Mark Kleinman: This week’s must-read column March 28, 2024 Sky News’ City Editor Mark Kleinman writes a weekly column for City A.M., this week on the planned football regulator and NatWest’s new leadership team They think it’s all over – it isn’t yet, not by a long way. With apologies to the late Kenneth Wolstenholme, the legislation published by the government last week to [...]
Premiership rugby: Saracens make £5m loss and clubs to battle government? March 27, 2024 England’s top-flight Premiership rugby clubs are at loggerheads with the government over the repayment of loans worth over £150m from the Covid-19 pandemic. The first raft of repayments are due imminently, according to the Mail, and clubs are hoping to get repayment dates pushed back. The government is said to have provided low interest loans [...]
Revolution Bars confirms it’s looking at ‘strategic options’ as it fights to survive March 26, 2024 Revolution Bars is undergoing talks to sell off around a quarter of its venues, according to reports.
Ferrexpo bullish on production output despite mounting legal actions March 25, 2024 Iron ore miner Ferrexpo is facing multiple lawsuits including unpaid supplier debts.
Saudi Arabia reportedly eyes up £2bn stake in Selfridges, Gucci owner denies interest March 22, 2024 Saudi Arabia is reportedly eyeing up a £2bn stake in Selfridges as the department store chain's co-owner faces insolvency, while luxury goods giant Kering has denied the claim that it is interested in the store.
Hundreds of jobs at risk as Ted Baker owner calls in administrators March 19, 2024 Hundreds of high street jobs could be placed at risk after the owners of Ted Baker filed a notice to appoint administrators.
Brew by Numbers, Black Sheep and Brick Brewery, spike in brewery collapses shakes sector March 18, 2024 According to data by accounting firm Mazars, last year (ending December 31), 69 UK breweries went insolvent, up from 38 a record for 2022.
‘Death by a thousand cuts’: UK insolvencies soar 17 per cent and exceed pandemic levels March 15, 2024 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.
What will get London workers back into the office? March 14, 2024 Last Friday, passengers began to travel with off-peak Tube and train fares and will be allowed to every Friday until 31st May, 2024. The new scheme – announced by Transport for London (TfL) at the end of January – is a bid to increase the number of people travelling on London transport after it was [...]
Government files director disqualification claim against Lex Greensill March 7, 2024 The Insolvency Service has filed a director disqualification claim against the founder of Greensill Capital, Lex Greensill.