Creditors set to lose £23m as Caterham hits the pits | City & Business | Finance

Its creditors range from former employees to Renault, which is owed £6.2 million for supplying V6 engines to the team. However, in the documents, administrators Smith & Williamson stated: “Unsecured creditors have not been paid and dividend prospects for unsecured creditors are also unlikely.” Caterham failed to score a single point over More...

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By admin On Sunday, May 20th, 2018
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DB pensions see a surge in transfers | City & Business | Finance

It said figures obtained from The Pensions Regulator under a Freedom of Information request, show that last year 100,000 people transferred out of their DB schemes, up from 80,000 the year before. However, Royal More...

By admin On Sunday, May 20th, 2018
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Marks and Spencer sales fail to sparkle | City & Business | Finance

The drop in sales at its formerly robust food business, as well as the ongoing struggles it faces in clothing, will take the shine off its forecast statutory pre-tax profits of £512.1 million for its 2017/18 More...

By admin On Sunday, May 20th, 2018
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Maplin will SHUT last of its 219 stores by July | City & Business | Finance

Unsecured creditors are owed £217 million, but they will get back less than 1 per cent of what they are owed, according to documents filed by PwC at Companies House. Maplin collapsed at the end of February More...

By admin On Sunday, May 20th, 2018
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When You Move gets things moving | City & Business | Finance

It has added a star rating and reviews system to its conveyancing platform, as well as a “capacity indicator” so that users can gauge a solicitor’s ability to take on a case, which it says will “empower More...

By admin On Sunday, May 20th, 2018
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Debt: a four-letter word nobody dares even mention | Personal Finance | Finance

Debt is a four-letter word, the silent curse hanging over everybody, from young graduates starting their working lives owing tens of thousands, to the growing number of pensioners with unpaid credit in retirement. Near-zero More...

By admin On Sunday, May 20th, 2018
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A tougher road ahead: Five minute guide to…changes to your vehicle’s MOT test | Personal Finance | Finance

If a car is labelled dangerous under the new scoring system, it will be illegal to use it on a public road, with fines running into thousands of pounds if you so much as drive it to the scrapyard. The new rules More...

By admin On Sunday, May 20th, 2018
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Mothercare will not be the last High Street victim, says GEOFF HO | City & Business | Finance

On Thursday Mothercare announced plans to axe 50 stores, while Carluccio’s said that it plans to close a third of its 103 UK-based restaurants and delicatessens. Both plan to use a “company voluntary More...

By admin On Sunday, May 20th, 2018
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Ryanair has left its pilot fiasco behind | City & Business | Finance

Despite the disruption caused by its pilot crisis last autumn, City analysts believe that the budget airline will post statutory pre-tax profits of 1.6 billion euro (£1.4billion) for the 12 months to March More...

By admin On Friday, May 18th, 2018
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Ocado shares rise 44% after major US tie-up | City & Business | Finance

It is the latest endorsement for the food distribution expertise of Ocado, which tested patience by taking 15 years to make its first annual profit but has reeled off a string of international tie-ups in recent More...