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Provident to buy bad credit car finance firm

Provident to buy bad credit car finance firm By Laurence Kilgannon | 14 Aug 2014 | INSIDER MEDIA LIMITED Provident Financial has agreed to acquire a bad credit car finance specialist in a £120m deal. The historic Bradford lender, which can trace its history back to 1880,….” http://www.insidermedia.com/insider/yorkshire/121335-provident-buy-bad-credit-car-financier?utm_source=yorkshire_newsletter&utm_medium=top_story_article&utm_campaign=yorkshire_news_tracker

Restructuring plans impact on outsourcing giants

Restructuring plans impact on outsourcing giants 14 August 2014 | INSOLVENCY NEWS Two of the UK’s largest private sector outsourcing firms, Serco and G4S, have reported the effects of on-going restructuring plans. Outsourcing giant Serco announced a pre-tax loss of £7.4m for first six months of 2014 on Tuesday (12 August), affected by “one-off” restructuring… Continue Reading

Monarch airlines plans to slash workforce by up to 30%

Monarch airlines plans to slash workforce by up to 30% 18 August 2014 | BBC NEWS Monarch Airlines may cut as many as 1,000 jobs as part of a major strategic review that aims to cuts costs and may lead to the end of long haul flights. The….” http://www.bbc.com/news/business-28833343

Ennis Construction calls in administrators

Ennis Construction calls in administrators INSIDER MEDIA LIMITED | NORTH WEST NEWS | 15 AUGUST 2014 A successor to a collapsed construction company has entered administration after being hit by contract delays and the rejection of a company voluntary arrangement (CVA) by its creditors. Ennis Construction Ltd….” http://www.insidermedia.com/insider/north-west/121304-cva-rejection-pushed-contractor-administration?utm_source=northwest_newsletter&utm_medium=top_story_article&utm_campaign=northwest_news_tracker

Administrators fight to save historic Black Country group

Administrators fight to save historic Black Country group By Edward Devlin | INSIDER MEDIA LIMITED | 15 AUGUST 2014 A Black Country group of engineering companies with a history of manufacturing boilers going back to the 1860s has called in the administrators. The situation has left the jobs of almost 100 staff hanging in the… Continue Reading

40 jobs at risk at Llandudno’s Homebase store

40 jobs at risk at Llandudno’s Homebase store 17 August 2014 | BBC NEWS Around 40 jobs at Homebase in Llandudno are at risk after the company announced it was considering closing the store. The site at the Mostyn Champneys retail park in the Conwy town is entering a period of consultation. A spokeswoman said… Continue Reading

Fire services facing bankruptcy after multi-million pound underpayments are discovered

Fire services facing bankruptcy after multi-million pound underpayments are discovered Aug 14, 2014 | By Ben Russell | BANKRUPTCY The miscalculation dates back to 2006 when changes to financial arrangements for injury payments to retired firefighters were made An accounting error could see fire services hit with multimillion-pound bills. The miscalculation dates back to 2006… Continue Reading

The unemployment figures expose the philosophy behind our economic recovery

The unemployment figures expose the philosophy behind our economic recovery Many people are enjoying neither good wages nor job security – the outcome of the UK government’s neoliberal philosophy Alex Andreou | theguardian.com, Thursday 14 August 2014 The labour market figures released today show unemployment continuing to fall and the employment rate rising. This is… Continue Reading

Credit firms warned over adverts

Credit firms warned over adverts FCA cautions against adverts for high-cost, short-term credit which don’t display risk warning or representative APR Press Association | The Guardian, Thursday 14 August 2014 Companies that offer consumer credit such as payday lenders, debt management firms and brokers must do more to make sure their advertising does not mislead… Continue Reading

United Kingdom: Charitable Companies Facing Financial Difficulties: A Refresher

United Kingdom: Charitable Companies Facing Financial Difficulties: A Refresher 11 August 2014 | Michael Arnott |Farrer & Co There had been much talk of an economic recovery since the start of 2014.  GDP is up; property prices keep rising; and there’s even a chance that interest….” http://www.mondaq.com/article.asp?articleid=333854&email_access=on