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Lloyds rejects Project Verde ‘political pressure’

Lloyds Banking Group (LBG) bosses have today denied any political influence was behind the decision to accept the Co-operative Bank’s bid for 632 of its branches. Read full story

Ayr shopping centres enter administration

The Kyle Shopping Centre in Ayr and the nearby Arran Mall have both entered administration. Read full story

Covering the cost

With practitioners facing increasing public pressure to deliver the very best return to creditors, Insolvency Today asks IPs whether the insurance market is delivering value for money Read full story

Bankrupt cement boss banned

The director of a cement company has been banned from acting as a company director for nine years for running a company whilst bankrupt and diverting money from creditors. Read full story

Debt buyer in administration

Debt purchaser Equidebt has gone into administration, Credit Today can reveal. Read full story

FCA issues Harlequin 'caution' note

The Financial Conduct Authority has today released a statement urging potential and current investors to act with “common sense”. Read full story

RJA Foods assets sold

The business and assets of RJA Foods Ltd, which trades as PomeGreat, have been sold out of administration, giving the business a future, securing jobs and providing a substantial return for creditors. Read full story

Call for action on non-conforming payday lenders

An MP has proposed a private members bill against payday lenders who are alleged to be failing to honour promises to treat customers fairly and protect vulnerable consumers. Read full story

Father and son banned for 12 years

A father and son have been disqualified from acting as directors for six years each following an investigation by The Insolvency Service. Read full story

Co-op Bank announces £1.5bn rescue plan

The Co-operative Bank has announced a new £1.5bn rescue plan to address balance sheet deficiencies. Read full story

Britons launch businesses to supplement income

Over one and a half million Britons launched their own business in addition to working their main job over the past six months, according to data published today. Read full story

Holiday agent set for liquidation

A holiday agency specialising in villa holidays in Portugal is set to be liquated, leaving holidaymakers to cancel their trips. Read full story

Ticket tout director banned

A second director of a ticket touting company has been disqualified from acting as a director after acting as a front for an undischarged bankrupt. Read full story

Hearts to sell entire squad

Edinburgh-based football club Heart of Midlothian have today announced they will listen to offers for its entire first team squad. Read full story

D-Day set for Dunfermline decision

Creditors of Dunfermline Athletic Football Club will be able to put their questions to administrators on Wednesday next week, practitioners have confirmed. Read full story

Inquiry into Project Verde set to begin

An inquiry into the collapsed deal for the Co-operative Bank to buy hundreds of Lloyds Banking Group’s branches under Project Verde is to begin on Tuesday. Read full story

Wilson Field expands into Wales & South West

Turnaround and insolvency specialist Wilson Fields has announced the opening of three new offices in Wales and the South West region. Read full story

Debt firms wound up in public interest

Two Cheshire-based companies that claimed to offer debt management services to clients in financial difficulties, have been wound up on public interest grounds. Read full story

Retailer Dwell under the spotlight

Furniture chain Dwell is in the spotlight today amid rumours that Duff & Phelps may be called in to assist the firm. Read full story

Hilco buys Irish DVD chain

HMV-owner Hilco Capital has bought out Xtra-Vision, Ireland’s largest film and computer game rental retailer. Read full story