| Delayed 12:10:00 2024-07-16 EDT | 5-day change | 1st Jan Change | ||
| 0.7722 GBX | +0.15% |
|
-1.25% | -1.72% |
| 02:01am | DIARY-Top Economic Events to September 30 | RE |
| 07-15 | Mosman Oil and Gas Limited Announces Production Results for the Three Months and Year Ended June 30, 2024 | CI |
LONDON (Reuters) - The number of companies in England and Wales declared insolvent in November was 21% higher than a year earlier, government figures showed on Friday, adding to the pattern of higher corporate failures as the Bank of England raises interest rates.
The Insolvency Service, a public body, said there were 2,466 registered company insolvencies during the month.
The BoE raised rates 14 times between December 2021 and August this year, taking Bank Rate from 0.1% to 5.25%. On Thursday, the BoE kept borrowing costs at that level and said they would need to stay high for an extended period.
(Reporting by William Schomberg; Editing by Alistair Smout)
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5d. change
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Capi.
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|---|---|---|---|---|---|
| 0.8402 GBX | -0.00% | -0.64% | - | ||
| 0.7722 GBX | +0.15% | -1.25% | - | ||
| 0.5641 GBX | +0.06% | -1.66% | - | ||
| 0.5186 GBX | -0.52% | -1.54% | - | ||
| 0.009243 GBX | +0.14% | -2.13% | - | ||
