UK corporate insolvencies to rise in 2005-report

Newswire

LONDON, April 25 (Reuters) - The number of UK business failures rose in the first three months of 2005, up for the second straight quarter, while weak consumer confidence and the collapse of MG Rover are set to trigger more insolvencies this year, according to Experian. Research published on Monday by the credit-checking specialist showed the retail industry in particular had been hit hard by lower consumer confidence and spending. Business failures in the food retail sector rose 53 ...

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