Author Archive
600 Little Chef jobs lost.
Source: Sky news
Raymond and Danny Grehan declare bankruptcy.
Source: Reuters
Ready steady cook caught shoplifting at Tesco.
Antony Worrall Thompson, a celebrity crunch victim back in 2009, is in the news again, for shoplifting.
He was recently caught shoplifting cheese from Tesco.
Related link: Celebrity Crunch Victim Antony Worrall Thompson goes into administration
Source: Sky News
5000 investment bank jobs to go at RBS.
Source: Derek Alexander at Daily Record
SeaFrance ordered to close, 1000 jobs lost.
Source: Sky News
Blacks goes into administration.
Source: The Independent
La Senza to close four Northern Ireland stores.
Source: Dailymail.co.uk
Barratts cut 1610 jobs.
Source: BBC News
Logica to make 1300 redundant.
Source: The Guardian
SAAB GB goes into administration.
Source: Mary Vancura, Business-Sale.com
Will Italy be the biggest Credit Crunch Victim?
It is feared that Italy, the eurozone’s third biggest economy, could become the next victim of the debt crisis. It has taken three trading days since the failure of the G20 summit to detonate the explosive charge on Italy’s €1.9 trillion (£1.6 trillion) bond market, the world’s third-largest stock of public debt. Italy is fast becoming the next Greece. The country has 120% debt-to-GDP ratio, and its debt now stands at $2.2 trillion.
After Silvio Berlusconi, the consensus seems to be that a technical government can step in, implement reforms and reverse the growing credit crunch affecting Italian bonds.
Companies in administration
November 2011
Sushi restaurant Moshi Moshi enters administration – Tue, 08 Nov 2011
Scottish glazier AC Yule falls into administration – Tue, 08 Nov 2011
Powys-based Llangoed Hall Hotel falls into administration – Mon, 07 Nov 2011
Buyer sought for playground maker Timberline – Fri, 04 Nov 2011
Eden Hotel Collection acquires former Von Essen premises – Thu, 03 Nov 2011
Luminar closes some clubs but continues search for buyers – Thu, 03 Nov 2011
October 2011
Historic bone ash company Jesse Shirley enters administration – Fri, 28 Oct 2011
Luminar placed into administration by its banks – Thu, 27 Oct 2011
Hampton by Hilton hotels on the market following administration – Wed, 26 Oct 2011
Norian Beds calls in administrators – Wed, 26 Oct 2011
Assets of train excursion firm for sale – Tue, 25 Oct 2011
Potential administration for Olympic contractors, Parry Bowen – Mon, 24 Oct 2011
Glenorchy Lodge Hotels on the market following administration – Thu, 20 Oct 2011
Options Utility Services calls in administrators – Thu, 20 Oct 2011
Finance provider Davenham Group plc in administration – Tue, 18 Oct 2011
Buyer sought for caravan retailer Discover Leisure – Tue, 18 Oct 2011
Administrators consider future of Orkney Boats Limited – Fri, 14 Oct 2011
Search reportedly underway for buyer for Broker Assistance – Fri, 14 Oct 2011
Buyer sought for car electronics firm Pi Shurlok – Thu, 13 Oct 2011
Holloway White Allom in asset sale post-administration – Wed, 12 Oct 2011
Administrators looking for interest in Thomson Litho – Wed, 12 Oct 2011
TNT Magazine put into administration – Tue, 11 Oct 2011
Administration of Waters AutoPlanet confirmed – Fri, 07 Oct 2011
Limerick’s Opera Centre site back on the market – Wed, 05 Oct 2011
Sources mount about Waters Auto Planet administration – Wed, 05 Oct 2011
Administration a “realistic possibility” for Rangers – Tue, 04 Oct 2011
Swindon Travel ceases trading ahead of administration – Tue, 04 Oct 2011
Avilton Foods sold in pre-pack administration – Mon, 03 Oct 2011
Edinburgh’s Raeburn House Hotel up for sale – Mon, 03 Oct 2011
September 2011
RBS to put Jarvis Hotels through a pre-pack administration – Fri, 30 Sep 2011
Administrators try to find buyer for Motorauctions Leeds – Fri, 30 Sep 2011
Alexon facing potential pre-pack administration – Thu, 29 Sep 2011
Sony Centres up for sale following administration – Tue, 27 Sep 2011
Res-Q Contact Services saved in a pre-pack administration deal – Mon, 26 Sep 2011
Buyer sought for Huddersfield’s Thatchers Furnishings – Fri, 23 Sep 2011
Buyer sought for Highland Toffee brand – Wed, 21 Sep 2011
Buyer sought for Towcester’s Whittlebury Hall – Mon, 19 Sep 2011
School travel company Pinnacle falls into administration – Thu, 15 Sep 2011
Brintons Carpets bought by Carlyle in pre-pack deal – Tue, 13 Sep 2011
Architects Browne Smith Baker fall into administration – Mon, 12 Sep 2011
Assets of FD Kitchens for sale – Wed, 07 Sep 2011
Sharrow Bay Hotel’s search for a buyer continues – Wed, 07 Sep 2011
Administrators appointed to refinishing firm Hex Holdings – Wed, 07 Sep 2011
Buyers sought for Walmsley branches following administration – Fri, 02 Sep 2011
Browns Construction Group in administration – Thu, 01 Sep 2011
August 2011
Coventry City Football Club facing administration – Wed, 31 Aug 2011
Dodd’s Group owners enter administration – Wed, 31 Aug 2011
Scarborough’s Royal Hotel up for sale following administration – Tue, 30 Aug 2011
Children’s brand owner Chorion facing administration – Tue, 30 Aug 2011
PwC handling Parkridge Holdings administration – Fri, 26 Aug 2011
Famous Fitzbillies bakery bought out of administration – Tue, 23 Aug 2011
Care home business Rotel in hands of administrators – Tue, 23 Aug 2011
Oldham property developer in administration – Mon, 22 Aug 2011
O’Grady haulage firm enters administration – Mon, 22 Aug 2011
Nitenite hotel for sale as parent firm enters administration – Fri, 19 Aug 2011
Assets of administration-struck Strathclyde Homes being sold – Fri, 19 Aug 2011
Fit-out specialists Britspace enter administration – Tue, 16 Aug 2011
Buyer sought for TJ Hughes store following administration – Mon, 15 Aug 2011
Administrators seek buyer for BKF Plastics – Fri, 12 Aug 2011
Lombok furniture chain considers administration – Fri, 12 Aug 2011
Carlisle site for sale following administration – Tue, 09 Aug 2011
Irish hotel and courthouse enters administration – Tue, 09 Aug 2011
Regional Landmark Hotels follows subsidiaries into administration – Tue, 09 Aug 2011
Tourists stranded as Holidays 4 UK enters administration – Thu, 04 Aug 2011
Lancashire’s Colne Precinct falls into administration – Wed, 03 Aug 2011
Derbyshire’s Bear Inn falls into administration – Tue, 02 Aug 2011
Davis’s Hotel Verta enters administration – Tue, 02 Aug 2011
Activision no longer heros as 500 jobs cut.
Source: MCVUK News
1000 jobs may go at North Lanarkshire Council.
North Lanarkshire Council is set to discuss ways of saving £70m over the next three years and this might mean cutting up to 1000 jobs from Scotland’s largest local authorities. The authority said it hoped to make the bulk of post reductions through natural turnover, early retirements and voluntary redundancies. But if this target cannot be achieved, the council said it may have to consider compulsory redundancies.
Possible Job Losses = 1000
Source: BBC News
Related Web Links:
- To plug £75m council deficit, 1500 jobs must go.
- Can anyone see the green shoots of recovery?
- Birmingham City Council may axe 2000 jobs
- I love New York – (NOT after 2000 jobs are lost).
- 6 million jobs created in London.
To plug £75m council deficit, 1500 jobs must go.
The devastating impact of the Government’s spending cuts has become apparent as a West council leader announced 1500 job losses to plug a £75 million deficit.
The vast majority of planned building projects will be stopped. Two thirds of the 60 county-owned farms are likely to be sold. One town library will close temporarily later this month and six others face a temporary cut in hours pending discussions with focus groups about how the service can be provided. But unions have criticised the authority for exacerbating the dire financial situation by refusing to increase council tax next year.
Halting building work means there will be no new £8m school in Yeovil to replace the aging Grass Royal, Reckleford and Pen Mill schools. The planned £6m pedestrianisation of Taunton town centre is also shelved, as is a £300,000 scheme to convert a GP surgery in Castle Cary into a children’s centre.
Councillor Ken Maddock said,
We have a debt level in this county council of more than £350 million, with projections that it will reach £400 million before it can come down. Servicing that debt is our second biggest bill, not financing roads, not looking after vulnerable people, not improving schools, but debt.
Total losses = 1500
Source: This is Somerset
