On Monday 2nd October, Monarch Airlines and Monarch Travel Group went into administration. All flights from the UK operated by Monarch Airlines were cancelled and unfortunately not rescheduled. All Monarch flights scheduled to fly into the UK over the next two weeks will be replaced with[...]
Dominic O’Connel was on the Today Programme on Friday discussing Carillion Plc’s ½ year results with Michael Hewson, Chief Market Analyst of CMC Markers (UK). No news there. The conversation was about some of the detail in the ½ year results – the further £200m written off on long term contracts[...]
According to Quarter 3 statistics from InfolinkGazette, individual, unsecured creditor losses have risen from an annual average of £23,000 per insolvency to £29,000. The statistics confirm that on average, the creditors of Voluntary Liquidations are losing £28,000 on average, while creditors of[...]
According to analysis by Global Insurance Giant Euler Hermes, failure to leave the EU without an appropriate Brexit-Deal could cost the UK billions of pounds in exports alone. Statistics, which quantify the potential scope of the problem, highlight that UK Automotive export demand would fall by[...]
According to the latest predicted figures from Atradius, the number of insolvencies expected across the advanced markets is expected to fall by 3% this year, and 2% next year, largely due to the robust recovery of the Eurozone. The forecast highlights the growing GDP growth across advanced markers[...]
The UK’s inflation rate has climbed to its joint highest point in more than five years. The UK inflation rate, which is measured by the Consumers Price Index, rose to 2.9% in August 2017 largely due to the rise in the cost of fuel and clothing. The inflation rate was up 2.6% from July, and the fall[...]
According to the latest statistics, the UK has been ranked as one of the hardest trading markets for retailers, alongside the US, Germany and South Korea. The statistics have been attributed to high competition, a rise in online shopping and a flourishing discounter model. In fact, the number of[...]
In July, the UK’s key measure of inflation was unchanged as falling fuel prices offset a rise in the cost of food and clothing. Figures showed that the Consumer Prices Index (CPI) inflation rate remained at 2.6%, however July’s Retail Prices Index (RPI) rose from 3.5% to 3.6%. The fall in Sterling[...]
Revised forecasting figures from credit insurance provider Euler Hermes, in response to changes in market conditions, predicts an increase in corporate insolvencies to the end of the year. Their figures foretell a 1% increase in corporate insolvencies for 2016, compared with figures from 2015, as[...]
The Royal Bank of Scotland (RBS) is planning to cut 900 technology jobs at its London offices by 2020 in a bid to reduce costs, according to the Unite Union. It has been alleged that RBS is intending to cut 40% of its permanent IT staff equalling 650 jobs as well as 230 contractors. The bank has[...]
