The number of businesses suffering “significant financial distress” is increasing at its fastest rate in three years, according to research from business recovery practice Begbies Traynor.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Brexit border chaos will cause huge delays and cost £1bn a year, says report
Analysis from economic consultancy Oxera says cost to UK of new customs checks and ensuing delays could amount to more than £1bn a year.
Worldpay and US suitor Vantiv haggle over UK HQ in £9bn merger
Worldpay and its American suitor are haggling over the future status of its British operations as they seek to finalise a £9bn takeover of the FTSE-100 payments giant.
HSBC shares shoot up on announcing up to $2bn share buyback
Shares in blue chip bank HSBC shot up more than two per cent this morning on the Hong Kong Stock Exchange, as it announced a share buyback programme which will return up to $2bn (£1.52bn) to shareholders.
Overdraft charges ‘must change’
The “status quo is not an option” when it comes to the fees banks charge for unarranged overdrafts, the UK’s financial services regulator has said.
British Airways owner IAG enjoys soaring profits despite computer chaos
British Airways owner IAG has reported a surge in profits, despite taking a hit from a major IT failure that caused travel chaos for tens of thousands of passengers in May.
Consumer confidence back at Brexit vote low
A closely-watched measure of consumer confidence says it returned to its Brexit vote low last month after the General Election.
BT profits dive by 40% after £225m payout over Italian scandal
Telecoms giant forced to pay Deutsche Telekom and Orange to settle claim relating to the sale of EE.
Barclays share price up after one-off costs cause £1.2bn loss
Barclays has reported an attributable loss of £1.2bn for the first half of the year, following one-off costs.
Amazon profits are sharply lower as it invests overseas
Amazon sales rose in the second quarter but profits plunged, as the e-commerce giant spent heavily in a bid to become the go-to shop globally for everything from food to television.
Metro Bank launches £280m fundraise as lending growth accelerates
Metro Bank tabled plans to raise up to £278m through a share issue after experiencing “strong and accelerating organic lending growth”, which had propelled it to its fourth straight quarterly profit.
Slight improvement as UK economy grows 0.3%
The UK economy grew by 0.3 per cent in the three months to June – up from 0.2 per cent in the previous quarter, official figures show.
Netherlands and UK are biggest channels for corporate tax avoidance
The two countries are conduits for 37 per cent of money heading to tax havens, most of which have strong links to Britain.
The government will ban the sale of all new petrol and diesel cars from 2040
The government is today due to ban the sale of all new petrol and diesel-fuelled vehicles from 2040, in a bid to tackle air pollution.
ITV hit by advertising slowdown
TV has blamed a fall in advertising revenue on “ongoing economic and political uncertainty”.