Labour candidate under fire after collapsed FX firm left clients £15m out of pocket June 19, 2024 A Labour parliamentary candidate is facing questions over his past business ventures today after the FX firm he founded collapsed and left customers millions of pounds out of pocket.
Firms still face ‘significant pressure’ despite slight decline in insolvencies June 18, 2024 Last year saw the highest number of company insolvencies since 1993, with 25,000 firms going under.
Debts, disputes and a ‘shadow CEO’: The curious case of Truspine June 18, 2024 Truspine Technologies has failed to take off since it floated nearly four years ago - and some are arguing this failure merits further investigation by City regulators. City A.M. takes a closer look at the firm’s labyrinthine history, uncovering a myriad of debts, disputes and detractors
The unspoken truth about pensions May 29, 2024 Neither party is willing to face up to the fact that when it comes to state and public sector pensions, there really is no money left, says James Price General elections really ought to be a platform from which the seismic, structural challenges facing our country are debated. Governments need fresh mandates if they are [...]
Debt headache as just a quarter of execs have experience of higher interest rates May 28, 2024 "For many of the people tasked with tackling higher interest costs, this is a new challenge," Nick Forest, a partner at the firm said.
BDO picks Mark Shaw as next managing partner as firm eyes £1bn target May 22, 2024 Shaw was chosen following a vote by the firm’s equity partners, and is set to take over the leadership position from 1 October 2024.
Axiom Ince: Court green lights bankruptcy order against disgraced lawyer May 20, 2024 The court approves a £1.07m bankruptcy order against the former boss of disgrace Axiom Ince Pragnesh Modhwadia over failing to make payments for the law firm he acquired last year
Mark Kleinman: FCA row risks casting shadow over City set-piece May 16, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
London retailers gear up for a return to the high street amid boost in confidence May 14, 2024 Over half of London retailers are gearing up for a return to the high street in what is seen as a sign of positive momentum for the recovering retail sector.
Half-a-million UK firms ‘financially distressed’ and thousands face insolvency as they ‘pin hopes’ on rate cuts April 26, 2024 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.