Hays results ‘lay bare’ UK recruitment crisis August 22, 2024 Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]
Exclusive: Phoenix-backed homeless housing firm in turmoil after rental collapse August 22, 2024 The future of a homeless housing investment firm set up in the mould of scandal-hit Home REIT and backed by Phoenix Group is hanging in the balance after a slew of its tenants went bankrupt or stopped paying rent, City A.M. can reveal.
Compulsory liquidations hit highest level in almost six years August 20, 2024 New figures from the Insolvency Services showed that there were 320 compulsory liquidations in July, the highest number since before the pandemic.
UK on track for record number of new company creations in 2024 August 20, 2024 The UK is on track for a record year of new company creations in 2024, new data has suggested, in a positive sign for the country's economic prospects.
Overlooking the role of migrant workers will be the death of our housebuilding ambitions August 17, 2024 Labour’s pledge to get Britain building again is encouraging, but we can’t reach their targets without construction workers – and, crucially, immigration, writes Haman Manak Out of all the sectors addressed in Labour’s early days of government, housebuilding has been one of the big winners. Starmer and co have promised to build 1.5m homes over [...]
Carpetright owed almost £350m when it collapsed into administration August 14, 2024 Carpetright owed almost £350m when it collapsed into administration with the loss of more than 1,500 jobs before being rescued, it has been revealed. The Essex-headquartered carpet and tiling retailer was acquired by rival Tapi in July in a move that saved the jobs of more than 300 people and 54 stores. At the time [...]
Talktalk agrees £400m lifeline as leadership changes confirmed August 12, 2024 Talktalk has agreed the key terms of a refinancing deal which will hand the telecommunications giant a £400m lifeline, it has been confirmed. The Salford-headquartered company has been in talks with one of its largest shareholders amid warnings it was on the brink of collapse. Its annual report, which was published in July, revealed that [...]
‘We haven’t sold the business’: London Lions administrators deny Lithuanian claims August 7, 2024 London Lions have won the BBL and Women’s BBL titles for the last two years.
‘This time it’s personal’: Ex-Man Utd boss Richard Arnold vows to take Norton Motorcycles global August 7, 2024 As the former-CEO of Manchester United, Richard Arnold knows a thing or two about high stakes. But with a recent career pivot seeing him take the helm of beloved heritage motorcycle brand Norton – which is currently fighting for survival after being rescued from the brink of collapse four years ago – the biking enthusiast [...]
Litigation liberation: Alius Law breaks free from tradition in Mayfair August 5, 2024 In the heart of Mayfair, Alius Law is shaking up the legal industry with a different approach to the traditional structure of a law firm, where the motto is "happy and fulfilled lawyers work hard"