Businesses in “Critical Distress,” Bankruptcies Surge in the UK by Don Quijones • May 7, 2019 • 21 Comments “Zombie firms,” kept alive by low interest rates, account for up to 14% of UK companies.
London Home Prices Had Biggest Monthly Drop Since Lehman by Don Quijones • Apr 20, 2019 • 31 Comments February was bad. Housing market weakness is now spreading out from London.
UK-Based Multinational Department Store Debenhams Collapses, After 200 Years of Trading by Don Quijones • Apr 9, 2019 • 50 Comments “The traditional private equity model should have no place in retail.”
UK Auto Sales Now Down 15% in Q1 from 2 Years Ago. Diesels in Death Spiral by Don Quijones • Apr 5, 2019 • 29 Comments But “superminis” are hot.
Currency-Trading Algos “Flummoxed” by Rapid-Fire Brexit Headlines by Wolf Richter • Apr 4, 2019 • 57 Comments AI Not There Yet?
Just Get Brexit Over With? Businesses Fear Prolonging the Uncertainty by Don Quijones • Mar 18, 2019 • 35 Comments “In addition to uncertainty about what’s going to happen, now there’s uncertainty about when it will happen.”
Outsourcing Giant Interserve with 65,000 Employees Collapses by Don Quijones • Mar 15, 2019 • 37 Comments Shareholders wiped out, 14 Months after competitor Carillion Collapsed.
Transition to Cashless Society Could Lead to Financial Exclusion and System Vulnerability, Study Warns by Don Quijones • Mar 14, 2019 • 68 Comments “Serious risks of sleepwalking into a cashless society before we’re ready – not just to individuals, but to society.”
Automakers in the UK Are Not Amused by Don Quijones • Mar 2, 2019 • 55 Comments Laying off workers and closing plants as exports and production plunge — Jaguar Land Rover is the biggie.
Balance Sheet “Error” Wreaks Havoc on UK’s Fastest Growing, Most Popular Bank by Don Quijones • Mar 1, 2019 • 25 Comments But (well-connected?) investors started smelling a rat 10 months before the first disclosure.
