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Sky News
Business failures hit highest level since 2009 after end of pandemic support
Corporate insolvencies have reached their highest level since the aftermath of the great financial crisis, official figures show.There were 22,109 insolvencies in 2022, the highest figure since 2009 and an increase of 57% from 2021, when 14,059 businesses went bust. Businesses are reeling from the end of the pandemic support packages, which provided a lifeline …
Business
Sky News
Paperchase goes into administration with all jobs likely to be lost as Tesco buys brand
High street stationery brand Paperchase has officially entered administration with no buyers interested in acquiring the company’s brick and mortar shops and physical assets. As a result, all jobs are likely to be lost. There has however been interest in the intellectual property and company name, after Sky News exclusively reported earlier that Tesco was …
Business
Sky News
Predictions for the UK economy, digital investing and Veganuary ends
Ian King looks into a gloomy outlook for the UK, as the International Monetary Fund (IMF) says its economy will fare worse than any other developed country this year.Shanti Kelemen, chief investment officer at M&G Wealth joins Ian to talk about the turn to so-called digital wealth management.And on the final day of Veganuary, the …
Business
Sky News
Mortgage approvals at lowest level since early months of pandemic
The number of new mortgages approved has dropped for the fourth month in a row, to a low not seen since the early days of the pandemic. Mortgage approvals fell to 35,600 in December, the lowest number since May 2020 and down from 46,200 in November, according to data from the Bank of England. The …
Business
Sky News
Shop prices yet to hit their peak – despite record highs seen in January
Shop prices have yet to reach their peak – despite record highs seen in January, it has been warned.Prices are now 8% higher than they were last January, up from 7.3% in December and above the three-month average of 7.5%, according to the British Retail Consortium (BRC)-NielsenIQ Shop Price Index. Overall food inflation rose to …
Business
Business Live
Recruitment agency opens new Black Country office
A recruitment agency has relocated to a new Black Country office as part of its expansion plans. The Swift Temps team is now housed at Pure Offices in Broadwell Road, Oldbury. The firm, which was founded in 2016 by Worcestershire native Damian Lee, has nine offices across the Midlands and North West including in Coventry, …
Business
Business Live
Appointments and promotions from across the East Midlands
Here is the latest list of movers and shakers from companies and major organisations across the East Midlands: PwC: PwC has appointed Alex Hudson as the new market senior partner for the East Midlands. Alex (pictured above) is a tax partner who has been with the firm since 2002. She will oversee the strategy and …
Business
Business Live
Why we need a high speed three rail network reaching Wales
The proposed HS2 high speed line from London to the Northern England was under discussion exactly ten years ago this week. However, building HS2 between Birmingham and Crewe/Manchester is not yet beyond the strategic evaluation stage and so not guaranteed. If it were, parts of North Wales around Wrexham would benefit through driving to Crewe. …
Business
Evening Standard
Demand for gold soars on “colossal” central bank buying
The price of gold is soaring as demand for the precious metal from both central banks and small investors rockets.Today the price of gold was at £1.548 an ounce, a rise of more than 16% on the year, as investors sought to protect themselves from runaway inflation.That’s a reflection of investor nerves about the future, …
Business
Evening Standard
2,100 jobs at risk as Tesco overhauls management roles and shuts counters
Tesco has announced a wide-ranging overhaul of its stores which will impact around 2,100 jobs.The UK’s largest supermarket chain said it will extend changes to store management roles, shut remaining counters and hot delis and shut a number of in-store pharmacies as part of the shake-up.Tesco said it is reducing the number of lead and …
Business
Business Live
Fees clear £10m for Bridge McFarland as property market activity spurs firm on
Fee income has passed the £10 million mark for prominent regional law firm Bridge McFarland. Annual results just published show a turnover of £10.7 million, up 18 per cent on the £9 million of work in the year to April 30, 2021. Founded in Grimsby in the mid-Seventies, where it maintains a strong presence, and …
Business
Business Live
Harworth Group CEO hails year of resilience – but warns of challenges ahead
The chief executive at Yorkshire land and property regenerator Harworth Group has hailed the group’s progress in challenging conditions last year – but warned of tough times ahead. The Rotherham group has posted a trading update for 2022, ahead of announcing full year results, in which it said demand had remained resilient throughout the year, …

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