The number of businesses filing for administration has surged by 37% since 2022, with real estate being one of the most affected sectors, according to data from The Gazette Official Public Record.

Residential developer Persimmon Homes is set to develop around 1,200 homes across the West Midlands, the firm has announced.

Fortress Investment Group has acquired arthouse cinema chain Curzon and its 16 cinema portfolio for £3.9m ($5m) at auction.