Auto Windscreens, which is the UK’s second largest windscreen repair and replacement company, has been placed into administration, putting more than 1,000 jobs at risk. Deloitte, which has been appointed as administrator for the Chesterfield-based company, said there were no funds with which it could continue trading. According to Deloitte, the company has suffered trading [...]
A report by accountancy firm Deloitte has revealed a slight fall in executive bonuses - at a time when some major companies have been facing backlash from their investors over the size of their remuneration packages. According to Deloitte, the average bonus for FTSE 250 executive directors is now 60% of salary - 10% lower [...]
According to a study by professional services firm Deloitte, 76% of companies in the UK, US and Europe have exceeded City forecasts when reporting their second quarter profits. As a result of the findings of the study which looked at 543 firms, Deloitte said companies are making “real progress” but warned that consumer incomes and [...]
Administrators at Jarvis, the railway maintenance company which entered administration last week, have announced they will shed 1,100 jobs at the ailing company. Deloitte said the job losses will affect workers at the head office in York, as well as in Doncaster, Glasgow, Leeds, Newcastle and Peterborough. Last week, Deloitte was called in to the [...]
Supermarket giant, Tesco, has announced a sharp rise in Christmas sales and follows strong sales from other major retailers, boosting hopes that the economy has finally emerged from recession. Tesco, which is the UK’s largest retailer, said it experienced its best Christmas in the UK for three years with total UK sales in the six [...]
A survey conducted by the accountant, Deloitte, has revealed that the chief finance officers (CFOs) of Britain’s leading companies are at their most confident for two years. According to its quarterly survey in which 128 CFOs were questioned, Deloitte found that finance chiefs are more confident and less worried about liquidity and the banking system. [...]
Just a few days after Irish pay-TV sports broadcaster Setanta lost the rights to show the English Premier League games, it has emerged today that the company has entered administration, despite the board‘s efforts to keep the company in operation. The move will affect around 200 employees in Britain. However, Setanta International and Setanta Ireland [...]
According to Deloitte, the UK manufacturing sector will help stimulate and drive the UK economy to the path of recovery. The latest report reveals that manufacturing could buffer the impact of a reduction in government and consumer spending. It is predicted that manufacturing could increase by 4 percent to 15 percent of the economy’s share, [...]
Alexon has announced that its fashion chain Bay Trading has entered into administration which will put 268 branches and over 1,000 jobs at risk. Alexon, the parent company, was keen to point out that its other brands Ann Harvey and Kaliko would not be affected by Bay Trading’s administration. Following the release of trading results [...]
According to business group, Deloitte, the retailing industry could face ‘one of the toughest in decades’ this Christmas as UK consumers tighten their purse strings. The organisation said the average consumer plans to spend 7% less than last year. In its 14th annual Christmas Retail Survey, Deloitte found that while 24% of UK consumers intend [...]
Over a quarter of consumers are looking to save money by cutting back on their insurance policies following the credit crunch. As a result, the insurance industry is facing a £1.5 billion according to a survey by business analysts, Deloitte. The survey, which was carried out last month by YouGov on 2286 adults, established that [...]
European equities markets were higher Tuesday as banks came back from big declines on Monday, helped by a statement from Societe Generale’s (Euronext: GLE) CEO that his bank is healthy. The FTSE 100 was up 0.87 percent to 5,174.25 in London, while the FTSE 250 added 0.27 percent to 10,011, with banks the best performers [...]
Rics: Housing market remains in the doldrums
The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in August with house prices falling further. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers continue to struggle to secure a mortgage and remain uncertain about the economic climate. The [...]
CML: Mortgage lending edges higher in July
The Council of Mortgage Lenders (CML) has reported the number of loans for house purchase rose in July. According to the Council, there were 48,400 loans advanced for house purchase in the month – up by 1,000 from June’s figure but almost 7,000 lower when compared with July 2010. Commenting on today’s figures, Paul Smee, [...]
UK inflation edges higher in August
The Office for National Statistics (ONS) today announced Consumer Price Inflation (CPI) rose to annual rate of 4.5% last month from July’s rate of 4.4%. However, the figure was in line with analysts’ expectations. Higher inflation continues to be led by rising food costs but the main reason behind last month’s rise was a 5.1% [...]
Fresnillo down on silver prices
European equities markets were lower Monday on the possibility that Greece could default soon and on speculation that Moody’s Investors Service could cut its rating on several big banks with holdings tied to Greece. The FTSE 100 was down 1.63 percent to 5,129.62 in London, while the FTSE 250 dropped 1.65 percent to 9,983.75 as [...]
IFS warns of tough times for UK households
A report by the Institute for Fiscal Studies (IFS) has warned that households will be squeezed for the next decade as they suffer from the harsh spending cuts introduced by the Government. It said households are suffering one of the worst attacks on their finances since the Second World War and that the impact of [...]
ICB final report recommends ring-fencing
The Independent Commission on Banking’s (ICB) final report has been published today and is recommending that UK banks should ring-fence their retail banking operations. According to the report, ring-fencing would protect banks from riskier investment banking divisions and would “make it easier and less costly to resolve banks that get into trouble”. The ICB, which [...]
Tullow Oil leads 100 in London
European equities markets were significantly lower Friday on an increased possibility that Greece could default on its debt as soon as this weekend, raising the concern level over the European region’s debt problems and ratcheting up worries that the economic recovery is faltering. Additionally, markets reacted to the resignation of European Central Bank board member [...]
SMMT: UK car sales rise in August
The Society of Motor Manufacturers and Traders (SMMT) have revealed UK car sales saw their first rise in 14 months in August. According to the trade body, car sales rose by 7.3% in August compared with the same month in 2010, with sales of smaller cars rising by more than 30%. The Ford Fiesta remained [...]
Factory gate inflation higher than expected in August
The Office for National Statistics (ONS) has today revealed UK producer output prices held steady in August – remaining at the highest annual rate since October 2008. According to the ONS, output prices (factory gate) annual inflation for all manufactured products held steady at July’s upwardly revised reading of 6.1% in August. The figures were [...]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Contact us
