Insolvency up by 16.5% from last month

The number of company insolvencies in September 2023 was 16.5% higher than the same month last year, according to official data published last week by The Insolvency Service. Corporate insolvencies decreased to a total of 1,967 compared to August's total of 2,319, but...

UK economy recovery slows in August

Britain's economy partially recovered in August, with a marginal growth of 0.2% following a sharp fall in July. This slow growth has fuelled expectations that the Bank of England's (BoE) Monetary Policy Committee will vote to maintain its base interest rate at 5.25%...

Industry backlash at HS2 U-turn

Leading business organisations have criticised the Government's decision to scrap the northern leg of HS2, despite its promises to divert £36bn into new transport in the Midlands and north of England. High-Speed Rail Group, which represents rail and engineering firms,...

Plans for reducing company carbon emissions announced

A Treasury task force explained today (9 Oct) how listed companies and financial firms will have to outline plans to cut carbon emissions in the transition to a 2050 net-zero economy. The plans dovetail with pre-existing mandatory climate standards, which is set to be...

Metro Bank shares plunge after seeking finance

Metro Bank's shares lost up to a third of their value after recent reports showed it is seeking to raise £600 million to bolster its finances. While Metro Bank did not comment on the figure, it sought to reassure its investors about its financial position on Thursday...