Credit, Collections & Insolvency News
More than one in ten (12%) restaurants are at imminent risk of closure as their financial position has worsened over the last 12 months, according to an analysis of financial data by Price Bailey. The research analysed the credit risk scores and balance sheet information of all 50,900 British restaurants. It found that 10,388 (20%…
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The latest GfK consumer confidence index increased by three points this month, now standing at minus 18, indicating a slight recovery despite remaining in negative territory. The index measuring changes in personal finances during the last year is up one point at -9; this is seven points better than November 2023. The forecast for personal…
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The ICAEW has announced the appointment of Phil Parry as Chief Information Officer (CIO). Parry will be responsible for the development and implementation of the Institute’s technology and AI solutions. As a member of the leadership team reporting into the Chief Executive, Alan Vallance, he will also assume responsibility for IT operations, digital and publishing…
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The Financial Conduct Authority (FCA) has found that while life insurers provide good service to bereaved customers, they need to settle claims quicker and improve how they measure customer experience. The multi-firm review found evidence of good practice, such as firms providing additional support for claimants throughout what is a difficult time for them. The…
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