The number of restaurants in financial distress has rocketed by 143 per cent in the last six months as more struggling businesses turn to the Company Voluntary Arrangement (CVA) to curtail losses.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Canada retaliatory tariffs on US goods come into force
Canada’s countermeasures against the Trump administration’s steel and aluminium levies have come into effect.
Asda rations sale of fizzy drinks as national CO2 shortage continue to bite
Supermarket chain Asda is rationing the amount of some fizzy drinks that its online customers can buy as the national CO2 shortage continues.
High Street woes hit 22,000 jobs in 2018
Looking at recent shop closures and retail administrations more than 7,000 people have lost their jobs with a further 9,500 roles are due to go through planned shop closures
UK Lettuce growers warn of imminent shortage due to ongoing heatwave
There could be a shortage of lettuce in UK supermarkets as soon as the middle of next week, growers have warned.
Tata Steel deal with ThyssenKrupp ‘close to completion’ which could provide security for Port Talbot
Tata Steel and ThyssenKrupp are close to agreeing terms on a merger that will create Europe’s second-biggest steelmaker, after Arcelor Mittal.
John Lewis & Waitrose to rebrand so their partners help in retail awareness struggle
John Lewis and Waitrose are both set to add ‘& Partners’ to their names as the John Lewis Partnership looks to make more of their key points of difference amid wider struggles in the retail industry.
Sports Direct beats Apple in new global retailers’ list
Eyebrows have been raised by an influential survey that ranks Sports Direct above tech titan Apple as a firm “trailblazing in global commerce”.
Dr Dre hit with $25M bill to former headphone company partner
Dr Dre and music mogul Jimmy Iovine have been ordered to pay $25.2m (£19.2m) to a former partner in their headphone company, Beats.
Facebook tops 10 best-paying companies in the UK
Facebook has come top of a new list of the best-paying companies in the UK.
Pig welfare at risk as CO2 shortage bites food industry
Scotland’s biggest pig processor is set to run out of carbon dioxide on Tuesday, leaving it in danger of welfare issues such as overcrowding.
CO2 shortage: Britain’s biggest pub chain runs low on beer brands
Britain’s biggest pub group says some outlets are running out of certain beer brands as CO2 gas shortages continue to hit the food and drink sectors.
Ticketmaster customers warned their data may have been stolen
Ticketmaster UK customers’ personal and payment information may have been accessed in an online ‘security incident’ earlier this year, the ticket sales company has warned.
Graduates missing entrepreneurial skills needed to succeed
Survey reveals mismatch between what graduates and employers think are entrepreneurial traits.
Three quarters of Brits now say flexible working option is crucial
Four years on since the Flexible Working Regulations came in to play, three quarters of Brits now say that having the option to work flexibly is crucial when it comes to making a decision about a job offer.
