Keep up to date with the latest insurance and business news in our weekly round-up…

 

Government pay Eurotunnel £33m over no-deal ferry contracts

The government is to pay Eurotunnel up to £33m over its bungled no-deal Brexit ferry contracts.

LK Bennett lines up administrator

High-end fashion chain LK Bennett has lined up an administrator for the business as it desperately seeks funding to stay afloat, with EY preparing to oversee the insolvency if no new investment can be found.

Mutual insurance sector growth outstrips industry total

The mutual and cooperative insurance market has been the fastest-growing part of the global industry since the financial crisis, new research has uncovered.

British manufacturing job losses hit six-year high amid Brexit turmoil

Job losses in Britain’s manufacturing sector hit a six-year high in February, as Brexit uncertainty left the industry’s optimism at a record low, according to a closely followed metric.

FCA finalises no deal Brexit guidance

The Financial Conduct Authority has published a policy statement outlining near-final rules and guidance that will apply in case of a no deal Brexit.

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