Financial services bankruptcies rise as MFS collapse ripples through sector Advisory The number of financial services companies entering administration spiked sharply in the first half of 2026 on the back of rising costs and the ripple effects of the collapse of mortgage provider Market Financial Solutions, according to a risk advisory firm. A total of 649 companies across sectors went under across the UK between January [...]
BTG Consulting cites poaching from ‘major competitors’ for boosted revenues Advisory London-listed professional services giant BTG Consulting’s revenue has spiked by 10 per cent for the financial year, partly driven by a push to poach senior talent from top competitors in the City. The consulting firm, previously known as Begbies Traynor before undergoing an official rebrand in February this year, said its revenue for the financial [...]
Kroll chief Jacob Silverman: AI won’t kill ‘mission critical’ advisory work Advisory Jacob Silverman arrives at Kroll’s vast City office for our interview fresh off a delayed flight from Atlanta, but you’d never know unless the bright-eyed New Yorker hadn’t mentioned it. Between sips of diet coke, the firm’s global chief executive offers Morning Wire an upbeat assessment of AI’s influence on the consultancy sector that seems [...]
Professional services firms’ future hinges on private equity, Kroll chief says June 4, 2026 Private equity has been rewiring the professional services industry over the last few years, and with the sector undergoing enormous disruption from AI, stagnant growth, and a highly competitive market, PE investment is increasingly becoming a lifeline for firms to stay afloat. According to Jacob Silverman, chief executive of advisory and consultancy firm Kroll, private [...]
In pictures: The Morning Wire Awards 2026 May 7, 2026 The great and the good of the Square Mile gathered on Wednesday night at the Guildhall to celebrate the best of UK PLC at this year’s Morning Wire Awards. The night was hosted by Oli Barrett, and headlined by our Editor-in-Chief Christian May with a guest speech by Brent Hoberman. A total of 12 businesses, [...]
Revealed: The 2026 Morning Wire Awards Winners May 7, 2026 Around 500 guests enjoyed a night of celebration at London’s Guildhall on Wednesday 6 May where the winners of the 2026 Morning Wire Awards were crowned. From 60 finalists across 12 categories, the judges chose their champions. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of Octopus Energy has become one of [...]
Claire’s and The Original Factory Shop collapse into administration, risking thousands of jobs January 6, 2026 High street chains Claire’s and The Original Factory Shop (TOFS) are being put into administration, after their owner said “last-ditch” measures had fallen through, putting about 2,500 UK staff at risk of redundancy. The two retailers had already undergone restructuring and were bought by investment firm Modella Capital last year. Modella said it had made [...]
Insolvencies ease in signs of UK businesses’ resilience July 18, 2025 Insolvencies declined slightly in June in signs UK businesses under pressure from higher costs have weathered through tax rises and low national spirits. In new data published by the Insolvency Service, company insolvencies fell by eight per cent in June compared to the month before. The number of insolvencies – 2,043 – was also 16 [...]
Exclusive: Small businesses under-prepared amid restructuring push April 24, 2025 Small businesses in the UK are feeling under pressure as mounting threats of cyber-security and economic instability push them towards restructuring, Morning Wire can reveal. Less than one-third of British firms feel very equipped to deal with potential business challenges, according to data from financial and risk advisory firm Kroll. The survey of 350 senior [...]
Early action, better odds: Why UK businesses must act before it’s too late April 14, 2025 UK businesses are struggling through the rapid economic changes. So when the breaking point comes, the earlier they act, the better chance they have