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Business 04-06-2018
Approval for Mothercare’s rescue package – 50 stores to close
A company voluntary arrangement (CVA) has been given the green light by Mothercare creditors, as the company moves forward in refinancing efforts. The CVA will see the closure of 50 underperforming branches, out of 137 total, by June 2019. The move is part of a plan to restructure operations in the UK, as Mothercare hope […]
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Business 02-06-2018
Network Rail arches sale endangering small businesses
Government owned Network Rail’s planned billion pound sale of railway arches to a private owner is set to put thousands of small businesses at risk of closure. Across England and Wales, tenants of the arches are being hit with rent increases of up to 500% on short notice, as well as some cases demanding as […]
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