United Kingdom

http://www.independent.co.uk/news/business/news/royal-mail-reveals-profits-boost–but-vince-cable-says-no-alternative-to-privatisation-8625031.html Royal Mail reveals profits boost – but Vince Cable says ‘no alternative’ to privatisation Business Secretary believes organisation faces ‘fundamental threat’ from email and must be reformed Sam Lister | Tuesday 21 May 2013 Business Secretary Vince Cable today insisted there is “no alternative” to controversial plans privatising the Royal Mail. The organisation faces… Continue Reading

http://www.independent.co.uk/news/business/news/marks-and-spencer-announces-largest-fall-in-profits-in-four-years-but-says-investors-are-still-on-its-side-8624815.html Marks and Spencer announces largest fall in profits in four years, but says investors are still on its side James Thompson  | Tuesday 21 May 2013 Marks & Spencer today mounted a vigorous defence of its strategy after its profits tumbled for the second consecutive year. The retail bellwether’s bottom line has been hit… Continue Reading

http://www.insidermedia.com/insider/midlands/90655-waverley-creditors-miss-out?utm_source=eastmidlands_newsletter&utm_medium=top_story_article&utm_campaign=eastmidlands_news_tracker Less than 10p in the £1 for Waverley creditors Last updated: 21st May 2013 | By Laurence Kilgannon The estimated amount a host of well-known names in the drinks industry are expected to receive following the collapse of Waverley TBS has been revealed in a new report by administrators of the Chesterfield-headquartered drinks supplier.… Continue Reading

http://www.insidermedia.com/insider/wales/90633-lights-out-solar-panels-company?utm_source=wales_newsletter&utm_medium=companies_article&utm_campaign=wales_news_tracker Solar panels company enters administration Last updated: 21st May 2013 A Cardiff-based solar panels company, which posted a near £7m turnover in its last financial year, has entered administration and ceased trading. Joint administrators Tim Ball and Keith Morgan from Mazars are now handling the affairs of PV Solar Solutions Ltd and looking for… Continue Reading

http://www.insidermedia.com/insider/yorkshire/90432-waverley-creditors-get-less-10p-1?utm_source=yorkshire_newsletter&utm_medium=top_story_article&utm_campaign=yorkshire_news_tracker Waverley creditors to get less than 10p in the £1 By Laurence Kilgannon | Last updated: 21st May 2013 The estimated amount a host of well-known names in the drinks industry are expected to receive following the collapse of Waverley TBS has been revealed in a new report by administrators of the Chesterfield-headquartered drinks… Continue Reading

http://www.lexology.com/library/detail.aspx?g=27d02866-f4d4-4470-9a36-3ad1bed77735 Eurosail — has the balance been redressed? May 15 2013 Eurosail’s journey has come to an end: the Supreme Court rejects the “point of no return” test, returns to balance sheet basics. John Houghton, European Head of Restructuring and Co-Global Chair of Bankruptcy and Restructuring remarks: “The balance sheet test is an essential foundation… Continue Reading

http://www.lexology.com/library/document.ashx?g=c2acf36a-5913-4534-8fc8-8bf055161a4f#page=1 UK SUPREME COURT CLARIFIES THE “BALANCE-SHEET” INSOLVENCY TEST16 May 2013 The Supreme Court has delivered a judgment providing welcome clarification on the construction and effectof section 123(2) of the Insolvency Act 1986 (the “balancesheet” insolvency test) and its interaction with section 123 (1)(e) of the Act (the “cash flow” insolvency test). The decision is… Continue Reading

http://www.guardian.co.uk/politics/2013/may/20/scottish-independence-threaten-banking-jobs Scottish independence could threaten thousands of banking jobs Finance and banking jobs in Scotland would be at risk if major firms opt to pursue larger markets in England, warns Treasury Severin Carrell, Scotland correspondent guardian.co.uk, Monday 20 May 2013 The Treasury has claimed that thousands of Scottish banking and finance jobs could shift to… Continue Reading

http://www.guardian.co.uk/business/2013/may/20/ftse-reaches-12-year-high Britain is booming? FTSE reaches 12-year high as record looms Index rises to levels last seen before dotcom bubble burst, fuelled by a relatively calm eurozone, QE, low interest rates and rising confidence in Japan Nick Fletcher and Phillip Inman guardian.co.uk, Monday 20 May 2013 Shares in London have reached levels last seen at… Continue Reading

http://www.insidermedia.com/insider/yorkshire/90532-?utm_source=yorkshire_newsletter&utm_medium=deals_article&utm_campaign=yorkshire_news_tracker Law firm acts on architect rescue deal Last updated: 20th May 2013 Specialist architects’ firm HLM Architects, which has an office in Sheffield, has acquired the Llewelyn Davies brand in a rescue deal. HLM was advised by the Sheffield office of law firm Irwin Mitchell. HLM said Llewelyn Davies has established a reputation over… Continue Reading