Reuters: Bankruptcy News: UK company insolvencies highest since Q4 2009

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UK company insolvencies highest since Q4 2009 May 4th 2012, 08:54 LONDON | Fri May 4, 2012 4:54am EDT LONDON May 4 (Reuters) - Company insolvencies in England and Wales rose by an annual 4.3 percent in the first three months of 2012 to their highest level since late 2009, official data showed on Friday, raising doubts about the health of the economy. The Insolvency Service, a government agency, said that 4,303 businesses went into liquidation in the first quarter of 2012, the highest seasonally adjusted total since the last quarter of 2009, when Britain had just emerged from a deep recession. Official data last month showed that Britain had entered a shallow recession, though more upbeat business surveys mean that the Bank of England and private-sector economists take a more positive view. There was better news for individuals, with the number of personal insolvencies 4.7 percent lower than a year earlier at 28,723 in the first three months of 2012, the lowest total since the last three months of 2008. These figures are not available on a seasonally adjusted basis.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions