"What impact is expected on British Steel and its parent company, Jingye Group, from the discussions to avert plant closures, and what is the estimated percentage change in stock value today?"

The impact expected on British Steel and its parent company, Jingye Group, from the discussions to avert plant closures is positive, with a focus on avoiding job losses and securing the future of the Scunthorpe plant. However, the estimated percentage change in stock value today is not provided in the available information.

1. British Steel:
   • The discussions aim to avoid plant closures, which would preserve jobs and maintain the operation of the Scunthorpe plant.
   • The uncertainty surrounding plant closures has led to a "vacuum of communication" and a joke about consulting a Magic 8 Ball, indicating a lack of clear information and potential frustration among workers.
   • The closures would result in the loss of 3,000 jobs, which could have significant social and economic impacts on the local community and the UK's steel industry.
2. Jingye Group:
   • As the parent company, Jingye Group's involvement in the discussions suggests a commitment to supporting British Steel and mitigating the potential negative impacts of plant closures.
   • The group has expressed interest in taking over Tata Steel's UK operations, which could lead to a reunification of the UK's two largest steel plants under common ownership.
   • Jingye Group's involvement may provide a much-needed injection of funds and guidance to help British Steel navigate its transition to a greener and more cost-efficient production model.
3. Stock Value Impact:
   • The estimated percentage change in stock value today is not provided, but it is likely to be influenced by the outcome of the discussions and the associated relief that avoiding plant closures may bring to the companies and their stakeholders.
   • If the discussions lead to a positive outcome, such as a financial package or strategic partnership that ensures the survival of British Steel's Scunthorpe plant, the stock value of British Steel and Jingye Group could potentially increase.
   • Conversely, if the discussions fail to produce a viable solution, the stock values could decrease due to the continued uncertainty and potential negative consequences of plant closures.

In conclusion, the discussions to avert plant closures at British Steel are expected to have a positive impact on both British Steel and its parent company, Jingye Group, by preserving jobs and maintaining operations. However, the estimated percentage change in stock value today is not provided and would depend on the specific outcome of the discussions.