Profit warnings soar to 20-year high as Covid-19 crisis hits South West’s quoted firms

July 23, 2020
By
EY

The coronavirus pandemic has pushed up the number of profit warnings issued by South West listed businesses to a 20-year high, with those in the travel and leisure sector hardest hit. According to new figures from accountancy group EY, profit warnings soared by 73% year-on-year in the first half of 2020 to 26 – with 85%...

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Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

July 21, 2020
By
Insolvency group warns Govt figures on business failures mask true impact of Covid-19 on firms

Government figures showing another monthly fall in corporate insolvencies are hiding the true picture of the damaging effect of the coronavirus pandemic on businesses,  according to the South West branch of insolvency and restructuring trade body R3. Insolvency Service statistics for June show 732 company insolvencies in England and Wales, lower than May’s figure...

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Ahead of the Agenda: The Week Ahead

July 20, 2020
By
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Monday July 20 Finals: Equiniti Group, Ultra Electronics Trading announcements: Surface Transforms, Tungsten Corporation Tuesday July 21 Finals: Begbies Traynor, Redcentric, SDI Group Interims: Audioboom Group, Gresham House, TClarke Trading announcements: DP Eurasia, Euromomey, Intermediate Capital, RPS Group Economic announcement: Public sector net borrowing Wednesday July 22 Finals: Global Yachting Group, Knights Group, Stagecoach Trading announcements: Close Bros, Eve Sleep, Tristel Economic announcement: CBI...

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Buy-to-let landlords and second homeowners in firing line from CGT reform, warns Royds Withy King

July 19, 2020
By
Buy-to-let landlords and second homeowners in firing line from CGT reform, warns Royds Withy King

Bringing Capital Gain Tax (CGT) rates in line with those for Income Tax could hit buy-to-let landlords, portfolios, second homeowners and people with inheritances, according to an expert at regional law firm Royds Withy King, which has an office in Swindon, Earlier this week Chancellor Rishi Sunak announced a review of CGT, with many commentators...

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Ahead of the Agenda: The Week Ahead

July 12, 2020
By
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Monday July 13 Final: Rua Life Sciences Q2 result: Centamin Tuesday July 14 Finals: AO World, Halma, Mercia Asset, Motorpoint, Omega Diagnostics, Polar Capital Technology Trust Interims: McColl’s, Ocado, Synectics Trading announcement: McBride Economic announcements: Gross domestic product, Manufacturing production, Index of services, Industrial production, Balance of trade Wednesday July 15 Interim: McCarthy & Stone Trading announcement: Burberry Economic announcements: Retail price index,...

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Chancellor’s summer economic statement: National business reaction

July 8, 2020
By
Chancellor’s summer economic statement: National business reaction

The CBI said Chancellor Rishi Sunak was “absolutely right” to prioritise jobs in his summer statement this afternoon. Director-general Dame Carolyn Fairbairn, pictured, said: “Flattening the daunting unemployment curve about to hit our country could not be more important. Joblessness scars lives and hits the young and most disadvantaged hardest.  “Today’s jobs plan is an...

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