Court dismisses case against Anglo

The High Court has dismissed the "pathfinder" action by Century Homes co-founder Gerard McCaughey over expected losses from a high...

RECEIVERS ARE to take control of housebuilder McInerney on behalf of three banks owed €113 million

RECEIVERS ARE to take control of housebuilder McInerney on behalf of three banks owed €113 million after the Supreme Court yesterday ruled a...

Holidaymakers hit by tour operator collapse

Around 1,800 Briton have had their holidays cancelled as a result of the failure, while a further 525 customers are currently overseas. The ...

Barclays has lent £94billion to governments, businesses and households in Portugal, Ireland, Italy, Greece and Spain. HSBC has £23.5billion of exposure while Lloyds claimed it has only £86million of loans to Spain and Italy.

British banks have more than £200billion tied up in some of the Eurozone’s weakest economies, a major report revealed last night. Lenders in...

Citigroup Estimates It Has $22 Billion at Risk in Five European Countries

Citigroup Inc. (C), the third-biggest U.S. bank, estimated it has at least $22 billion in loans, trading assets and other “exposures” to Gre...

Southern Cross Healthcare's demise now moves from the financial markets to its care homes.

So far, the collapse of the largest care home operator in Britain has been played through a crashing share price and meetings in London hote...

Postal Paddy in Two Million Euro Fraud to Fund Gambling Habit

One of the Sunday newspapers in Ireland reported over the weekend how a postal service manager had disappeared after it had been discovered ...

Care home operator Southern Cross confirmed today that it is to close down after the landlords of its properties abandoned the company.

The group, which has 752 homes and 31,000 residents, has been locked in negotiations over a restructuring of the group's property arrang...

DRIVERS bought one billion fewer litres of fuel at the start of this year compared to the same period in pre-recession 2008

DRIVERS bought one billion fewer litres of fuel at the start of this year compared to the same period in pre-recession 2008, Britain's b...

UK retailers have closed 20 stores a day on average in 2011, as high street shops are hit by a downturn.

According to the research of multiple retailers, in 300 town centres – conducted of behalf of PwC – clothes, shoe shops and jewellers have b...

TJ Hughes forced to launch fire sale of stock

The turmoil on the high street was brought into sharp relief yesterday after the administrators of the Liverpool-based TJ Hughes announced a...

Llangollen Hotels Limited and parent company Global Investments Group. 100 job losses are being made at a business run by hotelier Stephanie Booth which is in administration.

The redundancies are at some of her hotels, a bar and children's play barns in north east Wales, Cheshire, and Shropshire run by Llangol...

Greece is bankrupt

A rose by any other name would smell as sweet. In the case of Greece, default by any other name just stinks! The plain truth: Greece is bank...

County Londonderry property developer whose company was placed into receivership by Anglo Irish Bank has been declared bankrupt.

County Londonderry property developer whose company was placed into receivership by Anglo Irish Bank has been declared bankrupt. Sean McWill...

Manhattan restaurateur behind the Buddha bar has filed for bankruptcy as he faces a $2million sexual harassment suit by a former Chanel model.

Frederick Lesort, 48, filed papers claiming he only has $10,711 assets but $5,432,086 in liabilities. The entrepreneur is facing a claim fro...