Companies going bankrupt/into administration

[kenneal - lagger]

A profit making company could buy up these fracking companies, having lost the debt in the bankruptcy sale, and keep production going if the oil and gas price rises slightly.

As I understand it, the companies producing oil and oil and gas from a well were making money while the gas only wells were losing money. RGR would probably have been able to put me right on this so there were some disadvantages in banning him. But the lack of crowing is something to be thankful for.

[Mark]

Chesapeake oil, poster child of us fracking, gone bust

https://www.theguardian.com/environment ... l-industry

Isn't it good to not have a butthead butting in with an upbeat refutation of and optimistic forecast for its future?

Don't worry, he'll be watching....
Plus GCHQ, CIA, China, Russia etc.
Even though he was an @rse, he was free to be one...

[Catweazle]

I appreciated his inputs as a balance. Sadly it came with some kind of personality problem.

[adam2]

Edinburgh woolen mill chain of shops and other brands under the same ownership said to be close to collapse.

https://www.bbc.co.uk/news/business-54477265

[BritDownUnder]

Edinburgh woolen mill chain of shops and other brands under the same ownership said to be close to collapse.

https://www.bbc.co.uk/news/business-54477265

I remember spending what seemed like an eternity with my mother in one of those shops waiting for her to decide on what to get.
Karma.

[Mark]

Edinburgh woolen mill chain of shops and other brands under the same ownership said to be close to collapse.

https://www.bbc.co.uk/news/business-54477265

I remember spending what seemed like an eternity with my mother in one of those shops waiting for her to decide on what to get.
Karma.

Maybe she was trying to cross a sheep with a kangeroo ?

[Mark]

Is the dream over for the man who built the Trafford Centre ?
https://www.manchestereveningnews.co.uk ... t-18473287

The Trafford Centre is John Whittaker's personal 'baby' and remained extremely popular, even with the march of Internet Shopping......
He's still worth £2billion - doubt he'd just let it go to the wall..., but some of the other parts of Intu might not be so lucky...
https://en.wikipedia.org/wiki/John_Whit ... sinessman)

How many times have we said - the taxation being levied on DODGY TAX AVOIDERS and their like needs to be greatly increased - and quickly....

The Trafford Centre makes major new ownership announcement:
https://www.manchestereveningnews.co.uk ... w-19256612

Somebody somewhere has lost an awful lot of money.....

[kenneal - lagger]

.................... Somebody somewhere has lost an awful lot of money.....

But, remember, not until they come to sell their shares! Although the share owners, and their bankers, might not see it that way.

[RenewableCandy]

Edinburgh woolen mill chain of shops and other brands under the same ownership said to be close to collapse.

https://www.bbc.co.uk/news/business-54477265

I remember spending what seemed like an eternity with my mother in one of those shops waiting for her to decide on what to get.
Karma.

Probably nearly as long as I've spent in them looking for anything made out of actual wool.

Pity, because ages ago they were my go-to for smart woollen jumpers.

[adam2]

Arcadia are on the brink.
https://www.bbc.co.uk/news/business-55099374

Various rescue efforts have failed and administrators could be appointed as soon as Monday. Very sad for those thrown out of work.

[kenneal - lagger]

I doubt that Sir Philip Green will lose too much money though. He's probably extracted all he can from the company and will save some tax with his "losses" when the company folds.

[adam2]

Arcadia now in administration. No immediate job losses.
In the longer term I see regrettably little hope for many of the shops. Internet shopping has been replacing the high street for years, a trend accelerated by the pandemic.

[careful_eugene]

Following the Arcadia collapse it looks like Debenhams will follow as JD Sports have pulled out, 12000 jobs will be lost.
https://www.bbc.co.uk/news/business-55142724

[kenneal - lagger]

Arcadia now in administration. No immediate job losses.
In the longer term I see regrettably little hope for many of the shops. Internet shopping has been replacing the high street for years, a trend accelerated by the pandemic.

This trend is being exacerbated by the fact that many online retailers, including the one that we don't name, don't pay tax and can therefore drop their prices significantly. We will see far more shops going out of business until the government stops this unfair competition.

[Catweazle]

It's true they pay minimal tax but that's not the only reason. They have huge warehouses with sophisticated robot stock control, in fact the only human contact some orders have is putting them in the box and sticking the label on.

That massive investment in tech plus massive out-of-town depots makes it impossible for high street retailers to compete. They have focused on delivering a quality service from the beginning and it's paying off big time.