This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close




COMMENT: What to expect this Rent Quarter Day

Monday is the deadline for quarterly rent payments, where three months’ rent is paid in advance for commercial and retail properties. Read full story

Citizens Advice picks up £9.5m in funding

Consumer minister Jo Swinson has confirmed she is allocating £9.5 million of additional funding to the Citizens Advice Bureau (CAB). Read full story

Metis announces manufacturing appointment

Intellectual asset specialist Metis Partners has been chosen to assist in the marketing and sale of the intellectual property owned by Philidas Limited, a market leading brand within the fastener manufacturing sector. Read full story

Leonard Curits confirms Merchant House sale

Merchant House Financial Services – an IFA subsidiary of the Merchant House Group – has entered administration with Leonard Curtis appointed to handle the case. Read full story

Co-op Bank declares £662m loss

The banking arm of the Cooperative Group has announced a statutory loss of £662 million for the full year of 2012, compared to a profit of £138 million in 2011. Read full story

Harrisons picks up 4th SAR case

The Financial Services Authority (FSA) has confirmed that Fyshe Horton Finney Stockbrokers has entered the Special Administration Regime (SAR) on 20 March 2013. Read full story

BUDGET 2013: Fuel duty rise cancelled

The Budget contained good news for motorists as the Chancellor announced that September’s 3p increase in fuel duty is cancelled. Read full story

Budget 2013: £130bn boost for mortgage lending

The chancellor George Osborne has today revealed radical plans to help would-be house buyers get onto the property ladder, including a pledge to back £130bn worth of mortgage lending. Read full story

BUDGET 2013: Miliband tears into 'Bullingdon' Budget

Ed Miliband ripped apart George Osborne’s MP Budget this afternoon in which he claimed the ‘downgraded chancellor’s harsh medicine was resulting in no progress. Read full story

BUDGET 2013: SME allowance confirmed

Small businesses are to be given a new allowance which will mean no employer tax payments are liable for staff hired on less than £22,000 a year. Read full story

BUDGET 2013: AIM stamp duty abolished

Shares traded on the Alternative Investment Market (AIM) are to benefit from the abolition of stamp duty on trades. Read full story

BUDGET 2013: Public sector 'progression pay' hit

Public sector workers who had previously benefitted from automatic increases in their wages (known as progression pay) are to see their pay frozen. Read full story

BUDGET 2013: Growth slashed to 0.6%

Chancellor George Osborne MP admitted the economic recovery is ‘taking longer than anyone had hoped’ after the Office of Budget Responsibility (OBR) said growth would be around 0.6% in 2013. Read full story

BUDGET 2013: What to watch

Click here to read the Insolvency News guide for what to watch for in this year’s Budget. Read full story

£330m earmarked for MF Global clients

More than £330 million (US $500 million) is to be returned to customers of failed broker dealer MF Global. Read full story

OFT swoops to close payday lender

Payday lender MCO Capital Limited has had its consumer credit licence revoked by the Office of Fair Trading (OFT) and is no longer permitted to make loans to UK consumers from today. Read full story

BIS pushes for disqualification of company director

The Insolvency Service has confirmed the Department of BIS is seeking the disqualification of a director after the company of which he was a director collapsed. Read full story

Fairpoint profits rocket 87%

Fairpoint Group – the debt management and IVA group – has confirmed adjusted pre-tax profits of £7.6 million for the full year ending December 2012, up from the £4 million declared for 2011. Read full story

Leonard Curtis collects Butcher and Barrel administration

Leonard Curtis Business Solutions Group has been appointed joint administrators to Butcher and Barrel Limited. Read full story

Dr Who TV firm collapses

The television company responsible for special effects on television shows Doctor Who, Being Human and Spooks is to be wound up. Read full story