The number of companies in England and Wales falling into financial distress is rising at the fastest pace since 2009, according to data on Tuesday that suggests the trouble suffered by big firms is indicative of a wider, deep-seated trend.
Britain’s services sector kept up its steady growth in September but uncertainty about the economy remained high six months ahead of Brexit, a business survey showed.
Boohoo (BOOH.L), the fast-growing British online fashion retailer, reported a 22 percent increase in first-half profit and raised sales guidance for the full year, underlining its position as one of the winners in a brutal clothing market.
UK shares lagged their European peers on a trade war relief rally on Thursday, after better-than-expected UK retail data boosted the pound which acts as an accounting drag on their foreign revenues.
British shoppers kept up their strong summer spending spree in August and showed no sign that the approach of Brexit is making them cautious, official data showed.
PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later, a regulator said.
Billionaire Philip Day is in the early stages of a potential bid for British retailer House of Fraser to save it from collapse, Sky News reported citing sources.
Direct Line said its long-standing chief Paul Geddes would step down next year, as its first-half profit took a beating from the cold winter.
British shoppers spent strongly for a second month in July, as a heatwave continued to boost retail sales, though some signs of cooling demand were appearing, the Confederation of British Industry said.
Debenhams warned on profit for the third time in six months, blaming poor trading on increased competitor discounting and weakness in key markets.