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Corporate


JD Sports acquires Ark assets

Sports retailer JD Sports has acquired the business and assets of fashion retailer Ark out of administration, securing 160 jobs. Read full story


UK Coal prepack to save 2,000 jobs

The UK’s largest coal mining company, UK Coal Operations, is reportedly set for a state-backed pre-pack administration that would save 2,000 jobs. Read full story


£1.86bn lost for retail creditors

Retail suppliers and creditors are the biggest losers from retail insolvencies, collectively missing out on £1.86bn as a result of high-profile retail insolvencies. Read full story


Better news for construction sector

UK construction and leisure businesses have shown significant improvements in the levels of corporate insolvencies, according to latest figures. Read full story


Administrations up once more

The volume of companies going into administration and the number of individuals seeking low cost bankruptcy arrangements with lenders has risen sharply during the second quarter of 2013. Read full story


4,000 sign for Help to Buy scheme

The Home Builders Federation (HBF) has announced the Help to Buy equity loan scheme has begun successfully after launching on 1 April. Read full story


Electrical group hits the buffers

Mechanical and electrical contracting services provider Hilton Business Services Limited has entered administration, resulting in 63 redundancies. Read full story


Mid-market businesses bucking gloom

UK mid-market companies are close to matching the revenue growth of the German Mittelstand, according to GE Capital. Read full story


House prices nudge upwards 0.3%

UK house prices have risen 0.3% in June according to latest figures from Nationwide, 1.9% higher than June 2012. Read full story


Coventry City poised to exit administration

The sale of insolvent Coventry City Football Club to Otium Entertainment Group was confirmed yesterday. Read full story


Wonga stumps up funds for Hearts

Payday lender Wonga have handed embattled Heart of Midlothian football club a significant sum in sponsorship payments ahead of schedule. Read full story


Deloitte picks up retail case

Specialist model retail chain Modelzone has entered administration following Tuesday’s third-quarter rent day. Read full story


Online jewellery boss banned

The director of an online jewellery retailer has been disqualified from acting as a company director for five and a half years following an investigation by The Insolvency Service. Read full story


SPENDING REVIEW 2013: Crossrail 2 details considered

The government is to increase investment in the UK’s infrastructure, including a budget boost for the Department of Transport of 9%, as well as considering the Crossrail 2 project. Read full story


SPENDING REVIEW 2013: Warning issued on Welfare cap

Citizens Advice boss Gillian Guy has warned the government that imposing an artificial cap on welfare spending is a huge gamble. Read full story


SPENDING REVIEW 2013: HMRC budget cut 5%

Chancellor of the Exchequer George Osborne today announced HM Revenue & Customs’ (HMRC) resource budget will be cut by 5%. Read full story


SPENDING REVIEW 2013: Chancellor is 'Bungle' says Balls

Shadow chancellor Ed Balls came out fighting in his response to today’s Spending Review, accusing George Osborne of “failing”. Read full story


Investment firm wound up

A company selling carbon credits worth £1.7m to the public as an investment was wound up by the High Court for using misleading and high-pressure sales tactics. Read full story


Sports Direct saves camping retailer

Sports Direct has acquired a specialised camping and outdoor equipment retailer from receivership. Read full story


Pensions payoff to rise for axed staff

The amount of money which long-serving staff receive in retirement should their company fold will increase, it has been confirmed. Read full story