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UK Business News

A summary of the latest UK business news stories.

Homebase Store Closures | Red Flag Alert Analysis

23-08-2018 UK Business News

Homebase Store Closures | Red Flag Alert Analysis

Homebase join a long list of retailers scrambling to survive in an increasingly hostile retail environment. Led by the restructuring firm Hilco, Homebase is expected to propose a company voluntary arrangement imminently.
The Pub Industry | Red Flag Alert Analysis

23-08-2018 UK Business News

The Pub Industry | Red Flag Alert Analysis

With 18 pubs closing every week, what does the future hold for the 50,000 that remain? The environment seems bleak: increased tax on alcohol, a decreasing drinking culture among millennials and economic uncertainty are three headline reasons for pessimism, but is there reason to be hopeful?
Business Rate Increase | Red Flag Alert

08-08-2018 UK Business News

Business Rate Increase | Red Flag Alert

The government’s revaluation of business rates in April 2017 saw increases in about half a million properties, which has prompted almost 200,000 businesses to be summoned to court over unpaid rates.
UK corporate health deteriorates 9%, leaving 472,000 businesses in financial distress

24-07-2018 UK Business News

UK corporate health deteriorates 9%, leaving 472,000 businesses in financial distress

Data from Red Flag Alert, which monitors the financial health of UK companies, identifies 472,183 businesses were experiencing ‘Significant’ financial distress at the end of June 2018, up 9% compared to the same stage last year (Q2 2017: 434,492) but down 1% compared to the previous three months of the year (Q1 2018: 477,183).
The changing face of the UK high street

15-06-2018 UK Business News

The changing face of the UK high street

With a seemingly never-ending list of household names announcing store closures, it may not come as a huge surprise to learn that we are losing high street businesses at an unprecedented rate. Latest research by Red Flag Alert shows that over 180,000 limited companies operating in the retail sector ceased trading in the years between 2010 and 2017.
William Hill Fined £6.2m Over Anti-Money Laundering Failings

20-02-2018 UK Business News

William Hill Fined £6.2m Over Anti-Money Laundering Failings

The Gambling Commission has issued the betting company William Hill with a package of fines worth £6.2 million in response to breaches of anti-money laundering and social responsibility regulations.
UK Business News Summary - 26th January 2017

26-01-2017 UK Business News

UK Business News Summary - 26th January 2017

A summary of the UK's key business news stories

19-01-2017 UK Business News

Business news summary 19th Jan 2017

Philip Hammond has indicated that he is prepared to cut taxes if the UK is denied access to the common market after Brexit. In an interview with the German Welt am Sonntag newspaper, the chancellor suggested Britain may be forced to change its "economic model" if it is locked out of the single market.

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