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Optimism Falls Sharply Among Service Sector Companies

Wednesday 27th February, 2019 Written by Keith Tully

Optimism among service sector companies across the UK slumped in the three months to February, with profitability also having fallen during the period.

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MPs Call for Online Sales Taxes to Help ‘Level the Playing Field’ for High Street Retailers

Thursday 21st February, 2019 Written by Keith Tully

Members of parliament have proposed that an online sales tax be levied against internet retailers in order to provide support for their high street counterparts.

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Sainsbury’s, Asda Merger Could be Blocked Over Competition Concerns

Wednesday 20th February, 2019 Written by Keith Tully

The proposed merger of two of the UK’s largest retailers has been thrown into jeopardy with the Competition and Markets Authority (CMA).

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Jobs Go at Flybmi After Collapse, Airline’s Administrators Confirm

Tuesday 19th February, 2019 Written by Keith Tully

Administrators appointed to the airline business Flybmi in recent days have confirmed that a majority of the company’s 376 employees have already been made redundant.

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Patisserie Valerie Acquired Out of Administration by Irish Private Equity Firm

Thursday 14th February, 2019 Written by Keith Tully

The bakery chain business Patisserie Valerie has been acquired out of administration by an Irish private equity firm called Causeway Capital Partners.

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Debenhams Secures £40m Lifeline Amid Ongoing Funding Crisis

Wednesday 13th February, 2019 Written by Keith Tully

The department store operator Debenhams has secured access to a £40 million credit facility that should help it cope with the pressures of its ongoing funding crisis.

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Interserve Agrees Rescue Deal to Avoid Carillion-style Collapse

Wednesday 6th February, 2019 Written by Keith Tully

The support services and construction giant Interserve has agreed a rescue deal with its creditors that is intended to stave off its potential collapse into administration.

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HMV Acquired out of Administration with 100 Stores Set to be Saved

Tuesday 5th February, 2019 Written by Keith Tully

HMV has been acquired out of administration by a Canadian business called Sunrise Records, which has put plans in place to save 100 of the company’s UK outlets.

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Prospect of No Deal Brexit puts Car Industry on ‘Red Alert’

Friday 1st February, 2019 Written by Keith Tully

The potential that the UK might withdraw from the European Union without a deal on its terms of exit has put the British car industry on “red alert”.

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