UK retail sales rebound after Christmas slump; company insolvencies rise business live – The Guardian

Good morning, and welcome to our rolling coverage of business, the financial markets and the economy. With Britain now in a technical recession, economic data will be closely scrutinised for signs that the downturn could be ending. And the latest retail sales figures, just released, show that retail sales across Great Britain grew at the…

Former adviser Kerry Nelson declared bankrupt – FTAdviser – FT Adviser

Former Nexus Independent founder Kerry Nelson has been declared bankrupt, official records show. The Gazette has been updated to show a bankruptcy order for Kerry Kathleen Nelson, as at November 2023, ‘occupation unknown’, of Stroud Green Lane, Fareham. The filing was made in the county court at Portsmouth. A spokesperson for the Official Receiver’s office…

Personal Guarantors Insolvency: IBBI Mandates RPs To Submit Reports To Creditors, Debtors – NDTV Profit

In a bid to strengthen the resolution process pertaining to personal guarantors, the Insolvency and Bankruptcy Board of India has mandated resolution professionals to provide a copy of its report containing recommendations to both creditors and debtors. Under the Insolvency and Bankruptcy Code, a resolution professional is required to submit a report before the adjudicating…

Company shut down after consumers hit by direct debit scam – GOV.UK

The company deceived consumers into signing up to a subscription charging them almost 30 a month Paragrim Ltd tricked consumers into signing up to the Mediacraze.net website  Consumers were charged a monthly direct debit without their permission and which they were unable to easily unsubscribe from  Insolvency Service investigations found no evidence the website provided…

Ritzenhoff glass tableware company files for insolvency – Glass International

Glass tableware manufacturer Ritzenhoff has filed for insolvency under self-administration due to economic challenges. The company is well-known for its colourful designs on drinking glasses that can be found in many German households. The company said the move was part of a strategy for the long-term stabilisation of the company amid ongoing business operations. It…

Fin service providers must have regulatory nod for liquidation: IBBI – Business Standard

Against this backdrop, the regulator has directed that in case of a FSP, the liquidator concerned should declare the category under which the particular FSP has been notified by the central government Liquidators need to ensure that financial service providers have the requisite permission from their respective regulator before commencing voluntary liquidation process under the…