With the focus now on their core services Kier are moving to simplify their portfolio by selling, or substantially exiting, Facilities Management and Environmental Services as well as Kier Living. This will deliver approximately £55 million in annual cost savings by 2021 and focus on cash generation in order to reduce their average net debt.
UK firms not ready Figures seen by Newsnight suggest that many UK businesses are woefully unprepared for a no-deal Brexit. In February HMRC launched a scheme aimed at easing imports if the UK left the customs union and single market suddenly. The Transitional Simplified Procedures scheme (TSP) has been designed to help UK businesses import […]
This is a blow to the construction industry with both output and new orders declining to their largest extent since the first quarter of 2018. This weakness has also affected the hiring sector as employment numbers for May fell at their sharpest rate for more than six years.
Trouble for Philip Greens Empire Arcadia The troubled Arcadia Group is in the news at the moment as Philip Green attempts to make a deal to save the fashion empire. Arcadia, which owns high street retail brands including Top Shop, Wallis, Dorothy Perkins, Miss Selfridge and Burton is trying to agree a Company Voluntary Arrangement […]
“For many small businesses, the difference between getting paid in 60 days and 90 days can be vital. Cashflow problems due to late payments are a real problem for SMEs in this country and with first quarter figures showing a rise in insolvency among smaller businesses, it is an issue that needs to be robustly addressed.
There are now hundreds of miles of road that have been converted to smart motorways meaning that the hard shoulder can be used as an additional lane in order to ease peak traffic congestion. The red X above the lane indicates that the lane is not open, and it is potentially hazardous to use due to an accident or break down waiting to be cleared.
Anxiety and depression among SME owners are often linked to factors around cash flow and ensuring the viability of their company. This can be compounded when the business has invoiced for payment, but they are repeatedly paid late, or the payment becomes so overdue it becomes a debt.
Chancellor Philip Hammond announced the fate of 1p and 2p coins……… The result of the review concerning the coins has been announced and for the moment the Treasury has decided the coins are staying.
London ULEZ The Ultra Low Emission Zone (ULEZ) has come into force in central London, with Birmingham and Leeds’ Clean Air Zones set to follow by January 2020, and cities such as Manchester and Sheffield also looking at ways to charge the most polluting vehicles entering their cities. This is all good news for campaigners […]