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Debt forces Angel Hotel owner to restructure

Debt forces Angel Hotel owner to restructure By Laurence Kilgannon | INSIDER MEDIA LIMITED | 09 OCT 2014 An inability to service loan and interest payments relating to debts in excess of £320m led to the restructuring of a group behind 21 hotels, including Cardiff’s Angel Hotel, new documents have revealed. Despite trading ….” http://www.insidermedia.com/insider/wales/125082-?utm_source=wales_newsletter&utm_medium=business_article&utm_campaign=wales_news_tracker

Payday lenders face further price comparison reforms

Payday lenders face further price comparison reforms Simon Read | 09 OCTOBER 2014 | THE INDEPENDENT The £2.8bn payday loan industy will be forced to sign up to an officially-recognised price comparison site, under new rules proposed by the Competitions and Markets Authority this morning. The aim will be to stimulate competition….” http://www.independent.co.uk/news/business/news/payday-lenders-face-further-price-comparison-reforms-9783638.html

Payday loans shaken up by competition regulator

Payday loans shaken up by competition regulator Competition and Markets Authority wants clearer fees and charges and for consumers to be able to compare deals online Sean Farrell | The Guardian | Thursday 9 October 2014 Payday lenders will be forced to give details of their products on price comparison websites to help potential borrowers… Continue Reading

Number of UK High Street shops falls sharply

Number of UK High Street shops falls sharply 8 October 2014 | BBC NEWS The number of shops on the High Street declined dramatically in the first nine months of this year, a survey suggests. Town centres saw 964 net closures between January and September, two-and-a-half times the….” http://www.bbc.com/news/business-29546101

Partners of collapsed Harrogate firm hit with SRA fines

Partners of collapsed Harrogate firm hit with SRA fines By Laurence Kilgannon | 03 OCT 2014 | INSIDER MEDIA LIMITED Two partners of a former Harrogate law firm have been fined by the Solicitors Disciplinary Tribunal (SDT) following a prosecution brought by the Solicitors Regulation Authority. Abode Solicitors partners….” http://www.insidermedia.com/insider/yorkshire/124778-?utm_source=breaking_news_newsletter&utm_medium=top_story_article&utm_campaign=breaking_news_tracker

‘Very sad day’ as Blackpool Airport closure confirmed

‘Very sad day’ as Blackpool Airport closure confirmed By Kaleigh Watterson | 08 OCT 2014 | INSIDER MEDIA LIMITED Blackpool Airport is to close next week after no buyer was found for the Lancashire site. Its owner Balfour Beatty said the airport had been loss….” http://www.insidermedia.com/insider/north-west/125058-very-sad-day-blackpool-airport-closure-confirmed?utm_source=northwest_newsletter&utm_medium=top_story_article&utm_campaign=northwest_news_tracker

Debt pile forces restructure at Hotel Collection

Debt pile forces restructure at Hotel Collection By Laurence Kilgannon | 08 OCT 2014 | INSIDER MEDIA LIMITED An inability to service loan and interest payments relating to debts in excess of £320m led to the restructure of a group behind 21 luxury regional hotels, new documents have revealed. Despite trading profitably,….” http://www.insidermedia.com/insider/midlands/125070-?utm_source=eastmidlands_newsletter&utm_medium=top_story_article&utm_campaign=eastmidlands_news_tracker

Wonga television ad banned over lack of interest rate information

Wonga television ad banned over lack of interest rate information Simon Read | PERSONAL FINANCE EDITOR | 08 OCTOBER 2014 | THE INDEPENDENT Struggling payday lender Wonga’s week just got worse – one of its television ads has been banned for failing to disclose the cost of borrowing. The news follows hard on the high-cost… Continue Reading

Insolvency in the fashion retail sector — understanding and managing the risks of an insolvent acquisition

Insolvency in the fashion retail sector — understanding and managing the risks of an insolvent acquisition October 1 2014 In our “Insolvency in the fashion retail sector: the risks and opportunities” article in the Q2 edition of Global Insight, we looked at the challenges the fashion retail industry faces today and the opportunities available….” http://www.lexology.com/library/detail.aspx?g=abd9d9de-8948-44a6-bff0-340695bac2b7

A ban on payday lending will not abolish human frailty

A ban on payday lending will not abolish human frailty BY JOHN KAY | FT | 07 OCTOBER 2014 The trick seems to be to allow enough legal leeway to keep social harm at modest levels Payday lending offers small sums for short periods of time….” http://www.ft.com/intl/cms/s/0/6bd0c55a-4d43-11e4-bf60-00144feab7de.html?ftcamp=published_links%2Frss%2Fhome_uk%2Ffeed%2F%2Fproduct#axzz3FWhNNhqo