United Kingdom

http://www.bbc.co.uk/news/business-22949431# Lloyds ‘knew about’ black hole in Co-op Bank’s accounts 18 June 2013 The bosses of Lloyds Banking Group have told MPs that they knew there was a black hole in the accounts of the Co-operative Bank, four months before a vital deal with them collapsed. The Co-op had been due to buy 631 Lloyds… Continue Reading

http://www.insidermedia.com/insider/north-west/92448-?utm_source=lancashire_newsletter&utm_medium=top_story_article&utm_campaign=lancashire_news_tracker Daisy chief upbeat despite increased losses Last updated: 18th Jun 2013 Losses have widened at Lancashire business telecommunications company Daisy Group despite revenues passing £350m. The listed company said today (18 June 2013) that operating losses in the year to 31 March 2013 rose from £13.1m to £16.7m while pre-tax losses also increased, from… Continue Reading

http://www.insidermedia.com/insider/north-west/92364-?utm_source=northwest_newsletter&utm_medium=top_story_article&utm_campaign=northwest_news_tracker Losses increase at Bodycare parent Last updated: 18th Jun 2013 | By Tamlyn Jones The continuing turmoil on the high street has impacted Lancashire retail chains Bodycare and Grahams as losses increased at their parent company. The tide appeared to have turned 12 months ago when GR & MM Blackledge posted lower operating and… Continue Reading

http://www.insidermedia.com/insider/wales/92432-horsemeat-linked-company-enters-administration?utm_source=wales_newsletter&utm_medium=companies_article&utm_campaign=wales_news_tracker Horsemeat-linked company enters administration Last updated: 18th Jun 2013 A mid-Wales meat company which was implicated in the horsemeat scandal has entered administration. Administrators from Leonard Curtis Recovery were appointed to Farmbox Meats Ltd of Tynparc, Llandre, Bow Street, Ceredigion on 6 June 2013. Operations at Farmbox Meats were suspending on 12 February….”

http://www.insidermedia.com/insider/wales/92406-loss-customers-pushed-melloy-under?utm_source=wales_newsletter&utm_medium=top_story_article&utm_campaign=wales_news_tracker Loss of customers pushed Melloy under Last updated: 18th Jun 2013 A precision engineering business in Pontypridd entered administration after losing five of its top ten customers. Melloy Ltd, which appointed administrators from PwC in April, also had two potential buyers but no formal offer was received to rescue the company. A new report… Continue Reading

http://www.bbc.co.uk/news/uk-22947436# Army redundancies: Soldiers told of fate 18 June 2013 Nearly 4,500 Army personnel are being told they have been made redundant in the third and biggest round of job cuts since the 2010 defence review. They are part of a long-term plan to cut the number of regular soldiers from 102,000 to 82,000. The… Continue Reading

http://www.crikey.com.au/2013/06/18/co-operative-model-fails-leaving-uk-banks-looking-shaky/ Co-operative model fails, leaving UK banks looking shaky Glenn Dyer| Jun 18, 2013 The collapse of the Co-operative Group banking firm in the UK shows the banking sector remains the biggest worry in a still faltering European economy. A nasty reminder from the financial meltdown in Britain overnight that the country’s banking industry remains… Continue Reading

http://www.independent.co.uk/news/business/news/troubled-cooperative-bank-unveils-rescue-plan-to-plug-15bn-hole-in-balance-sheet-8661275.html Troubled Co-operative Bank unveils rescue plan to plug £1.5bn hole in balance sheet No taxpayers’ money will be involved in the rescue Nick Goodway | Monday 17 June 2013 The Co-operative Bank has unveiled a rescue plan without any injection of cash from the taxpayer in a bid to plug a £1.5 billion hole… Continue Reading

http://www.irishtimes.com/business/economy/ireland/legal-services-a-drag-on-ireland-s-competitiveness-1.1432296 Legal services ‘a drag on Ireland’s competitiveness’ Message is contained in the Commission’s unpublished spring 2013 review of Ireland’s bailout programme 18 JUNE 2013 The Government has been warned by the European Commission that the legal profession is a “drag on the economy’s competitiveness” because it remains “sheltered from competition”. The message is contained… Continue Reading

http://www.bbc.co.uk/news/science-environment-22913559# Climate change overseas likely to affect UK food supplies By Roger Harrabin Environment analyst | 16 June 2013 Climate change abroad will have a more immediate effect on the UK than climate change at home, a report says. Research by consultants PWC for Defra says the UK is likely to be hit by increasingly… Continue Reading