arrangements are expected to close within the next few days.

So this should be RNS'd shortly?

Fair observation and H&W staff also involved on day of launching Labour Manifesto. I didn't see Gavin Robinson there but by all accounts he seems to have worked relentlessly on trying to resolve this. Are govt / politicians totally blameless here? I'm not convinced but hey ho. :)

Https://www.newsletter.co.uk/business/harland-and-wolff-scottish-government-in-talks-with-uk-counterparts-over-troubled-shipbuilder-4713374

Https://hansard.parliament.uk/Commons/2024-07-22/debates/A6C75AB9-7926-42EC-839B-AC1C9A0DF5C2/AerospaceIndustryNorthernIreland?highlight=harland#contribution-7C38A250-7707-4497-AEDA-428A38F81244

Aerospace Industry debate did bring in points on H&W to hhd Minister and the historic low level of defence spending allocated to Northern Ireland.

Https://maritime-executive.com/article/hanwha-ocean-sells-shares-to-fund-maritime-defense-growth-in-u-s-eu

https://www.navalnews.com/naval-news/2023/08/hanwha-ocean-to-raise-1-5-billion-usd-to-fuel-strategic-growth-in-maritime-defense-solutions/

https://maritime-executive.com/article/hanwha-ocean-certified-to-compete-for-u-s-navy-maintenance-work

Wouldn't be surprised if Hanwha Ocean expressed an interest. Recently certified to compete for US Navy work, want to have shipyard base in Europe and have raised capital to support expansion plans.

Https://www.theguardian.com/environment/article/2024/jul/23/uk-may-need-new-gas-fired-power-stations-to-decarbonise-grid

Https://m.belfasttelegraph.co.uk/business/northern-ireland/former-harland-and-wolff-bidder-aware-of-concern-of-threat-to-company/a727581687.html

Https://mydup.com/news/robinson-responds-to-ministerial-statement-on-harland-and-wolff

Well said Slomo12. Invested for the right reasons. Right call by gov on Riverstone. Agree with Mary B, chill, nobodies dead.

Https://www.thecourier.co.uk/fp/news/fife/5043373/methil-harland-wolff/

Https://www.theguardian.com/business/article/2024/jul/22/business-secretary-confident-market-led-solution-harland-woolf

"Ring the bells that still can ring, forget your perfect offering, there is a crack, a crack in everything, that's how the light gets in,"'

Hopefully Leonard Cohen and not Nearer my God to thee :)

Navantia are indeed very quiet.

The Business Secretary, Jonathan Reynolds, is due to give a written statement to Parliament later on Monday.

The GMB union, which represents many of the shipyard's workers in Belfast, said staff were concerned about the situation but were hopeful for a resolution.

"There is genuine fear, but certainly on the ground it is business as usual and our members are turning up for work today to carry out their roles," said GMB senior organiser Alan Perry.

"Yes it’s a wee bit rocky at this moment in time, but certainly the feedback that we’re getting is that there will be some sort of package and they will be able to deliver on the contracts in relation to the Royal Navy ships," he told Radio Ulster.

Mr Perry said the union will meet management on Tuesday morning but he added that there were no indications coming directly from the firm that they should be concerned about the shipyard.

"Hence why we are quite positive that the future for many years to come will be secure," he said.

Partial extract

Https://splash247.com/white-knight-emerges-in-race-to-save-harland-wolff/

Today programme R4