Mark Kleinman: His weekly column on Arrival, the CBI and Rishi’s latest wheeze February 8, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. To travel well, it’s said, is better than to arrive. Try telling that to shareholders in Arrival, the New York-listed (would-be) electric van manufacturer, whose journey hitching a ride since it [...]
EY warning: Higher interest rates could cost UK firms £25bn over next three years February 6, 2024 Luke Reeve, partner and head of debt advisory at EY, said the adjustment will be "untenable" for some.
Around 400 jobs at risk as British electric van maker Arrival falls into administration February 5, 2024 A British-based electric van maker which aimed to become a leader in EV manufacturing has filed for administration, placing around 400 jobs at risk.
Insolvencies forecast to hit 33,000 in 2024 despite improving economic outlook February 5, 2024 According to new forecasts from the Centre for Economics and Business Research (CEBR), there could be more than 8,000 insolvencies per quarter in 2024.
Ted Baker owner exploring UK store closures to reduce costs February 4, 2024 The US owner of fashion chain Ted Baker is reportedly considering a major cost-cutting plan that could see job losses and store closures.
Insolvencies rise helps Leonard Curtis back into the black February 1, 2024 The rise in company insolvencies across the UK helped Leonard Curtis back into the black during its latest financial year, new documents have revealed.
UK insolvencies skyrocket to 30-year high in ‘striking’ reminder of ‘onerous’ environment January 30, 2024 The number of company insolvencies has soared to its highest level since 1993, as voluntary liquidations reached the most since records began in 1960. The Office for National Statistics revealed today that throughout 2023, there were over 25,000 company insolvencies, with every category of insolvency rising compared to the year before. Mark Ford, partner in [...]
Evergrande: Hong Kong court orders China property developer to liquidate January 29, 2024 A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of the company putting [...]
Newport County and the value of an FA Cup run for lower league football clubs January 27, 2024 What do football clubs really earn from doing well in football's oldest cup competition?
UK moves to protect investments in water firms in case they go bust January 25, 2024 Thames Water's group debt pile stands at £18.bn