Following a nine-year battle, a High Court judge has agreed to stop the case between RBS and its disappointed shareholders. The majority of the RBS Shareholders Action Group of 9,000 investors has agreed to a £200m settlement sum, after the £12bn failure back in 2008. Thirteen per cent of the[...]
According to official figures released by the Office for National Statistics (ONS) the UK’s economy grew slower in the first three months of the year than originally expected. The figures now say that the economy expanded by 0.2% during the first quarter when it was expected to grow by up to 0.3%.
Royal Mail has delivered its results for the full year ending 26th March 2017. The results revealed that their annual profits have increased 25 per cent, due to better than expected growth. The company’s pre-tax profits rose to £335m from £267m in the year leading to March 2017 and revenues grew by[...]
Car giant Toyota has seen its profits fall for the first time in five years. The Japanese firm said that it sold more cars in the year to March 2017 than it had done in the previous 12 months, however higher costs and fluctuations in currency affected their results.
A new report from KPMG has revealed that the number of business failures in Scotland were down during the first three months of 2017. The report also found that the energy sector is stabilising. The data suggested that company insolvencies in Scotland dropped by 19 per cent, to 170, from 211 in the[...]
The creditor of high-end shoe retailer, Jones Bootmakers, is set to miss out on millions of pounds following the retailer’s rescue from administration by private firm, Endless.
Toshiba recently released its third-quarter earnings, one month after failing to meet the submission date for a second time. The company gained a one month extension following an expanding probe into its U.S. nuclear unit, Westinghouse in China. The delay in releasing the earnings caused shares in[...]
I’ve always subscribed to Mark Twain’s quote “never let the truth get in the way of a good story” so it’s always a pleasant surprise when the facts come out in support of the narrative.
An increasing number of UK companies are reviewing their credit insurance options following economic uncertainty triggered by the UK’s exit from the European Union. According to the British Insurance Broker’s Association (BIBA), the UK’s decision to leave the EU is the most immediate challenge for[...]
One of the comments that we frequently come across when introducing the idea of credit insurance to companies who currently carry their own risk regarding non-payment by trade debtors is that credit insurance only covers customers that are a ‘safe’ risk. This stems from a belief that credit[...]
