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[...]
‘Profits Warnings’ are announcements by public companies that their performance is going to be below forecast and public companies have to release this information to alert shareholders to a weaker performance than expected. It’s a fair bet that trading difficulties amongst listed companies are[...]
According to analysis of insolvency data from the last twelve months, more than 90% of trade credit is uninsured, costing trade creditors an average of £450,000 per insolvency. More than half of the £80million of bad debt which occurs every week is owed to ordinary trade debtors, and each[...]
According to a new survey, a surge in export orders helped to lift manufacturing activity in July. The Markit/CIPS UK manufacturing purchasing index rose to 55.1 last month, up from 54.2 in June with figures above 50 indicating expansion within the index. The closely-watched survey found that[...]
