Sunday newspaper round-up: Steelmaking, DHL, HSBC
By Alexander Bueso
Date: Sunday 20 Apr 2025
(Sharecast News) - Ministers may do away with the controversial climate change levies in order to help resuscitate British steelmaking. That follows the UK government's recent decision to take over control of the country's blast furnaces at Scunthorpe. Demand for steel will soar as Britain rearms and looks to become more self-sufficient so as to avoid tariffs. - The Financial Mail on Sunday
German logistics titan DHL has decided to suspend deliveries to the US, starting from Monday, on account of the changes to the documentation required of imports by American officials. Business-to-consumer shipments to the US with a value greater than $800 (£600) would therefore be temporarily halted. - The Sunday Times
The loss-making chemicals company owned by Sir Jim Ratcliffe, Ineos Quattro, may see its financial recovery delayed due to the trade tariffs imposed by the US president. That is according to analysts at ratings agency Moody's. The company's latest full-year results revealed that losses more than doubled to reach €819m (£702m) at the end of 2024. In parallel, its "substantial indebtedness" increased by nearly half a billion euros to €7.7bn. - Guardian
A leading MP has called on the Foreign Secretary David Lammy to meet with the British nationals who are owed millions in pension savings by HSBC following an expose published by The Mail on Sunday. Blair McDougall, a member of the Foreign Affairs Select Committee, said that Lammy must "discuss how the UK Government could take further steps to address" the freezing of those savings by the lender. - Financial Mail on Sunday
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