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Corporate > Restructuring

Cooper Parry picks up Swan Windows

Tyrone Courtman and Nicholas Edwards of business advisory firm Cooper Parry have been appointed Joint Administrators of Scott & Hercock Limited. Read full story

PKF confirms store closures at Jacobs Cameras

Seven stores of Cecil Jacobs Ltd (trading as Jacobs Cameras) have been confirmed today by administrators at PKF Accountants. Read full story

Carpetright issues another profit warning

Carpetright has slashed its latest full-year profits forecast to between £3 million and £4 million due to a “weak and volatile” market. Read full story

Debenhams places 230 staff into consultation

Debenhams has confirmed it has put around 230 staff into consultation as it executes plans to outsource its customer contact centre to Capita Group. Read full story

Poundworld snaps up another 15 Peacocks stores

Poundworld has become the latest company to snap up around 15 stores from the insolvent retailer Peacocks. Read full story

Game enters administration as RBS mulls stake

Royal Bank of Scotland is reportedly mulling a plan to buy a stake in embattled retailer Game Group now it has entered administration. Read full story

Poundland rescues eight more Peacocks stores

Eight former Peacocks stores have been snapped up by Poundland with the low-cost retailer signalling its intention to consider the acquisition of further properties. Read full story

HMV confirms interest in HMV Live

HMV has confirmed press speculation that it has received interest from a number of parties following the strategic review of its concerts and entertainment business HMV Live. Read full story

In Depth: Peacocks Creditors' Report

Senior secured and unsecured lenders to Peacocks Group are “unlikely” to see all their money again, according to the official creditors’ report from KPMG. Read full story

Game Group confirms third party funding interest

Game Group has confirmed an interested party has requested permission to open talks with the group’s current lenders with a view to potentially providing additional funding. Read full story

AIB seeks to cut 2,500 staff

Allied Irish Banks (AIB) has confirmed it is looking to make 2,500 staff redundant as part of plans to reduce staffing costs by £142 million (€170 million) over the next year. Read full story

Game Group withdraws from Comet stores

Game Group has confirmed it is reducing its exposure to physical retail space by axing the concessions it has with electrical retailer Comet. 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

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

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

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

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