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Government Looks to Clamp Down on Reckless Company Directors

Sunday 26th August, 2018 Written by Keith Tully

The government has announced its plans to clamp down on the activities of “reckless” company directors who dissolve businesses in order to avoid paying debts to their own staff and to their creditors.

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Wonga Stops Offering New Loans as Administration Looms

Friday 24th August, 2018 Written by Keith Tully

The payday lending firm Wonga has stopped offering new loans to potential customers as the prospect of administration draws closer for the company.

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Brexit Effects Adding to Wage Pressures on UK Employers

Wednesday 15th August, 2018 Written by Keith Tully

Fewer EU nationals are coming to the UK to work in the wake of the Brexit referendum of 2016 and the situation is now adding to the pressure on employers to increase wages among their workforces.

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House of Fraser Snapped Up by Sports Direct After Falling into Administration

Friday 10th August, 2018 Written by Keith Tully

The department store chain House of Fraser has been acquired by Sports Direct after having fallen into administration.

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Homebase Owner Plans to Close 60 UK Stores and Enter CVA Deal

Thursday 9th August, 2018 Written by Keith Tully

The owners of the DIY retailer Homebase is planning to close around 60 of its UK stores and work towards a Company Voluntary Arrangement (CVA) deal with its creditors.

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Unexpected APN Puts Psychic’s Business into Liquidation

Friday 3rd August, 2018 Written by Keith Tully

A company offering psychic services has been entered into voluntary liquidation after receiving an unexpected Advanced Payment Notice (APN) from HMRC.

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Interest Rate Rise ‘Could Undermine Confidence’, Says Business Lobby

Thursday 2nd August, 2018 Written by Keith Tully

The Bank of England’s decision to increase its base rate of interest could serve to undermine confidence among businesses at a time of “significant political and economic uncertainty”.

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Hundreds More Carillion Workers Laid Off by Liquidators

Tuesday 31st July, 2018 Written by Keith Tully

A total of 356 people have been let go as employees of Carillion, the facilities management and construction services giant which crashed into administration earlier this year

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UK Carmakers Fearful of No Deal Brexit

Monday 30th July, 2018 Written by Keith Tully

Representatives of the UK’s car making companies have expressed major concerns about the potential impact on their industry of a ‘no deal’ Brexit.

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