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Big Firms to Face Fines for Late Payments to SME Suppliers

Friday 21st June, 2019 Written by Keith Tully

The government has announced plans that should soon see large companies being fined for failing to pay their smaller scale suppliers in a timely fashion.

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Bathstore Facing Administration Amid Cashflow Crisis

Thursday 20th June, 2019 Written by Keith Tully

The bathroom retail business Bathstore is facing the prospect of entering administration and potentially putting around 700 jobs in jeopardy.

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Bank Holiday Switch to Cost Calendar Company £200,000

Friday 14th June, 2019 Written by Keith Tully

The switching of next year’s early May bank holiday will cost a company that makes calendars in the region of £200,000, according to the business.

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Sports Direct Brings Legal Challenge to Debenhams’ CVA Deal

Wednesday 12th June, 2019 Written by Keith Tully

The retailer Sports Direct, along with other relevant parties, has commenced a legal challenge against the terms of a Company Voluntary Arrangement (CVA) designed to rescue the department store operat

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Major Landlord Refusing to Back Arcadia Group’s CVA Rescue Plan

Tuesday 11th June, 2019 Written by Keith Tully

The Arcadia Group, which owns numerous British retail businesses including Topshop and Topman, is facing the prospect of collapse after a key creditor said it would not back plans for a rescue deal.

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UK Economy Slumps in April Following Sharp Decline in Car Production

Monday 10th June, 2019 Written by Keith Tully

The UK economy shrank by as much as 0.4 per cent during April of this year as compared to the previous month, according to the latest official data.

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Business Rates are ‘Biggest Financial Challenge’ Facing Retailers

Tuesday 4th June, 2019 Written by Keith Tully

The issue of business rates and the extent to which they’ve increased in recent years is now the foremost challenge facing high street retailers.

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UK’s Car Manufacturing Output Down by 44.5% in April

Thursday 30th May, 2019 Written by Keith Tully

The UK’s car manufacturers saw their collective output decline by 44.5 per cent during April of this year as compared to the same month in 2018.

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Optimism and Profits Down Across UK Service Sector

Wednesday 29th May, 2019 Written by Keith Tully

Service sector companies operating across the UK economy saw their profits slide and their confidence decline again during the three months to May.

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