LONDON (Reuters) - British Steel, Britain's second largest steelmaker, said on Friday it would cut 400 jobs, blaming factors such as the falling pound, which has lost nearly 13 percent of its value since Britain voted to leave the European Union two years ago. The news comes as a blow to steel market bulls betting the sector has put the dark days of a crisis that saw 7,000 jobs or a quarter of the workforce axed between September 2015 and March 2017, well and truly behind it. "We have a robust order book and continue to secure significant contracts with customers, old and new, around the world," Gerald Reichmann, British Steel's chief financial officer, said in a statement. He added, however: "Our external environment is constantly changing. For example, raw materials are all traded in US dollars, so the weakening of the pound and euro have implications for us." The steelmaker, owned by investment firm Greybull Capital, employs around 5,000 people, mostly in Scunthorpe, in the north of … [Read more...] about British Steel blames falling pound as it axes 400 jobs
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HMS Queen Elizabeth: American police documents reveal what happened the night six British sailors were arrested
FLORIDA police documents have revealed what happened the night six ‘drunk’ British sailors from HMS Queen Elizabeth were arrested. Arrest reports, obtained by The News, have named the group of male sailors, who are aged between 19 and 28 years old, and details that led to the arrests of the six sailors from the £3.1bn aircraft carrier in Jacksonville, Florida on Thursday.READ MORE: British sailors arrested on Royal Navy carrier’s first trip overseas to AmericaBoth Ieuan Lemuel Edwards, 21, and Thomas Inigo Reffold, 28, were tasered by police due to resisting arrest.Reffold, from Gosport, was seen ‘yelling and pushing an individual’.The report read: ‘As I approached them, Reffold continued yelling and appeared as though he was about to fight the individual. Reffold was still yelling and had taken up an aggressive stance.’‘After multiple failed attempts to gain compliance from Reffold, Officer S. Young … [Read more...] about HMS Queen Elizabeth: American police documents reveal what happened the night six British sailors were arrested
British Steel announces 400 job losses
News / UK and world by Press Association September 14, 2018, 10:49 am Updated: September 14, 2018, 10:51 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter British Steel is planning to cut 400 jobs in countries including the UK under moves to secure a “sustainable future”, the company has announced. Managerial, professional and administrative roles will be affected, but the firm said no closures were being considered. British Steel employs 4,000 workers in the UK, mainly in Scunthorpe, but also with plants in Teesside and Workington. Unions said the announcement was a “body blow” to workers. British Steel’s executive chairman Roland Junck said: “Following our launch and early growth as a new company, it’s important our business continues to evolve. It’s imperative we enhance our products and services and become more competitive so we can increase our foothold in the market. “We’ve … [Read more...] about British Steel announces 400 job losses
Revealed: Majority 85% of British Jews Believe Jeremy Corbyn Is Anti-Semitic
A crushing majority of UK Jews believe Labour leader Jeremy Corbyn is anti-Semitic and the party he leads fosters a profound hatred of Jews, according to a poll conducted by the Jewish Chronicle. The survey, undertaken by polling company Survation between August 12 and September 4, reveals 85.9 percent of British Jews regard the Labour leader as anti-Semitic, while just 8.3 percent believe he is not.This is a marked increase from a recent Survation poll among the general public, which found 39 percent said Mr. Corbyn was anti-Semitic. By way of comparison, among British Jews, only 1.7 percent believe Prime Minister Theresa May to be anti-Semitic, with 89.9 percent saying she is not. Just 6.1 percent say that Liberal Democrat leader Vince Cable is antisemitic. The poll also showed British Jews held an extremely low opinion of the hard-left Labour Party in general, with a telling 85.6 percent of those polled believing Labour suffered from “very high” levels of … [Read more...] about Revealed: Majority 85% of British Jews Believe Jeremy Corbyn Is Anti-Semitic
HMS Mersey put on standby as scallop wars set to reignite after British fishermen walk out of peace talks with French
THE Scallop Wars could reignite today after British fisherman walked out of peace talks with their French counterparts. Last night HMS Mersey was on standby in the English Channel to protect our fishermen from fresh attacks. Minister George Eustice last night called for calm as tense industry negotiations designed to end the conflict collapsed when French fisherman refused to offer the Brits decent compensation not to fish the waters. Crews clashed last month over laws that allow British boats to gather scallops year-round, but place restrictions on French vessels. Some 35 French boats confronted five British craft off the coast of northern France, with reports of rocks and smoke bombs being hurled at UK vessels. British boats withdrew from the Baie de Seine north of Normandy after the French promised to compensate them for lost earnings. A government source said the offer made by the French had “fallen well short” of what the British firshermen were prepared to accept. … [Read more...] about HMS Mersey put on standby as scallop wars set to reignite after British fishermen walk out of peace talks with French