Severfield suffers £7.6m first-half loss amid work slowdown

Steelwork giant Severfield has taken another financial hit after posting a £7.6m pre-tax loss for the first half of the year amid tighter pricing, lower factory volumes and lingering bridge remediation fallout.
Revenue at the steelwork contractor tumbled 18% to £206m as demand across commercial, industrial and data-centre work stayed muted and margins remained under pressure.
Underlying pre-tax profit slumped from £16m in the same period a year ago to just £0.6m as factor