Harland & Wolff Halts Share Trading Over Delayed Accounts

The historic shipbuilder faces financial uncertainty as it struggles with accounting issues and awaits a crucial government loan guarantee.

Harland & Wolff suspended trading on the London Stock Exchange due to delays in publishing audited financial statements.
The company is in extensive discussions with auditors over revenue recognition from complex, multi-year contracts.
Unaudited results show a significant increase in revenues but continued losses, with high financing costs exacerbating financial pressure.
The shipbuilder is awaiting a £200m government loan guarantee, essential for securing future contracts and refinancing existing debt.
Concerns have arisen about the impact on a major £1.6bn Royal Navy contract if financial stability is not achieved.