The first quarter of 2024 has been marked by significant developments in the global economic landscape, influenced by financial restructuring, challenges stemming from a looming recession, geopolitical circumstances, and a notable increase in bankruptcy filings and corporate takeovers, particularly in the UK, USA, and Australia. Financial Restructuring and Bankruptcy Trends: The year began under the…
All posts tagged UK economy
Hargreave Hale AIM VCT reports improved performance in Q2 2023
LONDON, UK: Hargreave Hale AIM VCT PLC, a venture capital trust that invests in small and medium-sized enterprises, released its interim management statement for the second quarter of the 2022/23 financial year, covering the period from 1 January 2023 to 31 March 2023. The company reported a net asset value (NAV) per share of 62.3…
Largely grounded route network continues to strangle UK economy
LONDON: Over 860,000 passengers travelled through Heathrow in July, down 88% on the previous year. This reflects a slight uplift in passenger traffic, since the start of this crisis, driven by the Government’s creation of the first ‘travel corridors’ on July 4th. More than half of these passengers, over 480,000, ventured to European destinations to…