FEMA Report Steps Up Push to Put States in Driver’s Seat of Disaster Recovery

The Trump administration’s long-awaited final report on Federal Emergency Management Agency (FEMA) reforms aims to make states chiefly responsible for disaster recovery while tapping resources of the federal agency for support.

Administrations fall in April but grow year on year

Construction firm failures in April decreased by a third compared with the previous month. This reversed a trend seen in March when administrations surged to 36. Data from Creditsafe shows there were 23 collapses in April, up 9 per cent on the same month last… The post Administrations fall in April but grow year on year appeared first on Construction News.

Claire’s closes all stores as repeated administrations take toll

According to administrator Kroll, 154 stores have now been shut, although the chain's 350 concessions will remain open. The post Claire’s closes all stores as repeated administrations take toll appeared first on Property Week.

Administrations hit highest March figure since 2023

Administrations in the construction sector reached their highest March total since 2023, new Creditsafe data shows. The number of firms failing has surged by two thirds compared with February, which saw 22, and marks the worst month of the year so far. There were 36… The post Administrations hit highest March figure since 2023 appeared first on Construction News.

Frogmore to exit fund management business

The company confirmed the move after a series of recent administrations as it winds down its £400m FREP III value-add fund, with a host of schemes being sold off or handed back to lenders. The post Frogmore to exit fund management business appeared first on Property Week.