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
Central London Alliance calls for government to cut VAT for hospitality, tourism and leisure January 23, 2024 Central London Alliance (CLA) calls on the Government to address the UK’s lack of competitiveness on the global tourism market, beginning with a cut to VAT for the hospitality, tourism and leisure industries. Figures from the Office of National Statistics (ONS) show that visits to the UK increased 112 per cent year-on-year, generating £30 billion [...]
Why council funding may be the next hot potato for Rishi Sunak to handle January 23, 2024 Dozens of Tory MPs have written to Rishi Sunak demanding “emergency” funding for councils which they say are facing cash pressures “like never before” amid an election year.
Economy: ‘Situation critical’ warning after huge spike in on the brink businesses January 22, 2024 Nearly 50,000 UK businesses are in a "critical" financial position, according to a new data, as high borrowing costs and inflationary pressures continue to squeeze firms.
Post Office faces further criticism over closure of two London depots January 21, 2024 The under-fire Post Office is facing renewed criticism for closing two key London depots despite concerns from campaigners.
Schroders Greencoat to pay £700m for Toucan in back-door Thurrock Council refund January 19, 2024 Schroders Greencoat is expected to buy up insolvent solar energy firm Toucan Energy next week, reports suggest.
500 UK jobs at risk after Aston Martin and Bentley cut ties with parts manufacturer January 17, 2024 Aston Martin and Bentley's decisions to terminate contracts with a UK company that makes car components has sparked fears that hundreds of jobs could be cut as the firm battles to survive.
How one manufacturer collapsed into administration owing over £100m before being rescued January 16, 2024 The story of how a group that manufactured buses and police cars collapsed into administration owing more than £100m and led to over 150 people to lose their jobs has been revealed for the first time.