Insolvent businesses reacquired by their previous management in “pre-pack” administrations are much more likely to fail again and tend to repay far less to creditors, research for the Guardian suggests. The study is the latest to raise questions about the practice of “phoenixism” – accounting’s controversial art of liquidating companies to allow directors to return with a new entity, free of debts. The process tends to involve pre-pack administrations, where a supposed corporate rescue is agreed
For three decades, the recruitment industry treated Andrew Woosnam well. Having learned his trade during the 1990s, he graduated to create his own firm at the turn of the millennium – which allowed him to bank millions of pounds in salary, dividends and loans and to buy assets including a grand house in Berkshire once owned by the comedians Dawn French and Lenny Henry. But life has become much tougher of late for Woosnam, whose recruitment business has twice entered insolvency proceedings since
This article is Part 2 of a Fox News Digital exclusive series investigating trucking fraud, public safety, and assimilation concerns in southwest Ohio. You can read Part 1 here . MAINEVILLE, OHIO — A mosque rising amid rural homes and farmland in southwest Ohio has become a focal point in the community’s growing concerns over an influx of foreign-owned trucking companies and trucking fraud, with a Fox News Digital review revealing significant financial ties between the mosque, trucking companies
MANCHESTER, N.H. - Former White House Press Secretary Karoline Leavitt says President Donald Trump is determined to defy a challenging midterm political landscape as Republicans fight to defend their narrow majorities in the House and Senate. "The president is defiant, and he always is optimistic," Leavitt said this week in a Fox News Digital interview in her home state of New Hampshire. The GOP is fighting political history, as the party in power in Washington has traditionally lost seats durin
The tech billionaire accuses Ukraine of violating its terms of service by using the network for military activity.
NPR News · 18m ago
The U.S. has no national law for paid parental leave. But in states that do, more dads are using the benefit, sometimes more than moms. The change comes as Americans say having kids is unaffordable. (Image credit: Dania Maxwell for NPR)
NPR News · 18m ago
In a sign of the potentially dire midterm political environment, Republicans have spent millions of dollars playing defense in Arkansas, one of the most conservative states in the country. (Image credit: Stephen Fowler/NPR)
NPR News · 18m ago
As they look to win the Senate, Democrats are hoping that independent candidates in Nebraska and Montana can help them topple Republicans in a part of the country where their own brand is hurting. (Image credit: Austin Johnson)
BBC World News · 18m ago
'I cannot teach you integrity': How employee theft is hurting small businesses in Africa When popular Kenyan food creator That Girl Boina took a two-week holiday to Europe, she expected to relax. A week into the trip, an Instagram direct message exposed a problem that would ultimately lead to the closure of her business. "I was at your studio, I liked everything. The only problem was that I was asked to send money to a different number. It wasn't the number on the wall," a customer wrote to her.
