Browsing: financial challenges News
The construction sector continues to grapple with high insolvency rates despite a decline in May’s figures.Construction remains the worst-hit sector for insolvencies, with 4,287 cases in…
Charles Henshaw & Sons, a long-standing envelope specialist, has filed for administration due to several financial challenges.The company, founded in 1904, encountered difficulties with legacy contracts…
British luxury brand Burberry is confronting a critical juncture as it assesses potential staff reductions. The consideration of job cuts arises amid significant financial challenges faced…
Data indicates a troubling rise in construction administrations over the last two months.A total of 31 construction firms entered administration in June, up from 23 in…
Ray O’Rourke steps down as CEO of Laing O’Rourke, passing the role to his son Cathal.Ray O’Rourke founded the company in 1977 and has been a…
The construction industry in England and Wales is facing unprecedented financial challenges, with insolvencies reaching an alarming peak.In the year leading up to April 2024, a…
The collapse of Geoffrey Osborne Ltd highlights significant financial challenges in the construction sector. As the company fell into administration, numerous trade creditors and firms were…
The construction SME sector is showing growth optimism despite financial hurdles.A significant 58% of construction SME owners anticipate order growth in 2025, indicating increasing confidence.Access to…
Rod Manley is poised to leave his role as the Chief Marketing Officer of Burberry, the renowned British luxury fashion label, signalling a pivotal shift in…
S&J European Haulage, based in Melton Mowbray, has succumbed to administration, marking the end of its operations spanning over four decades.The company initially filed two notices…
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