Check out our round-up of the latest business and finance news

 

Trump’s steel tariffs ‘would seriously undermine’ UK’s ability to compete, trade body warns

The head of policy at UK Steel has warned that the US President’s plan for higher tariffs would cause ‘serious damage to the prospects of many steel producers’

Weinstein Company assets sold to female-led group

A largely-female board of investors has bought, and will be running, the Weinstein Company. The group of investors are paying $500m for the company’s assets which include a $90m victims’ compensation fund.

Comcast challenges Murdoch with £22bn bid for Sky

The media and telecoms company have submitted a bid worth £22bn, undermining Fox’s bid to take complete control of Sky. Fox’s bid for Sky has been held up by regulatory issues since 2016.

Toys R Us and Maplin collapse into administration

Two major high-street retailers went into administration this week, putting over 5,000 jobs at risk. The Chief Executive of Maplin has blamed Brexit and a weak consumer environment.

Insurers urge government to stop ‘over-complicating’ Brexit transition deal

The Association of British Insurers has warned that failure to reach an early agreement will add uncertainty surrounding travel insurance, green cards and the European Health Insurance Card.  

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