Shipbuilder Harland & Wolff, known for building the Titanic, suspends work on 2023 accounts amidst financial challenges and appoints Rothschild & Co as financial adviser.

Shipbuilder Harland & Wolff, known for building the Titanic, has suspended its work on unpublished 2023 accounts amidst financial challenges. The company's shares remain suspended on London's Alternative Investment Market (AIM), and it has appointed Rothschild & Co as its financial adviser to explore options for preserving its core operations. Harland & Wolff has been struggling with intense competition from Asian and other shipbuilders and is currently reliant on support from existing lender Riverstone.

August 12, 2024
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