Interest rate hikes send 738 real estate investment firms under this year. What does this mean? November 6, 2023 Insolvencies of real estate investment companies have increased 16 per cent in the past 12 months, with up to 738 businesses going under.
Ince Group: The law firm collapse that has rocked London’s legal sector November 2, 2023 Ince collapsed into administration earlier this year. But the bigger crisis came after it was rescued by a law firm virtually no one had heard of.
Insolvencies at highest levels since 2009 — but which sectors are the worst hit? October 31, 2023 The number of insolvencies has risen to its highest level since 2009, at the height of the financial crisis.
Bankman-Fried trial continues: ‘Listen to the question, and answer the question directly’ October 30, 2023 Sam Bankman-Fried was back for his second day in front of the jury today, continuing his questioning by lead defence counsel Mark Cohen.
Are UK restaurants struggling to ‘keep their heads above water?’ October 30, 2023 A combination of "pressures" could be to blame for struggling UK restaurants, noted associate director at Mazars Paul Maloney.
Mark Kleinman: WPP takeover rumours, CBI secrecy and the flight of the Tories October 26, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
British Steel preparing to cut up to 2,000 jobs October 22, 2023 British Steel is preparing to cut as many as 2,000 jobs as the firm struggles under a £30m a month running loss, according to reports first published in The Times. The Chinese-owned company is undergoing plans to overhaul operations as it is reportedly running between a £20m and £30m monthly loss. It is also aiming [...]
Wiggle’s future uncertain as parent company seizes funding October 22, 2023 The future of Wiggle could be on the line after its parent company’s decision to terminate a €150m (£130m) lifeline to its sports division last week caused a series of concerns within the umbrella of subsidiaries. Signa Holdings’s decision to terminate the funding to Signa Sports United (SSU), which was announced last Monday, soon led [...]
UK remains world’s third largest crypto economy, and biggest in Europe October 18, 2023 A Chainalysis update shows the UK remains the world's third largest digital asset economy, and the biggest throughout Europe.
Those who lost jobs in Carillion deserve answers, GMB says, as execs avoid trial October 17, 2023 Questions circulate around why the Government had invested "substantial" amounts of money into a Carillion trial that was dropped last week.