UK pay growth picks up Good morning, and welcome to our rolling coverage of economics, the financial markets and the world economy. UK pay growth has accelerated at the end of last year, bringing relief to workers and a headache for the Bank of England The latest employment data, just released, shows that total pay…
Company insolvencies in Scotland saw a 15% decrease in January 2025 compared to the same period last year. A total of 75 insolvencies were registered, comprising 37 Creditors’ Voluntary Liquidations (CVLs), 32 compulsory liquidations, and six administrations. No Company Voluntary Arrangements (CVAs) or receivership appointments were recorded. The insolvency rate for the 12 months to…
Scottish company insolvencies down 15% year-on-year Insider.co.uk Read the original article here
A first liquidator’s report into a Kiwi travel company’s breakdown reportedly shows it was issuing customers with fake plane tickets. Auckland-based travel company Travel Globe has left creditors more than NZ$230,000 ($221,637) out of pocket, according to a liquidator’s report, including customers who were issued with fake plane tickets. The company is owned and directed…
The failure rate of new businesses relative to total insolvencies is at its lowest level for more than a decade, according to new analysis from PwC. In 2024 startups accounted for 46% of total company insolvencies, the lowest proportion in a decade by a large margin – despite record levels of company incorporations over the…
Swindon & Wiltshire Economy Tuesday February 18 2025 Author Name: Peter Davison Insolvency-related activity has decreased in Wiltshire and the Thames Valley, says R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe showed a drop in insolvency-related activities from 203 in December to 172 in January. The figures include…
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Liberated Brands, the operator behind Quiksilver, Billabong, and Volcom, filed for Chapter 11 bankruptcy in February 2025, leading to the closure of all 124 U.S. retail stores and the layoff of approximately 1,400 employees. The move follows years of financial pressure exacerbated by the rise of fast fashion, declining discretionary spending, and shifting consumer behavior.…
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Embattled edtech firm Byju’s parent Think & Learn appeared close to coming out of its insolvency proceedings on November 18 when the Board of Control for Cricket in India (BCCI) requested the National Company Law Tribunal (NCLT) to consider its application to withdraw its plea against the firm. However, the matter extended further when on…