Shares of United States aluminum company Arconic tumbled Monday after it announced it would no longer sell cladding for high-rise buildings following the deadly Grenfell Tower fire in London this month.
The company's shares fell as much as 11 percent Monday and closed down 6 percent at $24.01 in NY following weekend news reports that Arconic sold the panels installed on Grenfell Tower knowing they would be used on a high-rise building.
The list of high-rise apartment towers in Britain that have failed fire-safety tests grew to 60, officials said Sunday, revealing the mounting challenge the government faces in the aftermath of London's Grenfell Tower tragedy.
The blaze at Grenfell Tower spread within half an hour and killed at least 79 people, and Mr Javid said the death toll was expected to increase.
For the cash-strapped local councils that manage the public housing buildings - and for the tens of thousands of residents who live in them - the dismal test results have brought an agonizing choice: evacuate without a plan for where people should go next, or allow them to stay and risk another Grenfell.
Arconic Inc said its Reynobond PE panels were being withdrawn over "inconsistencies in building codes around the world". "The issue is they supplied material that was used above their own marketing material's suggested limit", said Seaport Global Securities analyst Josh Sullivan.
The move comes after all 75 buildings in 26 local authorities tested so far across the country failed safety checks.
"We couldn't pack anything because we didn't know where we are going, but hopefully we will get back", she said as she stood outside Swiss Cottage Library, one of the emergency shelters in the shadow of the blocks.
Javid told MPs he was concerned that landlords were not submitting samples for testing fast enough and urged them to send them quicker.
"The government is fundamentally flawed in its use of the BRE to conduct overly simplistic and limited fire test samples and not the complete cladding assembly", said Stephen Mackenzie, a fire risk consultant.
Fire safety experts said the fire at Grenfell Tower was a tragedy that could have been avoided, if warnings had been heeded.
It has also emerged that in Camden, where four blocks were evacuated, more than 1,000 fire doors were missing.
Councillor Debra Coupar, the council's cabinet spokeswoman for communities, said that as none of Leeds's council blocks have the same cladding as Grenfell, the Government does not require the city to take any further action.
It is understood the combustibility test, which no building has yet passed, grades the sample on a fire-resistance scale of one to three, with those in two and three being considered a fail.
Bowen , where a man was found guilty of encouraging a fellow inmate to hang himself ahead of his execution. During his verdict delivery Friday morning, Judge Lawrence Moniz mentioned the 1816 case of Commonwealth v.
Could Matic and Pogba be teammates next season? Chelsea have agreed a fee of £35.2million with Monaco for Tiemoue Bakayoko . Matic is now in his second spell at Chelsea , having rejoined the West London club from Benfica in the 2014.
Ronaldo was accused of tax evasion by Spanish authorities recently, which is also said to have added to his unhappiness at Real. Portugal coach Fernando Santos backed his player when queried over Ronaldo refusing to take questions on his club future.
Trump said getting approval would require travelling a "very, very narrow path" but that "I think we're going to get there". Another thing the Senate credits do is that they go down to more poor people, but the credits themselves will be smaller.
The second set was barely underway at 1-0 before Safarova conceded the match with her leg causing her too many problems. In the second set though Barty's range of shots and her ability to slice and dice undid the Spaniard quite effectively.
He'd projected the entire quote onto a large screen: "Your friends, I have three friends for you to make you relax", it read. Constand, under the influence of the drugs and who briefly lost consciousness, could not and did not give consent, he said.
Following this year's Oscars Best Picture debacle, Jones said she's steeling herself for possible mistakes she might make onstage. Presenters include Jamie Foxx , Queen Latifah , Trevor Noah , Jada Pinkett Smith , Issa Rae and Yara Shahidi.
Israel's government said the fire was a result of fighting in Syria and not intentionally aimed at Israeli soldiers or civilians. Israel annexed the Golan area following the Six-Day War in 1967, but the move was never recognized by the global community.
Main striker Chelsea Diego Costa before the closure of the summer transfer window may leave the club. Atletico are reluctant to pay more than £20m for a striker who was Chelsea's top-scorer last season.
At impasse, Cosby jury goes back to work on verdict
If he is convicted on even one count, he faces spending the rest of his life in prison. "(The definition)", came the jury request. Speaking directly to Cosby, the judge put the 79-year-old comedian under oath and asked if he supported a mistrial motion.
Google doodle celebrates the tournament with interactive game
India is yet again in the race of the World Cup, again at England and our women cricketers are looking more determined than ever. They will play against Australia on 5th July, New Zealand on 8th July, West Indies on 11th July and Sri Lanka on 15th July.
Ronaldo summoned to court, Mourinho accused of tax fraud
Last week, Ronaldo was accused by a state prosecutor of four counts of tax fraud totaling 14.7 million euros ($16.5 million). Barcelona defender Javier Mascherano also agreed a one-year suspended sentence with authorities for tax fraud last year.
Smoke on the Water: Images of Castaic Lake Wildfire
The ranks of firefighting personnel grew to more than 450 and on Sunday morning found themselves busy putting out "hotspots". Almost 400 firefighters and five aircraft are working on getting full containment of the fire on Monday.
Cilic advances as normality restored at Queen's after shocks
Two service games later and Cilic was celebrating his progression, converting the second match point to reach Sunday's showpiece. The 4th-seeded Cilic will play Feliciano Lopez or Grigor Dimitrov in Sunday's title match at the Wimbledon warm-up event.