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R3 News

The following information is provided by R3: News and information on insolvency, restructuring and stories from business recovery specialists.

Scottish Insolvency Statistics (Oct-Dec 2019): Comment from R3

Posted on: 22.01.20
Commenting on the Scottish Insolvency Statistics, October to December 2019, Tim Cooper, Chair of R3 in Scotland, the insolvency and restructuring trade body says: ... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34431">Read more</a>

R3 responds to the Queen’s Speech

Posted on: 19.12.19
Duncan Swift, President of insolvency and restructuring trade body R3, comments on the Queen’s Speech (19 December 2019): Corporate insolvency reform “We... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34404">Read more</a>

R3 launches 2019 election manifesto

Posted on: 10.12.19
R3, the insolvency and restructuring trade body, has launched its 2019 election manifesto, which sets out the policies that will help the insolvency and restructuring... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34195">Read more</a>

Q3 2019 insolvency statistics – R3 response

Posted on: 30.10.19
Commenting on the Q3 2019 (July-September) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, president of... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34055">Read more</a>

Scottish Insolvency Statistics (Jul-Sep 2019): Comment from R3

Posted on: 23.10.19
Commenting on the Scottish Insolvency Statistics, July to September 2019, Tim Cooper, Chair of R3 in Scotland, the insolvency and restructuring trade body says: ... <a href="http://www.r3.org.uk/index.cfm?page=1114&element=34005">Read more</a>



Credit Strategy News 

The following information is provided by Credit Strategy: News and information for the UK's commercial and consumer credit industry.

Pret A Manger cuts 3,000 jobs 

Posted on: 01.09.20

Pret A Manger has completed its UK restructuring in response to the impact of Covid-19, resulting in the loss of 2,800 jobs.

Last month, trade across its UK shops was down 60% year-on-year, with...

Virgin Atlantic secures backing for £1.2bn rescue deal 

Posted on: 28.08.20

Virgin Atlantic has secured backing from its creditors for a £1.2bn rescue deal that will save 6,500 jobs.

In July, the airline ...

Barclays offers 600,000 payment holidays across £16bn of loans and cards

Posted on: 28.08.20

Barclays has offered 600,000 payment deferrals across £16bn of mortgages, loans and cards, while seeing £3.7bn losses on impaired assets, according...

Lloyds’ results analysis: Payment holidays reach 1.1m, as loss provisions hit £7.2bn 

Posted on: 28.08.20

Lloyds Banking Group has granted 1.1 million payment holidays across mortgages, personal loans and credit cards, as allowances for credit...

Co-operative Bank to cut 350 jobs 

Posted on: 27.08.20

The Co-operative Bank has announced proposals to reduce 350 roles and the closure of 18 branches.

In a statement, the bank explained that aside from the specific branches affected...

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