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UPDATED: Punch restructuring plan rejected

The special committee set up by the Association of British Insurers (ABI) to represent lenders of Punch Taverns has rejected the chain’s revised restructuring plan. Read full story

Caithness Stone Industries enters administration

Caithness Stone Industries Ltd, a leading quarrier and processor of Caithness stone, has gone into administration. Read full story

Zolfo acquires asset specialist

Zolfo Cooper has confirmed the acquisition of Dock Street Capital Management UK LLP as part of the expansion of its financial advisory and restructuring services practice. Read full story

Postlethwaites banned for 23 years

Three family members who ran a Liverpool-based haulage company have been disqualified from acting as directors of a company for a total of 23 years. Read full story

Milsted Langdon grows with merger

Chartered accountancy firm Milsted Langdon has continued its expansion after merging with fellow Bristol-based firm Geoff Gollop & Co Ltd. Read full story

New Look returns to profit with online sales

Debt-laden fashion retailer New Look has returned to profit, reporting full year pre-tax profits of £3.1m, compared with a loss of £55m in 2012. Read full story

Ticket scam artist banned for 13 years

The director of five companies that sold non-existent tickets for music festivals has been banned for 13 years following an investigation by The Insolvency Service. Read full story

Liquidated charity bequeaths funds

Four charities are set to receive a windfall following the liquidation of non-profit organisation Sheffield Crossroads Ltd. Read full story

Funding For Lending down

New figures show that net lending has fallen by £300m during Q1 2013, despite the launch of the Funding for Lending Scheme (FLS). Read full story

FRP hires four from Baker Tilly

Restructuring and recovery firm FRP Advisory has hired four new partners from Baker Tilly Restructuring and Recovery. Read full story

Private equity firm pays Dreams' creditors

Private equity group Sun European Partners LLP has paid 75p in the £1 to trade creditors of embattled bed retailer Dreams, following the pre-pack administration. Read full story

Gastro-pubs rescued from administration

Begbies Traynor has confirmed the sale of two gastro-pubs out of administration following its appointment to Powder Train LLP. Read full story

Cloughs secures pre-pack of textile firm

Textile machinery company Cobble Blackburn Limited has been sold in a pre-pack deal to Belgian group Van de Wiele. Read full story

Payday calls soar at National Debtline

The National Debtline took more than 20,000 calls about pay day lending-related debts in 2012 – almost double the previous year. Read full story

Construction boss banned for seven years

The director of a construction company has been banned from acting as a company director for seven years for failing to submit company books and records to liquidators and failing to pay tax. Read full story

North East businesses hit hard in Q1

Businesses in North East of England continue to struggle with low employment rates, according the English Business Survey for March. Read full story

"Essential" spending drives confidence

Consumer confidence has grown to a record-equalling high according to a new report, largely driven by increases in essential spending. Read full story

“Portas Pilots” suffer one year on

The ‘High Street Champions Scheme’ fronted by renowned retail redhead Mary Portas has seen more shop closures than openings one year after launching. Read full story

Mazars appoints six from RSM Tenon

RSM Tenon has lost six partners to East Midlands rival Mazars, including Nottingham managing partner Alistair Wesson and Leicester office managing partner Chris Darlington. Read full story

One in five shops to close by 2018

The Centre for Retail Research (CRR) has warned that one in five UK high street shops could close in the next five years, leading to further administrations and job losses. Read full story