Half-a-million UK firms ‘financially distressed’ and thousands face insolvency as they ‘pin hopes’ on rate cuts UK Economy Nearly half a million UK businesses continue to face 'financial distress,' new research finds, with tens of thousands facing the possibility of insolvency within the next 12 months.
Avoid ‘outright bans’ on flexible contracts and improve workers’ rights, urges think tank UK Economy According to the research, three quarters of employers reported using flexible contracts - although for a variety of different reasons.
Cosworth hails record revenue at former Formula One engine supplier Automotive Former F1 engine supplier Cosworth achieved a record revenue of £100m during 2023 "despite challenging market and supply chain conditions".
Harvey Nichols: Customers returning to luxury department store chain helps sales pass £200m and slash losses April 24, 2024 More customers choosing to shop at Harvey Nichols helped sales pass £200m for the first time since the pandemic, according to newly-filed accounts.
Butcher’s dog food maker significantly cuts losses as sales surge April 22, 2024 The family-owned pet food business behind brands such as Butcher's significantly cut its losses during its latest financial year, it has been revealed.
Almost 500 jobs saved as private ambulance company sold out of administration April 22, 2024 Almost 500 jobs have been saved after a private ambulance company was sold out of administration.
Getir departure from UK market could put 1,500 jobs at risk April 21, 2024 Grocery delivery firm Getir is reportedly considering leaving the UK, putting as many as 1,500 jobs at risk.
Will Rishi Sunak’s clampdown on ‘sick note culture’ tackle long-term sickness? April 20, 2024 "Reforms to fit notes...won’t help the 2.8m people currently out of work due to their long-term health conditions," David Finch, assistant director at the Health Foundation, said.
Diesel slips into red as challenging conditions slow growth at fashion brand’s UK arm April 19, 2024 The UK arm of fashion brand Diesel slipped into the red in 2023 as the challenging economic conditions impacted its finances.
‘Moral mission’: Sunak to reform benefits system in fight against long-term sickness April 19, 2024 Rishi Sunak has announced plans to reform Britain’s disability benefits system in what he called a “moral mission” to address the rise in long-term sickness.