Yurtel, based in Corsham, Wiltshire, has revealed that it has gone bankrupt, meaning that all bookings will not be fulfilled after it ceased trading on May 8, the County Gazette reported. Yurtel have previously supplied accommodation for people who visit Glastonbury Festival since 2005, prices for hospitality tickets and accommodation packages from the Yurtel company ranged from £10,000 up to £16,500 for this year's festival.

Ownership of The Daily Telegraph, the storied British newspaper long considered close to the country’s Conservative Party, is poised to change — again, the New York Times reported. RedBird Capital Partners, an American investment firm, said on Friday that it had reached an agreement in principle to buy control of the newspaper’s parent company, Telegraph Media Group, at a valuation of 500 million pounds, or about $675 million.

When Builder.ai was seeking an emergency loan in 2024, the start-up gave lenders a revenue forecast that proved to be four times its actual sales, Bloomberg News reported. A group of creditors, led by Israeli firm Viola Credit, were originally told that Builder.ai projected sales of US$220 million (S$284 million) for 2024, the people said. The company later disclosed that the actual revenue amount for the year turned out to be about US$50 million. That revelation was one of the factors that ultimately led the lenders to seize most of the UK-based artificial intelligence (AI) start-up’s cash.

U.K. retail sales jumped higher than expected last month, a result of warmer weather that helped food stores bounce back, the Wall Street Journal reported. Retail sales volumes climbed 1.2% on month in April after a 0.1% rise in March, the Office for National Statistics said Friday. It was a fourth-straight monthly increase, the first time that has happened since mid-2020 after businesses reopened following the first Covid-19 pandemic lockdowns.

The number of company insolvencies registered in Scotland saw a modest decrease in April 2025, falling by 7% compared to the same month in the previous year, with 101 cases recorded, ScottishFinancialNews.com reported. This total comprised 47 creditors’ voluntary liquidations (CVLs), 51 compulsory liquidations, and three administrations. There were no company voluntary arrangements (CVAs) or receivership appointments. Looking at the broader picture, the company insolvency rate in Scotland for the 12 months ending April 2025 stood at 51.2 per 10,000 active companies.

Newly released figures show 377 firms in the construction industry collapsed in England and Wales in March – a figure that has increased 2.5 per cent from a revised 368 in February, and a sharp 23 per cent increase from January’s 306, ConstructionWave.co.uk reported. The latest data from the Insolvency Service shows insolvencies within the sector fluctuated over the year, with its highest of 403 in the previous 12 months in April 2024. Of the 377 construction firms that went under in March, more than half (54 per cent) came from specialist subcontractors, with 203 companies folding.

A South Yorkshire steel company has avoided insolvency for the moment after a potential buyer was found, the U.K. High Court has heard, BBC.com reported. Speciality Steel UK (SSUK), part of the Liberty Steel Group founded by Sanjeev Gupta, employs 1,450 people and has plants in Rotherham and Sheffield. Lawyers representing SSUK said at a hearing on Wednesday that "urgent meetings" had been taking place with a "third party purchaser".

Builder.ai, one of the UK’s best-funded technology start-ups, is entering insolvency proceedings, weeks after restating its revenues and admitting “problems” under its past leadership, the Financial Times reported. The London-based group, which is backed by Microsoft, informed employees it was filing for bankruptcy during a company-wide call on Tuesday. The company confirmed that its main unit, Engineer.ai Corporation, “will be entering into insolvency proceedings and will appoint an administrator to manage the company’s affairs”.