Corus on the mend

News

news-2-gif

Bonds in Anglo-Dutch firm Corus Group rose last month after a €307 million equity issue that will help finance its British restructuring programme, but analysts still have question marks over the future of the company.

Europe’s third-largest steel maker has been plagued by losses due to cheap imports and a global economic slowdown. Corus expects its £250 million UK restructuring, which includes job cuts and plant closures, to boost annual profits by up to £120 million by the end of 2006.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: