|
British Steel (2016–present)
British Steel Limited is a long steel products business owned by Chinese company Jingye Group. It was founded in 2016 with assets acquired from Tata Steel Europe by Greybull Capital, before being acquired by Jingye Group in 2020. The primary steel production site is Scunthorpe Steelworks, with rolling facilities at Skinningrove Steelworks, Teesside. History During the 2010s, a combination of reduced demand for steel in Europe after the 2008 financial crisis and Great Recession and high company indebtedness led to the Tata Group beginning a sales process for the long products division of Tata Steel Europe to the Klesch Group. In 2014 the long products division employed approximately 6,500 workers and was operating with 2.8 million tonne p.a. capacity. The division included primary production at Scunthorpe steelworks, mills in Teesside (Teesside beam mill, Skinningrove and Darlington special profiles), France (Hayange rail mill) and Scotland (Dalzell and Clydebridge Steelw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scunthorpe
Scunthorpe () is an industrial town in Lincolnshire, England, and the county's third most populous settlement after Lincoln, England, Lincoln and Grimsby, with a population of 81,286 in 2021. It is the administrative centre and largest settlement of the North Lincolnshire district. Scunthorpe lies north of Lincoln and is between Grimsby to the east and Doncaster to the west, while Kingston upon Hull, Hull is to the north-east via the Humber Bridge. Etymology The town appears in the Domesday Book of 1086 as , which is from the Old Norse language, Old Norse meaning "Skuma's homestead", a site which is believed to be in the town centre, close to Market Hill. Today Skuma’s homestead means ‘A secondary settlement, a dependent outlying farmstead or hamlet’. History Scunthorpe as a town came into existence due to the exploitation of the local ironstone which began in 1859; iron production commenced in 1864, Scunthorpe Steelworks, steel smelting in 1891. Scunthorpe's populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Immingham Bulk Terminal
The Port of Immingham, also known as Immingham Dock, is a major port on the east coast of England, located on the south bank of the Humber Estuary in the town of Immingham, Lincolnshire. In 2019, the Port of Grimsby & Immingham was the largest port in the United Kingdom by tonnage with 54.1 million tonnes of cargo passing through that year. The port was established by the Humber Commercial Railway and Dock Company in association with the Great Central Railway; the dock company incorporated and the works permitted by the Humber Commercial Railway and Dock Act 1901 ( 1 Edw. 7. c. ccii). Construction of the dock started in 1906 and was completed by 1912. The original main purpose of the dock was export of coal. In the second half of the 20th century the port was considerably expanded beyond its locked dock, and east and west jetties; with the addition of several deep water jetties for bulk cargos: this included the Immingham Oil Terminal (1969, expanded 1994) for oil importation to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blast Furnace
A blast furnace is a type of metallurgical furnace used for smelting to produce industrial metals, generally pig iron, but also others such as lead or copper. ''Blast'' refers to the combustion air being supplied above atmospheric pressure. In a blast furnace, fuel ( coke), ores, and flux (limestone) are continuously supplied through the top of the furnace, while a hot blast of (sometimes oxygen enriched) air is blown into the lower section of the furnace through a series of pipes called tuyeres, so that the chemical reactions take place throughout the furnace as the material falls downward. The end products are usually molten metal and slag phases tapped from the bottom, and flue gases exiting from the top. The downward flow of the ore along with the flux in contact with an upflow of hot, carbon monoxide-rich combustion gases is a countercurrent exchange and chemical reaction process. In contrast, air furnaces (such as reverberatory furnaces) are naturally aspirated, usu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jonathan Reynolds
Jonathan Neil Reynolds (born 28 August 1980) is a British politician who has served as Secretary of State for Business and Trade and President of the Board of Trade since July 2024. A member of the Labour and Co-operative parties, he has been the Member of Parliament (MP) for Stalybridge and Hyde since 2010. Reynolds served as Parliamentary Private Secretary to the Leader of the Opposition and a Shadow Energy and Climate Change Minister from 2013 to 2015. He was a Shadow Transport Minister from 2015 to 2016 and a Shadow Treasury Minister from 2016 until 2020. He was Shadow Secretary of State for Work and Pensions from 2020 to 2021, and has been a front bench representative on the Labour National Executive Committee since 2020. Early life and career Jonathan Reynolds was born on 28 August 1980 in Houghton-le-Spring in County Durham to Keith and Judith Reynolds. He was educated at Houghton Kepier Comprehensive School and Sunderland City College. He moved to Manchester ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of State For Business And Trade
The secretary of state for business and trade (business secretary), is a Secretary of State (United Kingdom), secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business and Trade. The incumbent is a member of the Cabinet of the United Kingdom. The incumbent business secretary is Jonathan Reynolds who was appointed by Keir Starmer on 5 July 2024. The Secretary of State is shadowed by the Shadow Secretary of State for Business and Trade, currently Andrew Griffith since 2024. Responsibilities Corresponding to what is generally known as a Commerce Minister, commerce minister in many other countries, the business secretary's remit includes: * Relations with domestic and international business * Policy relating to deregulation * Policy relating to international trade and trade agreements * Import and export policy History During the government of Alec Douglas-Home, Sir Alec Douglas-Home, the then president of the Board of Tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Fund
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides pension, retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 Trillion (short scale), trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. Classifications Open vs. closed pension fund ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oyak
Ordu Yardımlaşma Kurumu (OYAK) (English language, English: ''Military Solidarity Institution''), is a Turkish Charity (practice), charity and Turkish Armed Forces, military pension fund with around 470,000 members. The OYAK Holding Investment Subsidiary Group is one of the largest industrial groups in Turkey. The group was the former owner of ING Oyak Bank, sold to ING Bank in 2007, and the Oypa supermarket chain. In 2012, it was rated BB+/stable by Standard & Poor's. The group co-owns car manufacturer Oyak-Renault and steel producer Erdemir. OYAK Group of Companies added Sagra to its structure in April 2021. OYAK is on the global coal exit list published by Urgewald because it owns İsken Sugözü power station. OYAK is a private entity that is subject to Turkish civic and commercial law. OYAK, also offers services such as consumer loans, housing loans, pension system, stock market investment support to its members. OYAK provides members with supplementary retirement benefits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indemnity
In contract law, an indemnity is a contractual obligation of one party (the ''indemnitor'') to compensate the loss incurred by another party (the ''indemnitee'') due to the relevant acts of the indemnitor or any other party. The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a "guarantee" is an obligation of one party (the ''guarantor'') to another party to perform the promise of a relevant other party if that other party defaults. Indemnities form the basis of many insurance contracts; for example, a car owner may purchase different kinds of insurance as an indemnity for various kinds of loss arising from operation of the car, such as damage to the car itself, or medical expenses following an accident. In an agency context, a principal may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship. While the events giving ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax system, taxation, Infrastructure, state infrastructure, and economic growth. It is led by the Chancellor of the Exchequer, chancellor of the exchequer, currently Rachel Reeves since 5 July 2024. The Treasury's main offices are located in London and Darlington, with additional offices in Edinburgh and Norwich. It is one of the smallest government departments in terms of staff numbers, but widely considered the most powerful. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was sto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Theresa May
Theresa Mary May, Baroness May of Maidenhead (; ; born 1 October 1956), is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2016 to 2019. She previously served as Home Secretary from 2010 to 2016. She was Member of Parliament (MP) for Maidenhead from 1997 to 2024, and has been a member of the House of Lords since August 2024. May was the second female British prime minister, after Margaret Thatcher, and the first woman to have held two of the Great Offices of State. May is a one-nation conservative. May grew up in Oxfordshire and attended St Hugh's College, Oxford. After graduating in 1977, she worked at the Bank of England and the Association for Payment Clearing Services. She also served as a councillor on Merton London Borough Council. After two unsuccessful attempts to be elected to the House of Commons, she was elected MP for Maidenhead at the 1997 general election. From 1999 to 2010, May held several ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernst & Young
EY, previously known as Ernst & Young, is a multinational corporation, multinational professional services partnership, network based in London, United Kingdom. Along with Deloitte, KPMG and PwC, it is one of the Big Four accounting firms, Big Four accounting firms. The EY network is composed of member firms of Ernst & Young Global Limited, a UK company Company limited by guarantee, limited by guarantee. EY is one of the largest professional services networks in the world. It primarily provides assurance services, assurance, tax, Information technology, information technology services (including managed services in areas like Cybersecurity, Cloud computing, Cloud, Digital transformation, Digital Transformation and Artificial intelligence, AI), management consulting, consulting, and Corporate services, advisory services to its clients. Ernst & Young Global Limited operates as a network of member firms which are structured as separate legal entities in a partnership, which has 395 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Times
''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821), are published by Times Media, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'' were founded independently and have had common ownership only since 1966. It is considered a newspaper of record in the UK. ''The Times'' was the first newspaper to bear that name, inspiring numerous other papers around the world. In countries where these other titles are popular, the newspaper is often referred to as or , although the newspaper is of national scope and distribution. ''The Times'' had an average daily circulation of 365,880 in March 2020; in the same period, ''The Sunday Times'' had an average weekly circulation of 647,622. The two ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
