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European High Growth Opportunities Securitization Fund ("EHGO"), an institutional investment fund based in Luxembourg, has announced that it will be making an application for the Iconic Labs ("Iconic") ....
Chancellor Rishi Sunak introduced furlough as a way of sustaining viable jobs SOME businesses are using the furlough scheme to “kick the can down the road” and keep unviable jobs going, it has been claimed. The chancellor’s scheme for supporting jobs has been extended to the end of September, with the Treasury’s contribution is due to be reduced in July and tapered out after that. But Gemma Murphy, director and human resources consultant at Ringwood-based ViewHR, said many jobs protected by furlough were unlikely to viable. She said: “We have had the unfortunate job of working with many businesses who have had to make redundancies during the pandemic. On the positive side, this has allowed the businesses involved to be sustainable so that they can focus on what they have left and the skills they have to help grow their businesses. ....
More companies face insolvency as government support comes to an end, experts have warned BUSINESSES face a “huge” risk of insolvency the coming months as a host of factors combine to threaten their future, it is claimed. Government support has kept thousands of firms from becoming insolvent in the Covid crisis – but there are warnings that the situation could worsen. The Federation of Small Business has warned 250,000 small businesses could close this year. The insolvency practice Antony Batty said there were four key factors putting extra pressure on businesses: The first repayments falling due for coronavirus business interruption loans (CBILs) ....