Nightmare before Christmas? Nearly 4,500 UK retailers are in ‘critical financial distress’ December 21, 2023 Nearly 4,500 UK retailers are in “critical financial distress” during the sector's ‘Golden quarter’ due to weak Christmas sales performances.
Exclusive data: 2024 sees rise of ESG, group actions and insolvency disputes December 18, 2023 London litigation lawyers predict environmental-related cases, group actions and insolvency disputes to increase next year. In exclusive data shared with City A.M. from the London Solicitors Litigation Association (LSLA), the majority of litigants surveyed (65 per cent) envisaged an increase in environmental/environmental, social, and governance (ESG) claims. John McElroy, a committee member of the LSLA [...]
Insolvencies surged in November, confirming 2023 is set to be the worst year for corporate collapses since 2009 December 15, 2023 The number of insolvencies in November was 2,466, a 21 per cent increase from the same month in the previous year.
EY set to close yet another legal arm of its business December 12, 2023 EY is shuttering its legal arm in Hong Kong in January, which makes it the second closure action the firm has taken against its legal services. On 23 January, the Big Four firm will close its Hong Kong law member firm, LC Lawyers, according to Bloomberg News. LC Lawyers advised on Hong Kong IPO and [...]
Begbies Traynor acquires midlands firm of property auctioneers December 12, 2023 Professional services that act as a restructuring specialist, Begbies Traynor Group has completed the acquisition of a national firm of property auctioneers.
UK legal market sees revenue hit record level December 12, 2023 Revenue generated by legal activities in the UK hits its highest level in more than a decade, as the sector generated £43.7bn over 2022/23. In a new report by TheCityUK, much of the £43.7bn figure was generated by the top 100 UK law firms, who netted more than £33.7bn in 2022/23. This figure was up [...]
Government not pursuing 98 per cent of Covid fraud tip-offs December 11, 2023 Just two per cent of Covid fraud tip offs are being investigated, the government has admitted.
Insolvency specialist Begbies Traynor makes hay as economy slows December 11, 2023 The number of firms in difficulty continues to increase which has given specialist accountant Begbies Traynor a boost
Hitachi UK rail plant takes multimillion hit as train manufacturers struggle December 10, 2023 Hitachi's factory in the North East of England has taken a multimillion pound writedown amid growing concerns over the health of UK train manufacturing.
Alstom UK boss: Give clarity over Derby plant future or ‘it all goes’ December 6, 2023 Suppliers of Alstom's Derby plant are already facing liquidation, its UK chief has warned as a deadline for clarity over its future approaches.