Britain says Tata deal with Greybull is a step in right direction | Reuters

LONDON British Business Secretary Sajid Javid said Greybull Capital's decision to buy Tata's Scunthorpe plant was a step in the right direction.

Reuters April 12, 2016 02:30:12 IST
Britain says Tata deal with Greybull is a step in right direction
| Reuters

Britain says Tata deal with Greybull is a step in right direction
 Reuters

LONDON British Business Secretary Sajid Javid said Greybull Capital's decision to buy Tata's Scunthorpe plant was a step in the right direction.

"Today’s announcement is a step in the right direction for the long-term future of British steel manufacturing in Scunthorpe," Javid said in a statement.

"This agreement sends positive signals to any potential investor for the rest of Tata’s UK business," he added.

(Reporting by Guy Faulconbridge; editing by Stephen Addison)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

also read

Market roundup: Sensex ends 476 points up, Nifty closes at 17,519; check top gainers and losers
Business

Market roundup: Sensex ends 476 points up, Nifty closes at 17,519; check top gainers and losers

BSE SmallCap performed in the green with a rise of 241.62 points, rising by 0.86 percent to end at 28,284.07. BSE MidCap also performed positively, recording a hike of 0.65 percent or 162.69 points to end at 25,215.96

Brazil federal police investigating four Argentines over World Cup qualifier chaos
Sports

Brazil federal police investigating four Argentines over World Cup qualifier chaos

The Brazil-Argentina qualifier on Sunday was interrupted after seven minutes when agents of Brazil's health agency, Anvisa, insisted they should take the England-based players to the airport for breaching COVID-19 protocols.

French foreign minister says “crisis of trust” with the US as row over submarine deal deepens
World

French foreign minister says “crisis of trust” with the US as row over submarine deal deepens

European Commission president Ursula von der Leyen has come out in support of France saying “one of our member states has been treated in a way that is not acceptable”