New Severfield boss shuts modular arm

Britain’s biggest steelwork contractor Severfield has shut down its modular arm after a strategic review by its new chief executive concluded the business was sub-scale and non-core.
The steelwork giant said its Modular Solutions division based in Sherburn would be discontinued following a board-level assessment of markets, operations and group structure.
Chief executive Paul McNerney said the closure was an early step in reshaping the group’s strategy, with a broader update on growt