FSA launches consultation on financial recovery plans
The Financial Services Authority (FSA) is consulting on plans aimed at avoiding another banking crisis and reducing reliance on taxpayer support. A…
Corporate Insolvency
BRC calls for action to prevent retail spending paralysis
The British Retail Consortium (BRC) is calling for action to prevent "paralysis" in retail spending, as conditions for traders remain…
Corporate insolvencies up 1.1%
New figures from accountancy firm PricewaterhouseCoopers have revealed an increase in corporate insolvencies during the second quarter of the year.…
Presbyterian Mutual Society rescued from administration
A rescue package has seen customers of the Presbyterian Mutual Society handed compensation after the organisation entered administration three years…
Barren business credit landscape could lead to insolvencies
Small and medium-sized enterprise (SME) owners have been warned to be careful in what measures they take to combat the lack of credit available to…
Rising costs causing concern for small firms
Rising costs are causing serous concern among the UK's small businesses, according to research by the Centre for Economic and Business Research…
Retail administrations on the rise
It's been a difficult time for retailers in recent months as consumers remain cautious, reluctant to overspend in an environment of tough…
HMV offered a financial lifeline
The music and movie chain has been offered a lifeline by banks including the Royal Bank of Scotland and Lloyds Banking Group, however analysts and…
