Thousands of former employees of Sir Philip Green’s Arcadia Group have received an unexpected financial boost following news that the company’s pension scheme is now in surplus. This development offers
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Upmarket tile company Fired Earth has shuttered all its UK high street stores and entered administration, resulting in the loss of 133 jobs. Launched over four decades ago and known
About 2,000 Petrofac employees working in the North Sea are facing an uncertain future after the oil services company, once a FTSE 100 stalwart, filed for administration. Petrofac, which boasts
Pizza Hut is set to shutter 68 restaurants across the United Kingdom following the collapse of its franchise owner, DC London Pie, into administration. The move is poised to put
Claire’s Accessories, a familiar high street name, has collapsed into administration in the UK and Ireland owing at least £12 million to unsecured creditors, including major organisations such as the
The Prax Lindsey oil refinery in Lincolnshire, once responsible for producing around 10 per cent of the United Kingdom’s petrochemicals, collapsed at the end of June with only £203 left
In a significant blow to British aerospace innovation, Reaction Engines has entered administration following unsuccessful attempts to secure vital funding, marking the end of its ambitious vision to revolutionise air
