reddog Posted February 9, 2019 Author Share Posted February 9, 2019 9 hours ago, Quicken said: Reading Uni making a charge. Nice bit of creative accounting here: https://www.theguardian.com/education/2019/feb/09/reading-university-in-crisis-amid-questions-over-121m-land-sales Very interesting, but could a university totally go bankrupt? Personally I doubt it, however reckless the university employees are it will get some sort of bail out or forced merger with another university. In some ways the suprising thing is that universities aren't more reckless. Quote Link to comment Share on other sites More sharing options...
Giraffe Posted February 9, 2019 Share Posted February 9, 2019 (edited) Quote Very interesting, but could a university totally go bankrupt? Yes, of course. and then start operating again 24h later as if nothing had happened. It's only numbers on a screen. Are you not going to go to Reading University because they have 0 debt? Edited February 9, 2019 by Giraffe Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted February 14, 2019 Share Posted February 14, 2019 WASHINGTON, Feb 14 (Reuters) - U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. https://www.reuters.com/article/us-usa-economy-retail-idUSKCN1Q31XG Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted February 14, 2019 Share Posted February 14, 2019 13 minutes ago, PeanutButter said: WASHINGTON, Feb 14 (Reuters) - U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. https://www.reuters.com/article/us-usa-economy-retail-idUSKCN1Q31XG Bloody Brexit Quote Link to comment Share on other sites More sharing options...
koala_bear Posted February 14, 2019 Share Posted February 14, 2019 1 hour ago, LetsBuild said: Bloody Brexit Federal Government shut down, history shows this is mostly lost spending rather than deferred when staff eventually get back pay as they tend to save it instead. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted February 14, 2019 Share Posted February 14, 2019 33 minutes ago, koala_bear said: Federal Government shut down, history shows this is mostly lost spending rather than deferred when staff eventually get back pay as they tend to save it instead. Yes save it for the next Trump hissy fit Quote Link to comment Share on other sites More sharing options...
koala_bear Posted February 14, 2019 Share Posted February 14, 2019 21 minutes ago, PeanutButter said: Yes save it for the next Trump hissy fit Or their next tax return! Lots of middle America paying far more than expected! Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted February 14, 2019 Share Posted February 14, 2019 4 hours ago, koala_bear said: Or their next tax return! Lots of middle America paying far more than expected! Yes I noticed that. They’re all whinging about having to pay out instead of getting tax back Suckers Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted February 14, 2019 Share Posted February 14, 2019 Airbus Will Stop Making the World’s Largest Passenger Jet https://www.bloomberg.com/news/articles/2019-02-14/airbus-buries-a380-flagship-drawing-curtain-on-jumbo-jet-era I'm not saying they're going under but .... Quote Airbus said as many as 3,500 jobs are affected by the decision. Quote Link to comment Share on other sites More sharing options...
MarkG Posted February 16, 2019 Share Posted February 16, 2019 To be fair, the A380 was a dumb idea from the start. It was just a question of when it went under, not if. Quote Link to comment Share on other sites More sharing options...
reddog Posted February 16, 2019 Author Share Posted February 16, 2019 (edited) Flybe airline just went down, hope no one has any flights booked with them. Edited February 16, 2019 by reddog Quote Link to comment Share on other sites More sharing options...
Quicken Posted February 16, 2019 Share Posted February 16, 2019 Flybmi. https://www.bbc.co.uk/news/uk-47267901 Quote Link to comment Share on other sites More sharing options...
The Preacherman Posted February 16, 2019 Share Posted February 16, 2019 Tpo Mobile has gone into administration https://www.telegraph.co.uk/technology/2019/02/15/mobile-phone-network-backed-wikipedia-founder-collapses/ Quote Link to comment Share on other sites More sharing options...
bushblairandbrown Posted February 18, 2019 Share Posted February 18, 2019 Honda Swindon plant https://www.bbc.co.uk/news/business-47282603 Quote Link to comment Share on other sites More sharing options...
ftb_fml Posted February 18, 2019 Share Posted February 18, 2019 2 hours ago, bushblairandbrown said: Honda Swindon plant https://www.bbc.co.uk/news/business-47282603 Wow - didn't expect that although I suppose it's hardly surprising given the general state of things.. Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted February 18, 2019 Share Posted February 18, 2019 1 hour ago, ftb_fml said: Wow - didn't expect that although I suppose it's hardly surprising given the general state of things.. Not saying I was expecting this either but doing a bit of digging - It's old. Its had a good run. Its a success story really - over 3 million cars made. http://www.swindonweb.com/index.asp?m=8&s=116&ss=362&t=PLANES%2C+TRAINS+AND+AUTOMOBILES "Triumph Acclaim: the first collaboration between BL cars and Honda in the early 80s heralded a new era for car production in Swindon, the success of which directly influenced the Japanese car giant's decision to build a factory here in 1985" https://www.pcubed.com/bulletins/lifecycle-manufacturing-plant-birth-old-age "Renewal and Death: Accepting the Inevitable As in life, there reaches a point in every business and factory where the original going concern is no longer justified. There are very few high-performing plants that remain from 1980s boom." Quote Link to comment Share on other sites More sharing options...
regprentice Posted February 19, 2019 Share Posted February 19, 2019 (edited) This is an interesting flip side to all these trade deals we will be doing in future. As i understand it the EU have recently removed tariffs on goods coming in from Japan. This removed a large incentive for Honda to base in the UK (or the EU). The more international trade deals we sign as Brexit evolves (or if we stay in the EU or the CU, that the EU sign) the more chance there is of this kind of activity increasing. In a tariff free environment I only see two costs that will impact a companies decision where to manufacture their goods, the cost of shipping, and the relative cost vs quality of producing in low wage environments like Romania or Brazil (like Renault for example) Actually i can see a third reason. The Govt just made it very clear how much cash they were willing to bung Nissan not to shut their warehouse. they've set a dangerous precedent there Its not just cars, there are many other Japanese industries producing goods in the UK. I live a mile from a Mitsubishi factory producing Air Con units in Livingston. I'd imagine shipping those nice, small, boxy units its cheaper and easier and cheaper than shipping cars. Edited February 19, 2019 by regprentice Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted February 19, 2019 Share Posted February 19, 2019 25 minutes ago, regprentice said: This is an interesting flip side to all these trade deals we will be doing in future. As i understand it the EU have recently removed tariffs on goods coming in from Japan. This removed a large incentive for Honda to base in the UK (or the EU). The more international trade deals we sign as Brexit evolves (or if we stay in the EU or the CU, that the EU sign) the more chance there is of this kind of activity increasing. In a tariff free environment I only see two costs that will impact a companies decision where to manufacture their goods, the cost of shipping, and the relative cost vs quality of producing in low wage environments like Romania or Brazil (like Renault for example) Actually i can see a third reason. The Govt just made it very clear how much cash they were willing to bung Nissan not to shut their warehouse. they've set a dangerous precedent there Its not just cars, there are many other Japanese industries producing goods in the UK. I live a mile from a Mitsubishi factory producing Air Con units in Livingston. I'd imagine shipping those nice, small, boxy units its cheaper and easier and cheaper than shipping cars. its happening in a lot of industries. I know of a large company which shut its UK manufacturing two years ago and relocated a lot of it to Romania and Brazil. the quality has gone down and we end up with a lot of rework but it is still cheaper for the manufacturer to do this. A race to the bottom and I am not sure how this will be stopped Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted February 19, 2019 Share Posted February 19, 2019 13 hours ago, hotblack42 said: Not saying I was expecting this either but doing a bit of digging - It's old. Its had a good run. Its a success story really - over 3 million cars made. http://www.swindonweb.com/index.asp?m=8&s=116&ss=362&t=PLANES%2C+TRAINS+AND+AUTOMOBILES "Triumph Acclaim: the first collaboration between BL cars and Honda in the early 80s heralded a new era for car production in Swindon, the success of which directly influenced the Japanese car giant's decision to build a factory here in 1985" https://www.pcubed.com/bulletins/lifecycle-manufacturing-plant-birth-old-age "Renewal and Death: Accepting the Inevitable As in life, there reaches a point in every business and factory where the original going concern is no longer justified. There are very few high-performing plants that remain from 1980s boom." It was built to allow them to access the EU market without having to pay tariffs. The new trade deal between the EU and Japan will remove those tariffs so the reason for the plants existence has gone. We can expect all of the other Japanese assembly plants in the UK to be closed over the next few years. I love the local MPs insistence that this was nothing to do with Brexit. Well nothing apart from Brexit removing the UK's say/veto over the terms of the EU trade deal. Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted February 19, 2019 Share Posted February 19, 2019 1 hour ago, regprentice said: This is an interesting flip side to all these trade deals we will be doing in future. As i understand it the EU have recently removed tariffs on goods coming in from Japan. This removed a large incentive for Honda to base in the UK (or the EU). The more international trade deals we sign as Brexit evolves (or if we stay in the EU or the CU, that the EU sign) the more chance there is of this kind of activity increasing. In a tariff free environment I only see two costs that will impact a companies decision where to manufacture their goods, the cost of shipping, and the relative cost vs quality of producing in low wage environments like Romania or Brazil (like Renault for example) Actually i can see a third reason. The Govt just made it very clear how much cash they were willing to bung Nissan not to shut their warehouse. they've set a dangerous precedent there Its not just cars, there are many other Japanese industries producing goods in the UK. I live a mile from a Mitsubishi factory producing Air Con units in Livingston. I'd imagine shipping those nice, small, boxy units its cheaper and easier and cheaper than shipping cars. Indeed Sony and Panasonic have already made announcements about shrinking/closing plants in the UK. This particular tariff free environment only came about because the UK was excluded from the negotiation after we decided to leave the EU. Until then the negotiations were deadlocked because most of the cost of lifting tariffs fell on the UK. Without us on board it became much easier for the EU and Japan to agree a Win Win deal. Quote Link to comment Share on other sites More sharing options...
rollover Posted March 1, 2019 Share Posted March 1, 2019 Quote Kate Middleton's favourite High Street fashion brand LK Bennett is set to file for administration Daily Mail Quote Link to comment Share on other sites More sharing options...
A third of everything Posted March 2, 2019 Share Posted March 2, 2019 Better bathrooms in administration... guess without the cheap refurb btl brigade they felt the pinch Quote Link to comment Share on other sites More sharing options...
neon tetra Posted March 2, 2019 Share Posted March 2, 2019 4 hours ago, A third of everything said: Better bathrooms in administration... guess without the cheap refurb btl brigade they felt the pinch The business is going down the plug hole. It can no longer wash its face. Quote Link to comment Share on other sites More sharing options...
Council estate capitalist Posted March 2, 2019 Share Posted March 2, 2019 13 hours ago, A third of everything said: Better bathrooms in administration... guess without the cheap refurb btl brigade they felt the pinch This was posted on a property trader facebook group, First few replies were suggesting that it presented a great opportunity to stock up for pence in the pound from the administrators. Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted March 2, 2019 Share Posted March 2, 2019 13 hours ago, A third of everything said: Better bathrooms in administration... guess without the cheap refurb btl brigade they felt the pinch Not surprised - they were a right shower... Quote Link to comment Share on other sites More sharing options...
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