BTG Global Advisory (BTGGA), a leading international business and financial advisory network, is pleased to announce the admission of a new member firm, Israeli law firm Gissin & Co., Advocates (Gissin), further extending its global footprint and presence in the Middle East.
Buoyant travel demand over the summer has given the travel and tourism industry some much-needed respite in recent months. However, the outlook has already begun to soften as accelerating macroeconomic and geopolitical headwinds start to blunt the growth momentum.
The latest Begbies Traynor “Red Flag Alert” report, which has provided a snapshot of British corporate health for the past 15 years, paints a worrying picture for UK businesses as nearly 40,000 companies are revealed to be in a critical financial situation as the pressure of higher interest rates, resilient inflation and weaker consumer confidence take their toll.
British retail sales dropped more than expected in September, coinciding with the sharpest drop in consumer confidence in more than three years, snapping signs of a recovery in August.
Finance liquidity for SMEs in the UK are dwindling over the course of this year. Elevated inflation, diminishing government support, and banks’ ongoing loan book rationalisation have combined to constrict access to financing for SMEs.
Automakers increased production to meet pent-up demand in the first half of 2023 as supply chain issues eased.
New vehicle sales have been stronger than expected due to robust fleet sales and the continued resilience of buyers, with more electric vehicle choices on the market than ever.
Price action in Bitcoin turned bearish in mid-August after failing to break above a multi-year macro resistance between $28,800 and $31,700 for several weeks.
The UK’s international trade volumes continued a trend of incremental decline in May, according to the latest ONS data, as British companies struggle to increase goods sales overseas. Imports exceeded exports by almost £20bn in May, as the long-running goods trade deficit deteriorates again after a short-lived improvement in April.
Liquidators successfully secure disclosure order against Alla Nicolayevna Babenko
The UK is grappling with one of the most stubborn inflationary challenges worldwide, exacerbated by labour market dynamics and declining real wages which will require structural reforms to bolster Britain’s productive potential and reverse the weak growth outlook.