September News Archive

Altalia Faces Imminent Bankruptcy- it appears that the failing Italian airline, Alitalia, is almost bankrupt. Today, the administrator of the company published advertisements in Italian and UK newspapers seeking investors to save the long struggling airline. Alitalia is estimated to be losing over £1.5m per day.

Small Firms lack Business Continuity Expertise- a recent survey by YouGov has found that most owners of small firms are completely unprepared of their company suffered a major business disruption such as a fire, flood for power cuts.

Global Meltdown as Confidence in the Banking System Collapses- the credit crunch is now causing some of the world's largest financial institutions to fail under the collapse of investor confidence. The past week has seen the worst financial crisis in decades with the nationalisation of AIG, the collapse of Lehman's investment bank, the rescue of HBOS by Lloyds TSB....

XL Airways Collapse Leaves Holidaymakers Fuming- one of the largest holiday firms in the United Kingdom, XL Airways, country's third largest package holiday operator, has collapsed and been taken into administration. The company blames the "volatile fuel prices and economic downturn up"....

Retailers Can Benefit from Reduced Business Rates - a number of recent reports out this week have highlighted that an increasing number of firms are seeking assistance regarding the legality of making their staff redundant. As the global economic conditions continued to deteriorate, more and more businesses are expecting to cut staff costs and make more people redundant....