By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan, China business firms sign $4.2 billion MoUs
    September 4, 2025
    Billions are lost due to top bosses’ massive abuse of the SOEs Act 2023.
    September 2, 2025
    Second phase of CPEC launched with new agricultural and industrial agreements
    October 7, 2024
    The Rupee depreciates 13 paise in interbank trade against the US dollar.
    October 7, 2024
    Reluctant bidders to keep on PIA employees
    October 7, 2024
  • Politics
    PoliticsShow More
    Bilawal asserts that CM Maryam’s efforts need to be acknowledged.
    September 5, 2025
    Saad Rafique condemns ‘egg attack’ on Aleema Khan
    September 5, 2025
    Bilawal asks PM to waive bills for farmers in disaster-hit districts
    September 5, 2025
    Trump’s 200th executive order: US defence secretary to be rebranded
    September 5, 2025
    Bilawal calls for agricultural emergency as floods hit farmers
    September 5, 2025
  • Technology
    TechnologyShow More
    Apple expected to release iPhone 17 lineup on September 9
    September 5, 2025
    Balochistan suspends mobile internet on Sept 5–6 over security concerns
    September 5, 2025
    European nuclear research delegation visits Pakistan: FO
    September 2, 2025
    The government warned: “Without a data strategy, the UK risks losing its leadership in AI.”
    October 7, 2024
    A 10-year-old youngster may be seen on camera traversing a ‘busy’ school playground in a stolen automobile.
    October 7, 2024
  • Sports
    SportsShow More
    Former NZ captain Ross Taylor to play for Samoa in shock comeback
    September 5, 2025
    Full squads revealed for ACC Men’s Asia Cup 2025
    September 5, 2025
    Asia Cup 2025: Players to watch out for
    September 5, 2025
    T20I tri-series: Afghanistan post 171-run target for UAE
    September 5, 2025
    Pakistan defeats the UAE by 31 runs in the T20 Tri-series 2025, with Fakhar and Abrar shining.
    September 4, 2025
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: The owner of the Titanic shipyard, Babcock, is on the verge of collapse.
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Business > The owner of the Titanic shipyard, Babcock, is on the verge of collapse.
Business

The owner of the Titanic shipyard, Babcock, is on the verge of collapse.

The defense contractor Babcock International, a London-listed company, is considering making a bid for a portion of the assets of the nearly bankrupt shipbuilder Harland & Wolff.

Last updated: 2024/09/16 at 8:55 AM
Published September 16, 2024
Share
1 Min Read
SHARE

According to news reports, Babcock, whose market worth is estimated to be £2.4 billion, has shown interest in the Belfast shipyard owned by Harland and Wolff, which is best known for building the Titanic.
Reports that Harland and Wolff may go into administration as early as next week coincide with the news of its interest.

The corporation has been facing significant challenges due to its large debt load, and it suffered a severe hit shortly after the general election when the government opted not to guarantee a £200 million loan for the company.

This past weekend, it was unclear how deep or serious Babcock’s interest in Harland was.

Sources in the military industry understand that a number of other trade and financial bidders have expressed interest in participating in the auction.

The deadline for proposals is later this month, according to bankers at Rothschild, who are conducting a selling process to determine interest in the business and its assets.

One of the competing bids is probably the Spanish shipbuilder Navantia, which has a joint contract with Harland & Wolff.

It is said that Teneo was placed on standby to serve as an administrator.

You Might Also Like

Pakistan, China business firms sign $4.2 billion MoUs

Billions are lost due to top bosses’ massive abuse of the SOEs Act 2023.

Second phase of CPEC launched with new agricultural and industrial agreements

The Rupee depreciates 13 paise in interbank trade against the US dollar.

Reluctant bidders to keep on PIA employees

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin September 16, 2024 September 16, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article This week, £1.2 billion home builder Cala will select a new residence for Legal & General.
Next Article Increased council tax on second houses causes a spike in sell-offs and a range of emotions.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Hamas releases video of two Israeli hostages held in Gaza
War September 5, 2025
Apple expected to release iPhone 17 lineup on September 9
Technology September 5, 2025
The United States claims that two Venezuelan military planes near a Navy ship in international waters
Defence United States September 5, 2025
Strong aftershocks hit Afghanistan after earthquakes kill 2,200
News September 5, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?