Creditors set to lose £23m as Caterham hits the pits

CREDITORS of the collapsed Formula One team Caterham are on track to lose £23 million, after administrators said there are insufficient funds to pay them, writes Christian Sylt. Oxfordshire-based Caterham Sports has been in administration since 2014, but documents filed last week show that the process of closing the company is nearing its final lap. Daily More...

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By admin On Sunday, May 20th, 2018
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DB pensions see a surge in transfers

THE NUMBER of people transferring out of gold-plated defined benefit pension schemes has shot up by 25 per cent, potentially jeopardising their retirement plans, according to insurer Royal London. Daily Express More...

By admin On Sunday, May 20th, 2018
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Ryanair has left its pilot fiasco behind

RYANAIR chief executive Michael O’Leary is expected to unveil increased profits and say that it has put its pilot rota fiasco behind it, at its full year results tomorrow. Daily Express :: Finance Feed  More...

By admin On Sunday, May 20th, 2018
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Maplin will SHUT last of its 219 stores by July

COLLAPSED electronics retailer Maplin will shut the last of its 219 stores by July, according to sources familiar with the situation. Administrator PwC started closing the firm’s stores in tranches of 30 earlier More...

By admin On Sunday, May 20th, 2018
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Marks and Spencer sales fail to sparkle

MARKS & SPENCER’s chief executive Steve Rowe is expected to say that both its food and clothes sales have fallen, when he unveils its full-year results on Wednesday. Daily Express :: Finance Feed  More...

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

MOTHERCARE and Carluccio’s became the latest victims of the High Street crisis, which has seen restaurants and retailers shut sites across the country, and sadly, they will not be the last. Daily Express More...

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

THE WORLD is sinking in a sea of debt and the strangest thing of all is that almost nobody talks about it anymore. A decade of rock bottom interest rates has driven up borrowing levels in the UK and across the 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

NEW tougher MOT rules come into force today and motorists who break them risk fines, penalty points and invalidating their car insurance. The bad news is that more cars are expected to fail the new test, with diesel More...

By admin On Sunday, May 20th, 2018
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When You Move gets things moving

TECHNOLOGY firm When you Move, which aims to make the conveyancing process stress free by fully automating it, will allow users to see how busy solicitors are and to rate them. Daily Express :: Finance Feed  More...

By admin On Friday, May 18th, 2018
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Pound euro exchange rate: GBP slides against EUR over Brexit speculation

The pound euro exchange rate has continued to retreat this morning. The pound is currently worth around €1.143, down from opening levels. Daily Express :: Finance Feed  More...