UK Business News

Scotland’s biggest airline FlyGlobeSpan has mounted an operation to repatriate it’s flight crews and passengers that are covered by insurance, following the financial collapse of parent company GlobeSpan yesterday.
Over 4,500 passengers are said to be stranded by the airlines sudden collapse, with most in Spain, Portugal, Cyprus and Egypt, the Civil Aviation Authority will repatriate [...]

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The Forum of Private Business (FPB) has hit out at so called ‘phoenix companies’, companies that fail owing huge debts only for the directors to purchase the company assets for a fraction of their true value and start trading in a different name.
This is of course all perfectly legal in the UK and is not [...]

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Talk of recovery from the financial crisis in the UK was dealt a crucial blow with the release of the highest insolvency figures since records began, last week, showing over 35,000 people were declared bankrupt in the three months up to September 2009.
The actual figure from the Insolvency Service recorded 35,242 people in England and [...]

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The Law Society have launched a campaign entitled Your Solicitor, Qualified To Answer which uses the Beatles influenced strapline Help, I Need Somebody. The campaign will run from September 21st until November 21st and will be featured in printed media and in more than 200 stations, where it is estimated that there will be 100million [...]

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Allied Carpets will make 850 people redundant  as administrators have failed to find a buyer for 142 of the companies shops, which will now be closed down.
Allied Carpets went into administration a month ago when the management team immediately formed a new company to cherry pick the profitable parts of the business from the administrator [...]

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