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Thomas Cook Reports £1.46bn Half-year Losses

Thursday 16th May, 2019 Written by Keith Tully

Thomas Cook, the UK’s oldest package holiday business, has reported operating losses worth £1.46 billion for the six-month period to the end of March 2019.

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British Steel Seeking £75m Loan to Avoid Collapse

Tuesday 14th May, 2019 Written by Keith Tully

British Steel could be set to collapse unless it can secure loans worth in the region of £75 million from the government.

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Business Rates Reforms ‘Can’t Happen Soon Enough’, Says CBI President

Friday 10th May, 2019 Written by Keith Tully

The UK’s business rates system is hurting companies and the wider economy, and is in urgent need of reform, according to the president of the Confederation of British Industry (CBI) John Allan.

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KPMG Hit with £4m Fine for Failings Linked to Co-op Bank Audit

Thursday 9th May, 2019 Written by Keith Tully

The professional services firm KPMG has been issued a £4 million fine for failings relating to its auditing work for Co-operative Bank, which almost collapsed in 2013.

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At Least 8% of UK Companies ‘Displaying Zombie-like Symptoms’

Wednesday 8th May, 2019 Written by Keith Tully

At least 8 per cent of UK companies, and quite possibly many more, are displaying ‘zombie-like’ symptoms and struggling to make positive financial progress.

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Government Recommends ‘Insolvency Levy’ on Passenger Flights

Tuesday 7th May, 2019 Written by Keith Tully

A government review has recommended that a levy of 50 pence per journey be introduced on passenger flights to cover costs if an airline becomes insolvent.

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Four Seasons Health Care’s Holding Companies Head into Administration

Wednesday 1st May, 2019 Written by Keith Tully

Holding companies behind Four Seasons Health Care, one of the largest providers of care home services in the country, have fallen into administration after struggling to maintain financial viability.

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Big Firms Named and Shamed as Late Payers of Supplier Invoices

Tuesday 30th April, 2019 Written by Keith Tully

Some of the largest and best-known companies in the country have been named among a list of firms guilty of falling behind with payments to suppliers.

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HMRC Spending on Private Debt Collectors Up Fourfold Since 2014

Monday 29th April, 2019 Written by Keith Tully

HMRC has significantly increased the scale of money it pays to private debt collectors in pursuit of unpaid taxes over the past several years.

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