Monsoon seeks CVA to stay afloat – updated 04/07/19.

Business
Monsoon seeks CVA to stay afloat. Monday 24th June 2019. – updated 04/07/19. Update 04/07/19 – Monsoon Accessorize granted rent cuts Creditors at Monsoon Accessorize have approved the retailer’s company voluntary arrangement, which asked for rent reductions of up to 65% at
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Construction output suffers steepest decline since 2009.

Business
Construction output suffers steepest decline since 2009. Builders have suffered the sharpest slump in more than a decade as new orders for homes, commercial property and civil projects all fell last month. UK Businesses are delaying new construction projects or
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Manufacturing downturn deepens

Business
Manufacturing downturn deepens. 1st July 2019. The UK manufacturing PMI has fallen to its lowest level since February 2013 as the manufacturing downturn deepens. The June IHS Markit/CIPS UK manufacturing purchasing managers’ index (PMI) showed a reading of 48, down
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Consumer Spending growth set to slow

Business
Consumer Spending growth set to slow 25th June 2019. Analysis by EY Item Club suggests consumer spending growth will slow from 1.8% in 2018 to 1.6% in 2019 and 1.7% in 2020. The report also suggests employment growth will slow
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UK hit by a cold front – literally and financially

Business
UK hit by a cold front – literally and financially James Salmon 21st June 2019. May was miserable and June hasn’t been much better. It seems the traditional April showers have decided to settle and make a summer of it.
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