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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Banks treating small fintech start-ups ‘unfairly’

Business
Banks treating small fintech start-ups ‘unfairly’ 3rd July 2019 Experts are warning fintechs to exercise caution when considering takeover offers from big banks, as reports of SMEs being taken advantage of increase. Several senior fintech executives have pointed to recent
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Britain’s oldest builder folds.

Business
Britain’s oldest builder folds. 03/07/2019. Britian’s oldest builder has folded as a business (sadly, not just his arms as our picture suggests). R Durtnell & Sons Limited, Britain’s oldest builder is no more having issued notices to all known creditors
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Suspended Equity Income fund 40% illiquid

Finance and Legal
Suspended Equity Income fund 40% illiquid. 02/07/2019. Nearly half of the Equity Income fund run by leading UK fund manager Neil Woodford was invested in “illiquid” stocks by the end of 2018, it has emerged one month after the fund
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