Corus on the mend



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.

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