Mark Burton

3 weeks ago | news.bloomberglaw.com | Charlie Capel |Mark Burton

Cobalt Holdings Plc has decided not to proceed with its planned initial public offering in London. The company made the announcement in a statement Wednesday afternoon. The offering had aimed to raise about $230 million to make an initial purchase of cobalt from mining giant Glencore Plc, and to pay for storage costs. Cobalt Holdings was set up by entrepreneur Jake Greenberg to give investors exposure to cobalt, a key ingredient in battery manufacturing.

3 weeks ago | news.bloombergtax.com | Alex Wickham |Mark Burton

The UK is pushing the US to remove tariffs on British steel exports in line with a deal struck last month, ahead of a planned blanket doubling of levies. Business Secretary Jonathan Reynolds met US Trade Representative Jamieson Greer late Tuesday in Paris amid efforts to rescue the deal to remove metals tariffs on US imports from Britain that was struck last month but now is in danger of failing to be implemented ahead of a doubling of levies to 50% scheduled for Wednesday.

3 weeks ago | news.bloombergtax.com | Alex Wickham |Mark Burton

The UK is pushing the US to remove tariffs on British steel exports in line with a deal struck last month, ahead of a planned blanket doubling of levies. Business Secretary Jonathan Reynolds will meet US Trade Representative Jamieson Greer late on Tuesday in Paris in an attempt to rescue the deal to remove metals tariffs on US imports from Britain that was struck last month but now is in danger of failing to be implemented ahead of a doubling of levies to 50% scheduled for Wednesday.