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Coniston Hotel (Kent) LLP, Re [2014] EWHC 397 (Ch) (30 January 2014)

Coniston Hotel (Kent) LLP, Re [2014] EWHC 397 (Ch) (30 January 2014) Neutral Citation Number: [2014] EWHC 397 (Ch) Claim No: No 5129 of 2010 IN THE HIGH COURT OF JUSTICECHANCERY DIVISION Claim No: No 5129 of 2010Rolls Building, 110 Fetter Lane, London EC4 1NL 30 January 2014 B e f o r e :… Continue Reading

Holgate & Anor v Reid & Anor [2013] EWHC 4630 (Ch) (20 February 2013)

Holgate & Anor v Reid & Anor [2013] EWHC 4630 (Ch) (20 February 2013) Neutral Citation Number: [2013] EWHC 4630 (Ch) Claim No. 2148 of 2012 IN THE HIGH COURT OF JUSTICECHANCERY DIVISIONMANCHESTER DISTRICT REGISTRY Manchester Civil Justice Centre1 Bridge Street WestManchester M60 9DJ 20th February 2013 B e f o r e : HIS… Continue Reading

Co-op Bank ‘confident’ it can raise £400m fresh capital without Group’s participation

Co-op Bank ‘confident’ it can raise £400m fresh capital without Group’s participation Nick Goodway | Friday 11 April 2014 The boss of the Co-op Bank insisted “confident” that it can raise the £400 million of fresh capital it needs from shareholders, even if Co-operative Group does not stump up its £120 million share of the… Continue Reading

Co-op Bank apologises and confirms £1.3bn losses

Co-op Bank apologises and confirms £1.3bn losses 11 April 2014 The Co-operative Bank has confirmed it made a loss of £1.3bn for 2013. The losses, in line with expectations, come after the bank’s failed bid to buy 632 branches from Lloyds Bank last year. The deal collapsed after the discovery of a £1.5bn black hole… Continue Reading

Co-op boss in line for £4.6m as bank losses hit £1.3bn

Co-op boss in line for £4.6m as bank losses hit £1.3bn Chief executive Niall Booker was paid £1.7m in 2013 and will be be paid another £2.9m this year, provided he can turn the troubled bank around Jill Treanor | The Guardian, Friday 11 April 2014 The banker brought in to salvage the Co-operative Bank… Continue Reading

Co-op bank reports £1.3bn loss and halts payments to former bosses

Co-op bank reports £1.3bn loss and halts payments to former bosses Graeme Evans | Friday 11 April 2014 The Co-op banking arm reported a £1.3 billion annual loss today as it warned its legacy issues will continue to hit its financial performance for some time. The business, which is now under the control of bondholders… Continue Reading

Co-op Bank’s Booker in line for £4.6m

Co-op Bank’s Booker in line for £4.6m 14 APRIL 2014 | FINANCIAL TIMES News of chief’s pay – which he stresses is tied to UK lender’s survival – comes as the bank warns it will not make a profit until 2016 at the earliest ….” http://www.ft.com/intl/cms/s/dd294a2c-c140-11e3-97b2-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fdd294a2c-c140-11e3-97b2-00144feabdc0.html%3Fftcamp%3Dpublished_links%252Frss%252Fhome_uk%252Ffeed%252F%252Fproduct%26siteedition%3Dintl&siteedition=intl&ftcamp=published_links%2Frss%2Fhome_uk%2Ffeed%2F%2Fproduct&_i_referer=http%3A%2F%2Ffeedly.com%2Findex.html#axzz2yoYZSksP

Spinningfields property owners enter administration

Spinningfields property owners enter administration Last updated: 11th Apr 2014 A group of property companies which own two of the most prestigious office blocks in Manchester have entered administration. Administrators from EY have been appointed to handle the affairs of four businesses owned by Matrix Spinningfields Ltd. The companies are members of a group whose… Continue Reading

West Cornwall Pasty Company rescue saves 270 jobs

West Cornwall Pasty Company rescue saves 270 jobs By Richard Frost | Last updated: 11th Apr 2014 A deal has been agreed to buy 35 West Cornwall Pasty Company outlets out of administration in a move that has saved 274 jobs. Enact, a £7.5m fund launched three months ago by private-equity house Endless, has chosen… Continue Reading

Late Payment causes 20% of insolvencies, says R3

Late Payment causes 20% of insolvencies, says R3 11 April 2014 Three in five insolvency practitioners say biggest problem in the construction sector Late payment by customers for goods and services is a primary or major factor in one-in-five corporate insolvencies, says R3, the insolvency trade body.A ComRes survey of R3 members also found that… Continue Reading