Global credit insurer Coface has predicted that the UK will see around a 10% increase in UK insolvencies throughout 2018. During their annual conference on country and sector risks, Coface also advised that Global trade made a leap of +4.4% in 2017. It was also revealed that only 13 countries ended[...]
You’d have been hard-pressed to miss the news about Carillion, but you might easily have missed the news about its domino impact. Read more on our latest LinkedIn article.
The Bank of England recently revealed that rate rises should be expected earlier and will be larger than previously thought. The bank indicated that the pace of interest rate could accelerate if the economy remains on its current track.
Major business outsourcing company, Capita has suffered a fall in shares for the first time in 15 years following a number of profit warnings. The company manages a number of important services in the UK including London congestion charges, Jobseekers Allowance and it even collects the TV license[...]
The collapse of Carillion this January has put thousands of suppliers, sub-contractors and stakeholders at risk. Although The Federation of Small Businesses has called for payment protection to ensure suppliers are paid, the second largest construction firm in the UK still owes roughly £800m, with[...]
Many businesses have been rocked in the last four weeks, by news that the parent company of Poundland, Bensons for Beds and Harveys, among other global brands, is under criminal and tax investigation, and is being forced to resubmit its books. Read more on our latest opinion piece on LinkedIn here.
With inflation reaching a five-and-a-half year high in October 17, and Bank of England Governor Mark Carney communicating that it is expected to peak early this year, the weakened pound and resulting rising costs have put pressure on the UK high street and worked their way into consumer back[...]
Carillion Construction, the second biggest construction firm in the UK has entered liquidation after the government failed to reach a deal to save them. The company had been struggling for some time after losing money on big contracts and running up large debts.
The UK manufacturing output is at its highest rate for over 10 years, showing a seventh consecutive month of growth in November last year. It is expected that renewable energy projects, aerospace and car exports helped to make the output 3.9% higher in the three months to November 2017. Official[...]
At the end of 2017, the Association of British Insurers (ABI) released a report highlighting that £574,000 was paid out every day to UK companies with credit insurance policies by the credit insurers.
