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Co-operative Group: banks could sway the vote on reform of the board

Co-operative Group: banks could sway the vote on reform of the board Warnings over finances as well as the board’s backing may yet win a yes for Lord Myners’ proposals Posted by Nils Pratley | Friday 11 April 2014 Get ready for the biggest vote in the Co-op’s 170-year history. Amid the squabbles, resignations and… Continue Reading

The Co-op is an idea worth fighting for

The Co-op is an idea worth fighting for This is a group that does things democratically – despite its problems it shows us the way to do business Alex Andreou | The Guardian, Friday 11 April 2014 Troubled, embattled, beleaguered, ailing; all adjectives which increasingly have preceded the words “Co-operative Group” in the last few… Continue Reading

Kellingley and Thoresby deep mines to hit 1,300 jobs

Kellingley and Thoresby deep mines to hit 1,300 jobs 10 April 2014 Two deep pits are to close next year with the loss of 1,300 jobs after the government announced it was loaning UK Coal £10m for “managed closure”. UK Coal plans to close the pits at Kellingley, North Yorkshire, and Thoresby, Nottinghamshire. Business Minister… Continue Reading

OUTLOOK: Co-operation deficit at the Co op

OUTLOOK: Co-operation deficit at the Co op Ben Chu | Thursday 10 April 2014 Outlook There seems to be a co-operation deficit at the Co-op. On the one side are those who would like to see the group become more like a public company in its governance structure. Others are arguing this will undermine the… Continue Reading

People To People Group in administration

People To People Group in administration John Brazier | 10 APRIL 2014 Data Journalist at Athene Publishing People To People Group in administration 8 April 2014 insolvencynews.com Financial services business People To People Group Limited (P2P) has entered administration, with staff left unpaid. http://www.linkedin.com/groupItem?view=&item=5859240094166192131&type=member&gid=1841262&trk=eml-b2_anet_digest-null-2-null&ut=35pc3jiIndj6c1

Why Co-op’s woes are deepening

Why Co-op’s woes are deepening 9 April 2014 | Kamal Ahmed Sent on 7 March, the covering letter from the Midcounties Co-operative, was suitably polite. “If you would like further information on the points raised, please let me know.” The letter was to Lord Myners, the former city minister charged with coming up with a… Continue Reading

Independent Scotland would face immediate 23 billion pound debt – report

Independent Scotland would face immediate 23 billion pound debt – report Wed Apr 9, 2014 (Reuters) – An independent Scotland would face an immediate debt repayment of 23 billion pounds to the UK Treasury, British media reported, citing a leading economics research body’s estimate. According to newspapers including The Guardian, The Telegraph and The Times,… Continue Reading

Boost for Insolvency Service after it secures vital PIP deal

Boost for Insolvency Service after it secures vital PIP deal Charlie Weston, Personal Finance Editor – Published 01 April 2014 THE struggling Insolvency Service is set to get a massive boost from a new link-up which is likely to see thousands of debt write-down deals being processed through the system. David Hall’s Irish Mortgage Holders… Continue Reading

UK business distress hits record low – R3

UK business distress hits record low – R3 R3 – the trade body for Insolvency Professionals Press Release 08 April 2014UK business distress hits record low – R3 Signs of business growth near record highs British businesses concerned about failure to cut red tape burden since 2010 A record low of 33% of British businesses… Continue Reading

Announcement from Insolvency and Turnaround Network – Administrators’ commercial decision-making powers vs. ‘Unfair harm’ to creditors

Announcement from Insolvency and Turnaround Network – Administrators’ commercial decision-making powers vs. ‘Unfair harm’ to creditors 09 APRIL 2014 LinkedIn Groups Group: Insolvency and Turnaround Network Subject: Announcement from Insolvency and Turnaround Network – Administrators’ commercial decision-making powers vs. ‘Unfair harm’ to creditors Hocking and others v Marsden and another [2014]Pursuant to paragraph 74 of… Continue Reading