Tens Of Thousands Lose Out After Budget Travel Firm Calls In Administrators

Tens of thousands of British holidaymakers face losing not only their holidays, but their money, after budget travel firm Lowcostholidays group went into administration this summer. When administrators were called in the travel company had 27,000 customers enjoying their holidays across the globe, and a further 110,000 customers booked for the peak summer months. Passengers were left unsure about what would happen with their holidays, but it has been revealed that the online travel company did not have an ATOL licence - meaning tens of thousands will not get their money back.

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Theresa May's Plans for Corporate Governance Reform

Theresa May was confirmed as Prime Minister after David Cameron resigned in the wake of the Brexit vote, and after her competitor for the title stepped down – but what does this mean for UK company law?

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What Impact will Brexit have on Your Business

The UK has decided to leave the EU following the referendum on 23 June. This decision will affect the UK economy, policy and legislation and will impact on the operating environment for your business. There could be unforeseen financial pressures on your business, or indeed businesses you trade with, which will need to be taken into account in setting your business strategy going forward. It is worth bearing in mind that the changes will be implemented slowly, but the economic environment may become more challenging quite quickly.

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Wolseley to Continue with Restructuring Programme

Wolseley to Continue with Restructuring Programme

Wolseley plc has recently published its third-quarter results and announced its intention to continue with its restructuring programme amidst tough economic conditions, reports the Telegraph. The anticipated costs of this restructuring exercise have increased from £15 million to £20 million.

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Consultation Over Proposed Reforms of UK Insolvency Regime

The UK Government has identified four broad areas of possible reform of the country’s insolvency regime, and has launched a consultation exercise to seek views on its proposals.

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