Pagazzi Lighting, a family furniture chain with 45 years of history, has entered administration, closing 11 stores and making 70 staff redundant due to rising costs and declining high street spending.
Employment law specialist Lousha Reynolds has acquired Refreshing Law, marking a new chapter for the Vale of Glamorgan-based firm as founder Anna Denton-Jones steps aside after more than a decade.
Two major UK firms, BrewDog and Pagazzi Lighting, have entered administration this week, resulting in over 550 job losses as bars and stores close across the country.
The Cloud Nine XDM 3600 Travel Dryer has been recalled due to a fire hazard from overheating. Customers are advised to stop using it immediately and return it for a voucher.
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Unimetals Recycling, a UK metal recycling company with 27 sites, has formally entered liquidation after shareholders voted to wind up the business. Joint liquidators have been appointed to oversee the process.
Cardiff-based Admiral announces a 16% surge in pre-tax profit to £957.9m for 2025, with over 13,000 employees receiving free shares worth £1,800 each.
North East motor retailer Vertu Motors reveals job losses and £10m efficiency drive to counter headwinds from UK Government's EV mandate, while reporting strong trading performance.
The Advertising Standards Authority has banned British Gas and Hive advertisements for overstating potential savings from heat pumps and solar panels, citing five breaches of advertising rules.
Several North East companies, including Different Narrative, Opencast, FW Capital, B7, Allan Brothers, and EMG Solicitors, have announced significant new hires and promotions this week, signaling growth and strategic expansion in the region's business sec
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Professional services giant Deloitte has appointed Andrew Wright as its new practice senior partner for the South West and Wales, succeeding Dave Tansley. Wright, with nearly 30 years at the firm, will lead a team of 2,300 people.
Award-winning law firm FBC Manby Bowdler has acquired Jordans Solicitors, a Black Country practice, for an undisclosed sum, expanding the Adeptio Law Group's regional presence.
Nidhoggr Mead Co, founded by a Dragons' Den entrepreneur, has entered administration despite celebrity endorsements and national retail listings.
Craft beer giant Brewdog will shut 39 UK bars, resulting in 484 job losses, following its £33 million acquisition by US consumer goods company Tilray Brands. Eleven sites, including in Birmingham, London, and Manchester, will remain open.
Dame Carolyn Fairbairn, former director-general of the CBI, has been appointed as the incoming chair of HSBC UK, succeeding Dame Clara Furse after nine years of service.
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Wild Child Animation Ltd, a British animation company with a £5.7 million turnover, has entered administration, threatening 82 jobs. Administrators aim to sell the business within two weeks.
The Competition and Markets Authority is investigating Hilton, Marriott, IHG and CoStar over potential sharing of commercially sensitive information via data analytics tools.
Newcastle-based SkinBioTherapeutics has appointed Rachel Parsonage as interim CEO for six months following the resignation of former CEO Stuart Ashman amid an investigation into financial misrepresentation.
The dramatic fall of Yorks cafe chain leaves investors and staff reeling as debts exceed £750,000. Once hailed among world's best coffee shops, only Stratford branch remains open amid liquidation proceedings.
Car Station Suffolk Ltd, a small independent second-hand car dealership, has entered liquidation with no assets, leaving 17 creditors unlikely to recover over £50,000 owed.
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Architectural Panel Solutions Limited, a specialist in façade and cladding systems, has collapsed into administration. This follows the recent administration of another construction firm, EJ Taylor and Sons, amid financial struggles in the sector.
Toymaker Hornby has sold the iconic Scalextric slot car racing brand to family-run investment firm Purbeck Capital Partners for £20 million, aiming to reduce debt and focus on other brands.
International Airlines Group, parent of British Airways, announces a 17.3% rise in operating profit to £4.4bn for 2025, with strong margins and growth across its airlines.
Car Station Suffolk Ltd, a small independent dealership, has entered liquidation with no assets, leaving 17 creditors unlikely to recover over £50,000 owed.
The family-run Miles Tool & Machinery Centre in Yeovil has appointed joint administrators, citing over £1 million in short-term debt. Customers report abandoned premises and unfulfilled orders.
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Global advertising giant WPP reveals a strategic overhaul targeting £500 million in annual savings by 2028, involving job cuts and consolidation into four core units to address 'excessive organisational complexity'.
MTE Heat Treatment, a West Yorkshire-based industrial metal treatment specialist, has collapsed into administration, affecting 38 employees. Joint administrators have been appointed as the company ceases operations.
Rolls-Royce announces a massive £7bn to £9bn share buyback program through 2028, following a 40% profit jump and upgraded financial targets, marking a strong recovery.
Power giant Drax reveals operating profits fell from £850m to £241m in 2025, with 350 job cuts announced. The firm cites impairments and market challenges but highlights record renewable power generation.
Guinness owner Diageo reduces dividend to 20 cents as new CEO Dave Lewis implements aggressive cost-cutting measures, with sales declining and share price falling sharply.
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Luxury car manufacturer Aston Martin Lagonda announces plans to slash up to 20% of its global workforce, impacting nearly 600 positions, as part of a £40 million cost-saving initiative following significant pre-tax losses.
