Tata Steel Ltd (TISC.NS) has hired a team of Standard Chartered Plc (STAN.L) bankers to help sell its loss-making UK business amid Britain’s attempt to prevent the closure of one of it’s biggest manufacturing operations, a source familiar with the matter said. The steel business was put up for sale on March 30, but has failed to attract the attention …

David Cameron says the government is “doing everything it can” to save thousands of steel jobs – but warned there were “no guarantees of success”. Speaking after chairing crisis talks on Tata Steel’s decision to sell its UK business, the PM said nationalisation was not the answer but the government was “not ruling anything out”. Ministers are under pressure to …

India’s Tata Steel is seeking to sell Britain’s biggest steelmaking business, putting thousands of jobs at risk in an industry that once dominated Britain but has been brought low by falling prices, high costs and Chinese competition. After a marathon board meeting in Mumbai, Tata said it would draw a line under its almost decade-long foray into Britain’s steel industry, …