Shipbuilder Harland & Wolff has suspended trading in its shares on the London Stock Exchange after the firm failed to publish its annual results on time.
Harland & Wolff said: “Given the multi-year and complex nature of some of the contracts under which the company is working, the company has been in extensive discussions with its auditors to agree the method of accounting for revenues throughout the duration of a build programme.” A report in The Times newspaper in May suggested Chancellor Jeremy Hunt was expected to block a key support package application by the firm, amid an “intense Government row”.
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Source: TheRegister - 🏆 67. / 61 Read more »