Monday, October 20, 2008

expect some serious job losses, maybe gordon will buy these companies too

Big jump seen in number of UK companies in trouble

The number of distressed British businesses was almost 500 percent higher in the third quarter than in the same period a year ago, corporate restructuring specialist Begbies Traynor will reveal on Monday, according to the Financial Times. In a sign of the effect of the global financial crisis on the wider economy, 4,566 companies are facing critical problems compared with 791 in the third quarter of 2007, it said.

Posted by mark @ 10:21 AM (505 views)
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