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Construction services firm Hercules secures funding for growth plans
Construction firm Hercules Site Services has said it has secured a debt facility of up to £15m to fund its growth plans. The Gloucestershire-based company said the three-year invoice discounting debt facility, provided by IGF Business Credit, would replace an existing facility of £11m from a previous provider. Like this story? Why not sign up …
Business
Evening Standard
WeWork shares plunge on reported plans to file for bankruptcy
Business
Euro News
WeWork files for bankruptcy: reports
Business
Sky News
ASOS predicts a second year of falling sales as losses widen
Shares in ASOS have fallen sharply after it forecast a second year of falling sales while reporting annual losses.The online fashion retailer’s stock fell by more than 6% following its update to the market, which was delayed by a week due to an auditors’ request for more time. The company has moved to turn around …
Business
Sky News
‘Constrained supply’ of properties aids return of house price growth in October
House prices rose at their fastest monthly pace since August last year during October, according to a report that cited “constrained supply” of stock in the market.Nationwide Building Society’s monthly index showed a 0.9% rise last month when compared to September’s flat performance, taking the annual rate to -3.3% from -5.3%. While Nationwide said a …
Business
Euro News
The controversies of company activism: How are businesses responding to the Israel Hamas war?
Business
Euro News
Israel’s economy recovered from previous conflicts with Hamas, but this one might hit harder
Business
Euro News
Markets wrap: Eurozone economy and BP earnings in focus
Business
Euro News
Russian oligarch Kuzmichev detained in France over money laundering and sanctions probe
Business
Sky News
Rail ticket office closures cancelled after government U-turn
The government has cancelled rail industry plans for the mass closure of ticket offices in England, saying they failed to reach the “high threshold of serving passengers”.The Rail Delivery Group (RDG) announced over the summer that it intended to shut almost all of the nation’s 1,007 train station outlets in an effort to reduce costs …
Business
Sky News
Gold to sell 10% stake in Premier League side West Ham
A stake of up to 10% in the Premier League football club West Ham United has been put up for sale, providing the latest test of international investors’ appetite for a slice of one of England’s top-flight clubs.Sky News has learnt that Vanessa Gold, daughter of the late businessman David Gold and a joint-chair of …
Business
Business Live
Distress levels rise for Humber businesses with state of the economy pushing many to the brink
High interest rates, together with persistently high inflation and a weakening economy, are combining to push increasing numbers of businesses across the Humber region to the brink. The latest Red Flag Alert data from leading independent business rescue and recovery specialist Begbies Traynor has found combined distress rates in the region had risen rapidly quarter …

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