Shipmaker Harland & Wolff prepares to enter administration

Blow to UK shipbuilding hopes as Harland & Wolff declares itself insolvent

The company said on Monday that it was insolvent and would appoint administrators from Teneo this week.

Harland & Wolff, the owner of the Belfast shipyard that built the Titanic, will enter into administration this week after failing to find new funding, in a blow to UK government hopes of shipbuilding in the city.

The company said on Monday that it was insolvent and would appoint administrators from Teneo this week.