Sir Bradley Wiggins has been declared bankrupt and could be forced to hand over his medals and trophies after falling into financial difficulties. 

The eight-time Olympic medallist was declared bankrupt at Lancaster county court on June 3, according to The Times, following years of money troubles with numerous business ventures over the years. 

Wiggins Rights Limited, a company owned by ­Wiggins, his former wife Cath and his mother Linda, entered voluntary liquidation in 2020 with debts of £650,000. 

These debts later increased to just under £1 million in 2022 and by November 2023, creditors claimed this had not been paid, which they warned would likely lead to him being declared bankrupt. 

Trustees could now be appointéd to seize…

In October 2024, the number of registered company insolvencies in England and Wales was 1,747, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year. However, company insolvency numbers also remained much higher than levels seen during the Covid-19 pandemic and between 2014 and 2019.

The construction industry experienced the highest number of insolvencies in the 12 months to September 2024, reaching a total of 4,264.

Commenting on the latest construction insolvency statistics Kelly Boorman, national head of construction at RSM UK, said: “Challenges remain for the construction industry following the collapse of several major firms in recent months, with businesses of all sizes anticipating…

President Donald Trump tapped Elon Musk to speak at the top of the first full Cabinet meeting on Wednesday to discuss the progress made by the Department of Government Efficiency (DOGE). 

Musk, standing in his signature black suit jacket with a T-shirt underneath, spoke at the meeting in which the media was present and made some clarifications about what he and DOGE are doing, as well as a recent email sent to government employees.

“I actually just call myself a humble tech support hero,” Musk stated. “As crazy as it sounds, that is almost a literal description of the work of the DOGE team is doing is helping fix the government computer systems,” he said, saying the computer systems are “extremely old” and there are many mistakes in the…

Elon Musk grabbed center stage at the first cabinet meeting of President Trump’s second term — despite not heading an actual Cabinet department — saying “America will go bankrupt” without his budget-slashing efforts.

Wearing a black MAGA cap and “Tech Support” T-shirt, the billionaire first buddy told the president and assembled agency leaders that he would continue implementing deep cuts across the federal government.

“We cannot sustain as a country $2 trillion deficits,” Musk said. “If this continues, the country will become de facto bankrupt. I It’s not an optional thing. It’s essential.”

Musk defended his controversial mass “what did you do last week?” email to millions of federal employees, calling it a…

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The views expressed represent the investment team’s assessment of the market environment as of May 2024, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. Views are subject to change without notice.

This market commentary has been prepared for general informational purposes by Macquarie Asset Management (MAM), the asset management business of Macquarie Group (Macquarie), and is not a product of the Macquarie Research Department. This market commentary reflects the views of the investment team and statements in it may differ from the views of others in MAM or of other Macquarie divisions or groups, including Macquarie Research….