‘Death by a thousand cuts’: UK insolvencies soar 17 per cent and exceed pandemic levels UK Economy The government agency said this was higher than levels seen during the pandemic "while the government support measures were in place", with things like the furlough scheme. It is also higher than pre-pandemic figures.
Insolvencies surged in November, confirming 2023 is set to be the worst year for corporate collapses since 2009 Corporate Insolvency The number of insolvencies in November was 2,466, a 21 per cent increase from the same month in the previous year.
Spring Budget 2024: What measures could Labour continue in government? UK Politics With an election expected this year, and a Labour Party hell-bent on wooing business, are there financial measures a Starmer government could support?
More energy bill support for households will be needed this winter, Cornwall Insight warns July 27, 2023 The government should bring in fresh measures to provide support for customers, warned forecasting group Cornwall Insight.
Mitchells & Butlers: All Bar One owner toasts ‘record year’ despite battling high costs November 30, 2023 All Bar One owner Mitchells and Butlers (M&B) said that like for like sales grew to a record 9.1 per cent during the full year, as the chain toasts a strong performance. The no frills dining and pub chain, which also owns Toby Carvery, said that adjusted operating profit increased by 17.6 per cent, despite [...]
Loungers: Cafe and Bar operator looks for further expansion as cooling inflation for hospitality boosts revenue July 12, 2023 Cafe and bar operator Loungers revenues jumped 19 per cent during the year, as the owner of the Lounger and Cosy Club was bolstered by 29 new site openings. The London-listed hospitality chain recorded earnings of £47.3m which represents growth of 66 per cent since it first listed on the stock exchange in April 2019. [...]
Government halves insolvency payouts to workers in 2021 February 21, 2022 The government halved pay outs to workers whose employers went bust last year, as Covid-19 support measures helped stave off insolvencies.
Halifax: UK house price growth expected to be ‘much flatter’ 1 per cent in 2022 December 17, 2021 UK house price growth will remain robust next year but will be “much flatter” as rising inflation and interest rates, coupled with the end of government support measures, place greater pressure on household budgets. Prices are expected to inch up around 1 per cent in 2022, but “forecast uncertainty remains very high,” Halifax said this [...]
FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.
Shaftesbury weathers Omicron disruption and reports a strong rebound February 4, 2022 Shaftesbury, the owner of several buildings in London’s West End, has reported a strong rebound despite the impact of Omicron. In the four months ended 3 February, the firm announced that strong strong trading prior to restrictions and ongoing government support measures helped Shaftesbury weather Omicron-induced disruptions. The firm’s net debt went down 1.1 per [...]