BTG
4500 UK retailers face an uncertain New Year as the cost-of-living crisis bites before Christmas
With Christmas just around the corner, new data from leading insolvency firm, Begbies Traynor, covering the first 10 weeks of Q4 2023 (1 October to 14 December), has revealed the full impact of the current economic environment on the retail sector in the UK.
UK’s smaller manufacturers fall between a rock and a hard place
The UK’s SME manufacturing businesses are in the crosshairs of several inter-connected macro and supply chain disruptions, casting a shadow over their near-term financial outlook and potentially posing a serious solvency risk.
25% Rise in Critical Financial Distress Pushes Almost 40,000 UK Companies Towards Insolvency
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.
Lenders tightening office financing requirements as occupier demand evolves
Lending to the UK office market is becoming much more selective. As banks and debt funds increasingly focus on lending to modern offices and those with a clear pathway to carbon net zero, significant ‘legacy’ office stock is at risk of failure to secure refinancing at upcoming loan maturities.
Airlines ready for bumper summer as travellers look past surging ticket prices for now
European airlines’ summer bookings are strong heading into peak travel season as the post-pandemic desire to travel offsets inflationary pressures reducing consumer purchasing power, higher airline operating costs, and rising ticket prices.
Refinancing risks focus borrowers’ minds on early lender discussions
The refinancing market for SME corporates faces a liquidity squeeze and margin hike in the next 12 months as banks reassess the higher-for-longer interest rate environment and the impact of fiscal policies by the new Conservative government.
Powell’s hawkish Jackson Hole message makes plain the costs ahead for taming US inflation
Federal Reserve Chair Jerome Powell forcefully rebutted the expectations of an early dovish monetary policy pivot, reminding markets that interest rates will continue to climb and remain elevated for some time in its “unconditional” pursuit of price stability.
UK travel sector’s summer boom hopes dimmed by strikes, infections and labour shortages
The UK’s much-anticipated summer travel revival risks descending into chaos as unions target airline strikes to coincide with school holidays while surging inflation and the cost of living crisis curb nascent demand recovery.
UK exports of goods to the EU surpass pre-pandemic levels, but volumes mask severe trade barriers
UK exports of goods to the EU accelerated for the third consecutive month in April, by £1.2bn or 8.1% compared to March, to reach £16.4bn, the highest volumes since the Office for National Statistics (ONS) data series began in 1997.Find an Expert
Find the right professional using the below dropdowns. Our reach covers the globe with a network of over 300 offices.
Or, browse by location
