Harlequin has sold thousands of homes in Caribbean – but few have been built

Property developer at centre of Panorama row has attracted investors’ angerIn the bars and on the bulletin boards of Barbados the word Merricks is frequently mentioned. A village on the island’s blustery south-east coast, it is also home to the eponymous “luxury” resort being developed by Harlequin Property.The football pundit Andy Townsend, who acts as […]
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Businesses resort to company voluntary agreements to stave off insolvency

Number of CVAs, which allow businesses to renegotiate their debts, rose by 32% to 924 last year, says accountancy firmBusinesses are increasingly using a little known procedure to stave off the threat of insolvency. The number of company voluntary agreements, which allow businesses to renegotiate their debts, increased by 32% in the last year to […]
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Retail bankruptcies rise 10% as high street cull continues

Clinton Cards and Game among the victims as retail industry bucks the trend for fewer corporate insolvenciesRetail insolvencies are accelerating as wet weather and dampened consumer confidence contributed to a 10% rise in bankruptcies over the past three months, with Clinton Cards and Game among victims of the high street cull.PricewaterhouseCoopers said retail had been […]
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More than 40 travel agencies crashed in 2012 thanks to downturn and disasters

Arab spring, Thai floods and online bookings add to industry problemsThe economic downturn, natural disasters and the Arab spring have combined with surging internet bookings to force 41 UK travel agents into bankruptcy during 2011, research reveals.The woeful year for the sector has worsened the deficit for the compensation pot that protects holidaymakers when operators […]
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