Corporate > Restructuring
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Sales decline continues at JJB
JJB Sports has published a 5.7 per cent decline in like-for-like sales for the five weeks ending 29 January 2012 on the same period in 2011, despite a much improved cash margin. _Read full story
Bristol City IP ensures Hooters bounces back
Hooters – the notorious entertainment bar – will remain open in Cardiff despite the venue’s previous proprietor entering administration. _Read full story
UHY Hacker Young lose bid for Portsmouth FC administration
PKF will now be the administrator of Portsmouth Football Club and not UHY Hacker Young after a court case brought by HMRC. _Read full story
National finance brokerage enters administration
Loan broker giant Norton Finance (UK) has entered administration, with Duff & Phelps appointed to handle the process. _Read full story
American Airlines to shed 13,000 jobs
American Airlines’ parent company has unveiled restructuring plans to slash around 13,000 jobs globally – 15 per cent of its workforce. _Read full story
Carbon company granted 4 week reprieve
An international carbon credit trading company was today given until 20 February to resolve its dispute with HM Revenue & Customs (HMRC) over alleged VAT and Corporation Tax non-payment._Read full story
S&P completely withdraws Euler Hermes' AA rating
Standard & Poor’s has withdrawn its AA long term counterparty credit and financial strength rating on the trade credit insurers of the Euler Hermes group._Read full story
Begbies offloads lossmaking division
Begbies Traynor has offloaded its insolvency and restructuring division in the Channel Islands to Grant Thornton for £250,000. _Read full story
Thousands of jobs saved in Barratts Priceless rescue
A deal has been struck to safeguard 89 stores and 1,184 jobs at troubled shoe retailer Barratts Priceless Group. _Read full story
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Peacocks and Bonmarché file for administration
Peacocks Group has officially confirmed it is to enter administration leaving the jobs of around 9,000 group staff hanging in the balance._Read full story
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