UK Business News

It’s good to have some positive business news in the current economic downturn, even if it is from the American burger giant McDonalds.
Despite the gloom on the high streets McDonald’s say they have attracted an extra two million customers a month to their restaurants in the UK compared with last year.
The company has responded to [...]

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Wedding gift firm Wrapit has blamed the HSBC bank for putting it’s business in administration, despite owing the bank around £3.5million.
Wrapit was formed in 2000 by former fashion journalist Pepita Diamand and trades from fifteen showrooms and a website, the administration puts 100 jobs on the line.
Despite the protestations of Peter Gelardi the head of Wrapit, claiming [...]

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British Telecom shares took a dive last week as the company announced cash flow problems and a drop in the value of the company  pension fund.
It raises the question amongst the big  Internet Service Providers, how much more value is there in the broadband market. BT themselves added 103,000 new subscribers in the three months [...]

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There has been a sharp increase in the number of companies going into liquidation according to government figures released today.
An increase of 11.6% on the first quarter, saw almost 3,500 companies go into liquidation between April and June, a 15% rise from the same period a year ago.
The number of insolvencies remains less than half [...]

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