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Headlines
Monday, January 27 2025
U.K. Firms Face Increased Financial Distress, Study Says
U.K. firms are set for a tough year as financial distress makes a historic jump in every sector across the country, a Begbies Traynor study said, the Wall Street Journal reported. The U.K. business recovery, financial advisory…
Monday, January 27 2025
Thames Water Credit Rating Slashed as Administrators Approached
Thames Water’s debt has been downgraded as the struggling utility company seeks to secure £3bn in emergency funding to stave off collapse, after it emerged that the government has approached potential administrators, The Guardian…
Monday, January 27 2025
Sino-Ocean’s Hong Kong Wind-Up Case Delayed as U.K. Ruling Looms
A Hong Kong court delayed a hearing on Sino-Ocean Group Holding’s restructuring agreement with lenders, as the state-linked builder awaits a decision later this month on a UK case involving a debt plan for all creditors,…
