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March 2023 Newsletter: Tech sector dampened despite SVB UK rescue
HSBC’s swift purchase of the collapsed Silicon Valley Bank’s UK arm was a lifeline to thousands of technology businesses regarded as pivotal to sustainable economic recovery, post-Brexit and post-Pandemic. One leading UK private equity investor focused on the tech...
Letter from London – Post Budget Review – March 2023
Jeremy Hunt became only the second of the five politicians since mid-2019 to have held the post of Chancellor of the Exchequer and survive long enough in office to deliver a Budget. Calm reassurance remains at the heart of his style and substance. Not for him the...
‘Balance Sheet and Debt Management’ – Airline Economics ‘Growth Frontiers’ Conference
AIRLINE ECONOMICS ‘GROWTH FRONTIERS’ EUROPE - London 2022 Enjoy watching extracts from the 60' discussion on ‘Balance sheet and debt management’ Moderator: Victoria Tozer-Pennington, Editor, Airline Economics Panel: Peter Davies (Founder, Airline Management Group)...
Recovering markets won’t bring joy to all players
London is showing few signs of losing its crown as Europe’s leading financial centre. Globally, it’s still not far behind New York; in some respects it may even be ahead. Post-Brexit, the European Central Bank is understandably unhappy that the world’s second largest...
Calm before the insolvency storm
Don’t be fooled by the relatively low headline figure for company insolvency figures in January. At 1,671 the number for England and Wales was 7% up on January 2022 and 11% higher than the pre-pandemic period in 2020. It doesn’t sound too terrible, given the economic...
Paperchase’s pre-Valentine’s Day Massacre won’t be the last blood on the High Street
Those planning to buy a greetings card to give a loved one on February 14 may have fewer options following last week’s fall into administration of high street stationery chain Paperchase. Failure to find a buyer for the troubled business has seen supermarket giant...
January 2023 Newsletter: Power price surge spells outage for more firms
The ticking timebomb of energy price related insolvencies has almost certainly been brought forward by the government's decision to withdraw energy bill support. The existing scheme for businesses will be cut dramatically from April, piling on the woe for UK...
You can’t have your cake and eat it
Consumers were paying almost 30% more for a loaf of bread at the end of 2022 than they had been at the beginning of the year. The price, however, doesn’t even begin to reflect the soaring costs faced by bakeries, a sector heading for a wave of insolvencies. As an...
Expect more blood on the High Street as stores closures mount
Napoleon would struggle to call England a nation of shopkeepers these days, if the relentless woe in the retail sector is an indication of things to come. The Centre for Retail Research isn’t hopeful. It expects up to another 18,000 UK shops to close this year –...
Season’s Greetings from Buchler Phillips
Merry Christmas and a very happy and prosperous New Year from all of us at Buchler Phillips! There is no better time than the Festive Season to express our appreciation and gratitude for your business and friendship. Thank you for choosing to work with us. This year...
Cash is King for struggling SMEs
December is, sadly, often marked by widespread redundancies as businesses steady themselves for the new year ahead. Managers hope to reduce costs, the most desperate cutting beyond fat and into bone to ensure the survival of their enterprises. This year’s final-month...
Keep on truckin’
Supply chain experts are presently very excited about the potential of Artificial Intelligence (AI) to improve returns for businesses involved in the transporting, ordering, stocking and selling of goods. At the same time, the world road transport organisation, the...
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