21 h. ago Thames Water creditors pledge more investment to try to seal rescue deal

Bondholders also intend to inject more equity into the utility as it seeks to avert nationalisation

Economics

21 h. ago Thames Water creditors outline £20.5bn investment aims under rescue plans

The London & Valley Water consortium is pledging to ‘fix the foundations’ of Thames Water with the mammoth spending proposal put forward to Ofwat.

Economics

3 d. ago UK chasing £90m in taxes from temp staffing firm rescued from insolvency

The £18m deal to acquire Challenge Recruitment Group assets from administration repaid private funders in fullThe UK exchequer is chasing about £90m in unpaid taxes after a temporary staffing business was rescued from insolvency proceedings in an £18m deal that reimbursed private funders in full.The main assets of Challenge Recruitment Group, which counted Tesco, Sainsbury’s and Co-op among its top customers, were acquired from administration in July by the US website swipejobs, in what appears to be the second time the British staffing business has emerged from insolvency while owing tens of millions of pounds to the exchequer. Continue reading...

Economics

8 d. ago Poundland to close 12 more stores after narrowly avoiding being plunged into administration

The green light has been given for a rescue deal but 12 more Poundland stores are set to close including one in Scotland.

Politics

2 w. ago Claire's collapses into administration with Lanarkshire store at risk

Administrators will now attempt to find a rescue deal for the high street chain, which has seen falling sales due to recent weak consumer demand.

Events

3 w. ago £3m rescue deal saves historic George Hotel in Inveraray following administration

Administrators overseeing the sale of the historic 24-room Scottish boutique hotel have sold the hotel business, its contents and a residential dwelling to a duo of experienced hotel operators, Charlie Maclachlan and Sam Wignell of Fyne Hospitality, for £3.05m in a deal that will save up to 43 jobs in Inveraray.

Economics

4 w. ago Dramatic footage of migrants being rescued from Channel is released by Home Office to promote 'one

One video shows migrants jumping off an overloaded dinghy into the Channel and swimming towards a lifeboat, while in a second a child is seen being loaded into a winch and pulled to safety.

Events