Leading business group, the British Chamber of Commerce (BCC), has warned that the UK economy faces a “high risk of a relapse“.
The UK economy emerged from recession in the fourth quarter of 2009 by experiencing growth of just 0.3%.
However, all economists and reports have suggested that the recovery will be fragile, while others have expressed [...]
Having studied the latest figures from the Insolvency Service, Grant Thornton is predicting a glut of company failures in England and Wales during 2010.
Last year saw a record 4,161 companies placed in administration (up 1.7% on 2008) and the accountancy firm warns: “There is no light at the end of the tunnel for troubled companies [...]
A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.)
Last week, official figures revealed that the UK economy grew by 0.1% between the October and December period, suggesting that [...]
The long-awaited quarter four GDP figures are to be released at 09:30 today with the hopes that the UK has finally emerged from its worst recession in several decades.
The UK economy, which has now contracted for six consecutive quarters, has been lagging behind other major economies but it is hoped that the economy exited [...]
A report by accountancy firm Ernst & Young has found that the number of profit warnings fell by 37% (a six-year low) in the final quarter of 2009.
A fall in profit warnings was unexpected since the recession led to many firms experiencing a slump in profits.
However, Ernst & Young said firms should brace themselves for [...]
A survey conducted by the accountant, Deloitte, has revealed that the chief finance officers (CFOs) of Britain’s leading companies are at their most confident for two years.
According to its quarterly survey in which 128 CFOs were questioned, Deloitte found that finance chiefs are more confident and less worried about liquidity and the banking system.
However, while [...]