Regulation

Creating value in the global steel industry

UK Steel Mill Factory Foundry - image courtesy of Pixabay.
Recent forecasts (Hatch Consulting Group) estimate that global demand for steel could grow by a third – nearly 500m tons – by 2030, mainly driven by construction, infrastructure, automotive, energy and capital goods. So why do we hear so much negative news about this vital industry, and how can it return to profitability?

Bribery: no + $ = yes

Bribery Stock Image
Posted on 21 Mar 2017 by Nick Peters
It is a formula as old as business itself – the bribe, the backhander that greases the wheels of commerce. Rolls-Royce has recently learned to its great cost, however, that nowadays it is also a ticket to massive fines and reputational damage.

Rolls-Royce agrees £671m bribery settlement

The Rolls-Royce Trent-xWB engine. Rolls-Royce has recently been embroiled in bribery claim brought by the Serious Fraud Office relating to bribery and corruption involving intermediaries in a number of overseas markets - image courtesy of Rolls-Royce.
Posted on 18 Jan 2017 by Fred Tongue
Rolls-Royce has agreed to pay £671m as a result of bribery and corruption claims in Brazil, the US and UK. The figure is thought to be the largest ever levy imposed and the largest enforcement action relating to any criminal allegation in the UK.