Number of UK Companies in Financial Distress ‘Falling Despite Brexit Uncertainty’

Monday 24th October, 2016 Written by Keith Tully

The number of British companies in a financially distressed position fell during the third quarter of this year in comparison with the previous quarter and the same period of 2015.

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Pensions Regulator Calls for More Power to Intervene in Company Sales

Tuesday 11th October, 2016 Written by Keith Tully

UK’s Pensions Regulator has called on the government to give her office more power to intervene in scenarios where companies are being sold while carrying large-scale pension deficits.

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Leaked Documents Show How RBS Squeezed Struggling Businesses to Boost Revenues

Monday 10th October, 2016 Written by Keith Tully

A swathe of newly-leaked documents appear to illustrate how the Royal Bank of Scotland (RBS) systematically squeezed struggling businesses in order to boost its own revenues and profits.

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Jobs Go As AIC Steel Heads into Administration

Wednesday 5th October, 2016 Written by Keith Tully

A total of 101 people have been made redundant following the entry of the steel contracting business AIC Steel Limited into administration in recent days.

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HMRC’s Asset Seizure Rates ‘Up Sharply’ As UK Companies Struggle to Settle Debts

Tuesday 13th September, 2016 Written by Keith Tully

The frequency with which HM Revenue & Customs (HMRC) is stepping in to seize assets of companies who are heavily in debt increased sharply over the past year.

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The Restaurant Group to Dispose of 33 Outlets and Swallow £59.1m Exceptional Charge

Tuesday 6th September, 2016 Written by Keith Tully

The Restaurant Group, which owns hundreds of branded eateries around the UK, is to close or sell 33 of its outlets after a review of its nationwide operating strategy.

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Liverpool-based Bay TV Entered into Administration

Monday 5th September, 2016 Written by Keith Tully

A television company has been entered into administration after succumbing to financial pressures over the past several months.

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Big Four Supermarkets All Report Dips in Summer Sale

Wednesday 24th August, 2016 Written by Keith Tully

The four largest supermarket chains in the UK all saw their sales levels fall on a year-to-year comparative basis during the recent summer months.

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Latest Output Data Shows UK’s Service Sector Struggling

Thursday 4th August, 2016 Written by Keith Tully

Activity within the UK’s service sector contracted during July after having expanded consistently every month over the course of the past three and a half years.

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July Data Shows Sharp Downturn in UK Economic Activity

Friday 22nd July, 2016 Written by Keith Tully

Data relating to economic output and activity during July suggests that optimism and ordering levels among British businesses have both taken a steep downward turn in recent weeks.

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