Insolvencies surged in November, confirming 2023 is set to be the worst year for corporate collapses since 2009 December 15, 2023 The number of insolvencies in November was 2,466, a 21 per cent increase from the same month in the previous year.
Insolvency specialist Begbies Traynor makes hay as economy slows December 11, 2023 The number of firms in difficulty continues to increase which has given specialist accountant Begbies Traynor a boost
Petrofac shares as it lays out plan to reverse cash-flow fears December 4, 2023 Petrofac, the struggling oil services provider, has today warned it will be forced to sell assets after warning on cash flow.
Polar Capital’s key funds see inflows amid ‘challenging period’ for equities November 20, 2023 Polar Capital reported assets under management of (AUM) of £19.1bn at the end of September compared to £19.2bn at the end of March.
‘Last mile’ logistics and flight to quality gives British Land reason for optimism November 13, 2023 British Land, the developers behind Broadgate Circle, have seen a spike in demand for urban logistics hubs
PwC Australia cuts over 300 jobs following tax leak scandal November 8, 2023 Pricewaterhouse Coopers (PwC) Australia on Wednesday announced hundreds of job cuts citing a slowing economy and the after-effects of a national scandal over leaked tax documents as a major audit client cut ties with the firm. The audit and consulting major has been under fire this year after revelations a former partner leaked government tax [...]
Persimmon appoints PwC veteran as new CFO after housebuilding improvement and share rally November 8, 2023 Persimmon has chosen Andrew Duxbury to become its chief financial officer amid a rally for homebuilders as market conditions show signs of improvement.
“Doom and gloom starting to clear” for the London legal hiring market November 8, 2023 Activity in the legal jobs market is up as new data shows September and October had the most recorded partner moves in a single two-month period. Legal recruitment specialist Edwards Gibson’s new report on law firm partner moves in London recorded 117 partner moves over the two month period. The numbers are 36 per cent [...]
Luxury shoppers switch to second hand Rolexes because wait time is too long November 7, 2023 Impatient luxury shoppers are opting to buy refurbished Rolexes because the wait list for a brand new five-figure watch is too long, the chief executive of Watches of Switzerland has said. Brain Duffy, who heads up the designer store, said the growing trend amongst consumers to purchase a refurbished model of the pricey status symbol [...]
Christmas fear for UK restaurateurs as Brits cut back on dining out to heat their house November 7, 2023 In the run up to Christmas, 56 per cent of respondents said they would cut back on eating out at restaurants