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Royal Navy shipbuilder in limbo owing to cash shortage at Liberty Steel plant

about 2 hours ago
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A shipbuilder for the Royal Navy faces an uncertain wait for the steel to build three warships because of a shortage of cash at the Scottish steel mill that has won the contract.Liberty Steel Dalzell in Scotland has been unable to start production in earnest because there is “no cashflow to buy slab”, despite an order to supply 34,000 tonnes of metal plates to build fleet solid support (FSS) ships for the navy, according to two sources with knowledge of the situation.Sir David Murray, a Scottish metals magnate, said the UK government should step in, as it has done with other steelworks, to pressure Liberty Steel to pass over control of the plant.He has previously told the government he would be willing to step in and run the business.The cash shortage at Liberty is a sign of the continued financial troubles facing companies owned by the under-pressure metals tycoon Sanjeev Gupta.

Gupta has lost of control of several parts of his GFG Alliance empire since the 2021 collapse of his key lender, Greensill Capital.Gupta in August lost control over Speciality Steel UK in South Yorkshire because it was “hopelessly insolvent”.The Dalzell mill has not filed accounts for five years, and Gupta is facing prosecution over failure to file accounts, as well as a long-running fraud investigation by the Serious Fraud Office.The 216-metre FSS ships, designed to carry munitions, food and other supplies for the navy’s Royal Fleet Auxiliary, are due to be built in Belfast by the Spanish state-owned shipbuilder Navantia.The first ship, RFA Resurgent, is expected to be delivered in 2031.

The FSS ship orders were meant to secure employment in the UK, and to rely as much as possible on UK suppliers.Navantia took over the Harland & Wolff site in Belfast last year, after its British owner collapsed.The cash shortage at Liberty Steel has left it unable to buy the slabs of steel it needs from British Steel, although workers have continued to be paid 80% of their salaries.Small trial runs in November were only able to process about 1,000 tonnes – or about three days of output – sources said.Liberty has hopes of restarting production in the coming weeks, but some industry figures have expressed scepticism over its plans.

Murray, a former owner of Rangers football club in Glasgow, said he wanted to take over the running of the plant, and that it could be profitable within two years with the injection of enough cash to pay for raw materials and working capital with an investment of £50m.Murray tried to buy the plant in 2015 before it was sold to Gupta in a deal brokered by the Scottish government.The government chose Gupta and lent him £7m in part because he also promised to turn around the Alvance aluminium smelter in Fort William in the Scottish Highlands, and to open an aluminium car wheel factory.Alvance was loss-making in the year to March 2021.It has failed to file accounts since then, although social media accounts suggest it is still operating as normal.

The wheel factory was never opened, and the £7m loan is still outstanding.The other leading creditor is thought to be an energy company also owned by Gupta.Murray said: “It’s a terrible error of judgment to remain idle when the British economy should have the capability of rolling wide steel which could be supplied to customers like Harland & Wolff and BAE Systems with new naval contracts 17 miles from the mill.We cannot going forward rely on importing everything.We don’t know what’s coming round the corner.

”Liberty Steel approached Murray two years ago trying to sell the Dalzell plant as a going concern,However, Murray refused the offer because he believed it should instead be sold via a “pre-pack administration”, in which a sale is lined up in advance of entering the insolvency process,A production restart at Dalzell would provide a welcome large customer for British Steel’s slabs from Scunthorpe plant,The Westminster government took control of the plant from its Chinese owners, Jingye Steel, in April, but has so far spent £274m propping up the lossmaking operation,A Liberty Steel spokesperson said the plant “is fulfilling” the Navantia order and said trial production runs “are expected to shortly resume”.

The spokesperson said: “With the positive momentum from this significant contract Liberty aims to attract more business through a pipeline of select projects,“While sales conditions for merchant plate have been challenging due to competition from cut-price imports, recent UK trade actions coupled with beneficial UK/US tariffs will enable Dalzell to ramp up production of its high-quality plate and continue to support UK industrial policy and jobs,”Navantia UK declined to comment,
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Benjamina Ebuehi’s recipe for Viennese fingers | The sweet spot

If I were to rank my top biscuits of all time, Viennese fingers would sit firmly in my top three. There’s not too much going on: just a good, buttery crumb, melt-in-the-mouth texture and chocolate-dipped ends, which are a must. While they’re pretty straightforward to make, issues often arise when it’s time to pipe the dough, and it can be tricky to strike a balance between a consistency that has enough butter but still holds its shape once baked. I find that the addition of a little milk helps make it more pipeable, as does using a large, open-star nozzle to avoid cramped hands and burst piping bags.Prep 5 min Chill 15 min Cook 40 min Makes 10130g very soft salted butter 50g icing sugar ½ tsp vanilla extract 170g plain flour 2 tsp custard powder 1 tsp milk 70g milk chocolateHeat the oven to 180C (160C fan)/350F/gas 4, and line a large baking tray with greaseproof paper

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Not keen on feeble nolo wine? Try these instead

Are you a lover of oaky rioja, or maybe zingy Kiwi sauvignon blanc, and looking to find a non-alcoholic lookalike? To put it bluntly, I’m afraid you’re out of luck. Alcohol does much more than make you tipsy; it is the magic ingredient that gives so much of wine’s wondrous complexity, character and charm. Not only does it carry volatile compounds that make up wine’s endlessly fascinating combinations of scents and tastes, along with a sensation of warmth, it also creates that viscous body and texture – what’s rather grossly known in the trade as “mouthfeel” – of the liquid in your mouth, and the overall balance of all these factors in the wine.The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link

3 days ago
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Doing dry January? Use languishing bottles of wine to make the ultimate comfort food

Whether you’re abstaining or just cutting back, a glass of red, white or rosé can elevate everything from risottos and stews to pasta and puddings Sign up here for our weekly food newsletter, FeastHands up, who is dry Januarying? While it’s not something I do explicitly, I do like to cut back a bit at the beginning of the year. The marathon that is Christmas socialising can be fun but relentless, and I imagine there are many others in the same boat. When it comes to wine, at least, the problem with cutting back is what to do with the rest of the bottle. Sure, I’ll have a glass or two if I fancy it one evening, but it’s pretty much a wasted bottle if you don’t finish the rest within a few days. Fear not – I have a plethora of recipes that will ensure you never need to waste a drop – enjoy a glass or two, then use the rest in the dish of your choice

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Mark Hix’s recipe for baked scallops with a herb crust

Sustainable fresh scallops are best treated simply, and this herby, garlicky breadcrumb topping ticks all the right boxesAs a kid growing up in West Bay, Dorset, I used to sit on the harbour wall and watch the small trawlers coming in with their catch. My friend Mark’s dad’s boat, along with all the others, would be stacked high with sacks of queenies that they’d dredged up only hours before, and Mark’s mum would pack us off to school with a tub each of queen scallop meat doused in Sarson’s vinegar and white pepper, to eat later as a playground snack. At the time, I thought nothing of it, but, looking back now, I realise quite what a luxurious schoolday treat this was.These days, however, our local scallop fishermen don’t fish for queenies much any more, because the time it takes to shuck and clean them is more or less the same as that for larger king scallops, so they’re no longer financially viable; also, instead of all those trawlers that Lyme Bay had in the past, it’s now mostly divers who fish more sustainably for king scallops, without demolishing the sea bed in the process. There are two main dive boats that fish out of Lyme Regis nowadays, operated by Jon Shuker and Ali Day, and they’ve pretty much cornered the local market

3 days ago
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How to turn any root vegetables into latkes – recipe | Waste not

It’s not just potatoes that you can turn into these moreish fried cakes – just about any root veg will do the trickCrisp, savoury and satiating latkes are my idea of the perfect brunch and, rather than sticking to potatoes, I often make them with a mixture of root vegetables, using up whatever I have to hand – just 25-50g of any vegetable will make a latke – and adding some ground linseeds or flax, which gives breakfast some nutrition-boosting omega-3s. I usually have them with a poached egg for protein or apple compote and soya yoghurt.This is a great way to use up any tired root vegetables lurking in the crisper drawer, and a recipe I come back to again and again. Latkes are a traditional Jewish potato cake that work really well made with other root vegetables as well. If I have a few different coloured vegetables, I will grate and mix the vegetables separately to make multicoloured latkes, but it’s much simpler to mix them all together

4 days ago
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Eleven quick and easy summer weekday dinners, from pasta to Maggi goreng – recipes

(Pictured above)Rukmini Iyer’s recipe contains a microwave method for cooking rice, but I’ve successfully made basmati in a rice cooker countless times – just pop the whole garlic clove in with the rice grains. After that, it’s only a matter of stir-frying the cashews, broccoli and tofu. If you need more convincing, Iyer says this recipe was “an absolute hit with my children”. My own children happily mainline tofu and rice, and can be persuaded to have broccoli if I tell them they’re actually eating mini Christmas trees, so I believe her.There are many ways to level up your instant noodles, and this recipe follows a familiar formula: add greens for health and a fried egg for protein

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Emma Raducanu says late-night opener ‘makes no sense’ in swipe at Australia Open

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Alcaraz chases history at Australian Open despite split while women’s draw is open

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How hard can it be to run 13 miles? With help from the pub, park and peas I am finding out | Barry Glendenning

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Kyren Wilson wards off Robertson fightback to reach Masters semis in decider

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