Titanic shipbuilder Harland & Wolff collapses into administration

Belfast-based company appoints administrators though shipyard subsidiaries still tradingHarland & Wolff, the Belfast-based shipbuilder that produced the Titanic, has collapsed into administration.The company has appointed administrators from Teneo to oversee the process after failing to find new funding to stay afloat. So far only the parent company, Harland & Wolff Group Holdings plc, is in administration, and its shipyard subsidiaries are continuing to trade. Continue reading...