A sharp rise in creditors using court action to recover debts has fuelled fears of a jump in insolvencies. The number of county court judgments lodged against companies in the three months to the end of September was 21,764, a rise of 51 per cent on the previous quarter. Begbies Traynor, the restructuring firm, warned that the latest figure ...
Apple and Amazon both disappointed investors with their earnings reports last night as they warned of continuing disruption to their supply chains. Shortages knocked Apple’s sales by $6 billion in the latest three-month period and it said that the impact could get worse in the remainder of the year. Tim Cook, its chief executive, described “larger than expected supply ...
Facebook has announced that it is changing its holding company name to Meta in its biggest corporate shake-up since it was founded 17 years ago. Mark Zuckerberg, who created the social media site Facebook in a Harvard University dorm room in 2004, said the name change represents the company’s significant shift in focus towards building a “metaverse” for its ...
A booming mortgage market and an economic recovery that made it less likely that Covid-hit borrowers would default on loans helped Lloyds Banking Group double its profits in the three months to September. The group, which owns Halifax and is the UK’s largest mortgage lender, benefited from an increase in demand for larger homes linked to the pandemic “race ...
Forget gold, vintage wines and fine art: investors and landowners are being urged to put their money into Tamworth pigs, Dalmatian pelicans and ponds dug by beavers. The Real Wild Estates Company says it has tens of millions of pounds already pledged to acquire land to rewild, restore biodiversity, store carbon – and make a healthy return for investors. ...
Amazon’s profits declined by the largest percentage in more than four years as the online giant said it has spent heavily on coping with the pandemic and delivered a downbeat forecast for the holiday season. Net income decreased to $3.2bn in the third quarter compared with $6.3bn in the third quarter of 2020, its largest year-over-year decline since 2017. ...
Homeowners face the biggest rise in mortgage costs since the financial crisis, with the amount of interest they pay set to jump by 13% in 2023, data from the government’s independent forecasting unit suggests. Politicians and analysts seized on a table “buried” in a report published by the Office for Budget Responsibility (OBR) alongside the budget, which stated that ...
We spoke with Shamayun Miah, who has been in the technology industry helping organizations move to digital. Here is what we have learned from his recent Cloud Migration experience in Banking. Many firms are adopting SaaS, IaaS, PaaS and migrating their workloads to Hyperscalers. It allows them to analyze large volumes of data, run more advanced analytic models, ship new ...
Old-fashioned landlords and property managers sometimes still collect rent money via mailed check, or even in person. If you’ve been managing rental properties for many years, or even decades, your reluctance to change is understandable. But for modern landlords, with modern tenants, it’s much more advantageous to collect rent online. With the right online platform, you can quickly and ...
The town of Mougins is located in the region of Alpes-Maritimes in the southeast of France, near the famously elegant Cannes resort. Mougins is adorable, surrounded by trees, and has a spectacular view. With many of the homes, find a Mougins property for sale. Mougins comprises numerous elegant older residences along small cobblestone boulevards dotted with a plethora of ...