It’s Blue Monday, so what does 2025 look like for insolvencies? January 20, 2025 Today is supposedly the most depressing of the year, and businesses appear to be lacking confidence too, says Sarah Rayment Today is Blue Monday, supposedly the most depressing day of the year, when the reality of gloomy weather, Christmas debt and post-holiday blues all kick-in. But it’s not just individuals feeling the effects, business confidence [...]
Seasalt: Cornish clothing brand bucks retail gloom over festive season January 7, 2025 Cornish retailer Seasalt has defied the despondent British high street and reported a significant uptick in sales over the Christmas season despite significant cost pressures. Total sales across online, stores, and marketplace partners like M&S increased by 10 per cent compared to last year in the last five weeks of the year, with every channel [...]
Retail insolvencies set to surge as Budget bites, experts warn December 30, 2024 A wave of insolvencies could be coming to the retail and hospitality sectors next year as businesses crumble under the tax bill brought on by Labour’s Budget, bosses have warned. Insolvencies and restructuring could rise further over the start of 2025 as firms face increased cost pressures, industry experts have said, with the retail, hospitality [...]
Grab the popcorn: Retail’s five most dramatic stories this year December 27, 2024 From Boohoo’s boardroom dramas to The Body Shop’s salvation in the nick of time, 2024 has been a big year in retail. City AM counts down its top five retail dramas this year (spoiler alert: Mike Ashley is at the centre of two of them). Asda tumbles down the supermarket charts Asda has faced a [...]
UK retail sector faces mounting pressures after Budget, warns Begbies Traynor December 27, 2024 UK retailers in critical financial distress has surged by more than 25 per cent, marked by weaker-than-expected retail sales and Budget uncertainty
What to expect from sports law in 2025: Man City, Saudi and the ‘unlikely MVP’ December 21, 2024 What will the big talking points be in sports law in 2025? We asked the experts at one of the industry’s top firms. This year will be remembered as one in which key sporting decisions were made in the courtroom rather than the boardroom. With the Football Governance Bill, ongoing financial regulatory disputes, and the [...]
Red Bull: Leeds United minority owner set to increase football investment December 18, 2024 The energy drinks brand already has a minority stake in Leeds but has an option to increase it.
DCMS fear rugby future as £30m in taxpayer loans expected to be written off December 18, 2024 The government could be forced to write off nearly £30m of taxpayers’ money loaned to sports bodies, clubs and the arts during the Covid-19 pandemic. The figures, revealed today by the National Audit Office, provide a stark update on the £474m aid package provided by the Department of Culture, Media and Sport. Rugby union was [...]
Budget sparks 13 per cent jump in business insolvencies December 17, 2024 The number of business insolvencies in England and Wales rose 13 per cent in November, as the impact of the Budget continues to hit firms hard. Experts have also warned that things are not going to get better, with April’s looming Employers’ National Insurance increase leaving firms in a “perilous position”. Nearly 2,000 firms went [...]
London holds global litigation crown amid calls for reform in funding industry December 16, 2024 Litigation funding is a leading key concern among City litigators as the majority believe the Labour should prioritise regulatory reforms