U.K. economy shrinks as factory output falls most since 2002

Business
The U.K. economy shrinks as factory output falls most since 2002. James Salmon – 10th June 2019. In figures released this morning factory output was shown to have fallen the most since 2002 causing the U.K. economy to shrink. Manufacturing
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Green in final attempt to save Arcadia as retail industry suffers yet more woe

Business
Green in final attempt to save Arcadia. 10/06/19. Arcadia Group owner Sir Philip Green has offered to provide landlords an additional £30m in funding to lessen the impact of proposed rent reductions, after failing to secure support for a CVA
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UPDATE: Monsoon holds back rescue plan

Business
UPDATE: Monsoon holds back rescue plan 7/6/19 Peter Simon, the owner of the Monsoon and Accessorize retail chains, has delayed plans for a CVA after landlords failed to back a similar plan for Arcadia. The CVA, led the by Deloitte,
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Arcadia postpones CVA vote

Business
Arcadia postpones CVA vote. 7th June 2019. Arcadia Group and its advisors at Deloitte have postponed a meeting of suppliers, landlords and other creditors voting on seven CVAs until 12 June, amid reports that landlords at Aviva, M&G and Intu
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British Steel collapses into insolvency – updated 07/6/2019.

Insolvencies
British Steel collapses into insolvency. 22/5/2019 (updated 07/6/19). British Steel collapses into insolvency after talks with the government over a bailout talks failing. Just yesterday we wrote the article “Government in talks to save British Steel”. But today British Steel
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