UK Business News

There are growing concerns over the future of two Vauxhall manufacturing plants in the UK as talks in Germany have broken down over who will buy it’s parent company GM Europe.
With two of the bidders threatening to cut jobs across Europe, car industry experts and union leaders have accused the UK Government of not doing [...]

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UK department store Debenhams look likely to purchase the Principles brand name and it’s stock of fashion wear following the collapse of Mosaic Fashions on Monday.
Principles was one of the companies trading within the Mosaic group and has had a long standing relationship with Debenhams.  The fashion company runs over 300 in store concessions many [...]

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The world famous Waterford Wedgewood pottery manufacturing company, that became a victim of the credit crunch in January when it was put into administration, has been bought by the US private equity firm KPS Capital Partners.
The news is particularly disappointing for two of the Wedgewood family members, cousins Tom D Wedgewood and Tom R Wedgewood, [...]

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Latest figures released by insolvency experts Begbies Traynor, show what we all pretty much expect, that UK business failures more than trebled during 2008.
A total of 5,651companies faced critical problems during the last quarter of 2008 as the full effects of the global financial crisis spread throughout the whole economy. The sectors worst affected says [...]

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Administrators acting for Woolworths are to cut 450 jobs from the support operations based in London and Rochdale amid ongoing talks aimed at finding a buyer for the group.
Deloitte said that it was in talks with ’several parties’ interested in buying the chain as well as potential bidders for some of it’s outlets, thus fuelling [...]

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