From home repossession to a virtual home in Metropolis metaverse September 6, 2022 A can-do attitude mixed with a pinch of hope has secured a new home in the Metropolis metaverse for journalist and activist Jillian Godsil.
Tax cuts are not enough to help the small businesses facing crippling energy bills September 2, 2022 Households facing soaring energy bills have rightly been front and centre of the political conversation. But, as both candidates to become prime minister have pointed out, ultimately our prosperity depends on economic growth. And it’s through prosperity that the government acquires the ability to finance public services and support families in need. And, with GDP [...]
Private equity influx in rugby will not save entire club game August 31, 2022 It’s no new phenomenon to see sports clubs, which tend to be at the heart of the community they serve, face financial challenges and ultimately go under. But why is this happening in rugby when the sport has benefited from a flurry of private equity investment which is shaping the future of the oval-balled game? [...]
Insolvencies jump for small production firms despite TV and movie boom August 30, 2022 UK film and TV production company insolvencies jumped 69 per cent in the past year, as staff shortages continue to batter indie firms.
Warriors’ land deals could be overturned if they enter administration August 23, 2022 Unexplained land deals undertaken by the owners of Worcester Warriors could be investigated and ultimately overturned if the Premiership rugby club goes into administration. The West Midlands club’s hierarchy have confirmed talks with HMRC after receiving a winding-up petition over unpaid tax, amid fears that a team who finished 11th last season could go into [...]
Company Voluntary Agreements plunge as taxman tightens debt recovery rules August 22, 2022 The number of struggling firms striking Company Voluntary Arrangements (CVAs) with creditors has plunged 47 per cent in the past year after tax authorities tightened the way they can reclaim debts, new data has revealed.
Cineworld seeks ‘potential’ restructuring to deal with £4bn debt burden August 22, 2022 Cineworld has said it is looking to gain liquidity and potentially restructure its balance sheet through a “comprehensive deleveraging transaction” as it carried billions in debt. The company, which owns US-based cinema chain Regal, said it had voluntarily sought a Chapter 11 bankruptcy filing in the US in pursuit of a potential restructuring. “Cineworld and [...]
City Moves: Who’s switching jobs in the Square Mile? August 18, 2022 A roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Allen & Overy Law firm Allen and Overy has announced a new partner to lead its India Corporate practice. Harsh Pais joins A&O after an 11-year stint as a partner at Indian firm Trilegal, where he co-headed the [...]
Company insolvencies jump as soaring costs batter the bottom line August 16, 2022 Company insolvencies surged in July as soaring costs continued to batter firms across England and Wales, official figures have revealed.
Taxpayer-backed Pollen on the verge of collapse August 9, 2022 An events start-up backed by the British Business Bank's Future Fund is on the verge of collapse just months after it bagged a $150m funding injection, according to reports today.