BC Advantage Funds Receives Shareholder Approval for Voluntary Liquidation and Dissolution BC Advantage Funds (VCC) Ltd. July 29, 2016 20:14 ET NORTH VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 29, 2016) – B.C. Advantage Funds (VCC) Ltd. (the “Company”) announced today that at…
GREATER security for subcontract small businesses in the construction industry would increase their confidence to invest and employ more people, Housing Minister Mick de Brenni has declared. He has signed off on the engagement of Deloitte and Clayton Utz Lawyers to assist in the design of security of payment reform in Queensland based on analysis…
MADRID (AP) Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs. Repsol S.A. said Thursday its profits totaled 205 million euros ($225 million) in April through June, against 292 million euros for the period…
SINGAPORE – Offshore marine group Swiber Holdings on Friday (July 29) took out an application to place itself and its subsidiary Swiber Offshore Construction (SOC) under judicial management and interim judicial management. It had announced its winding-up application on Thursday (July 28), sending shock waves through the market. Swiber said that on Thursday, the directors…
Buy: William Hill (WMH) At 296p, William Hill shares are down on our previous buy tip, but the company recently refinanced its debt at virtually half the previous interest rate. For that reason, investment in the business, particularly online, should remain robust. A surprise departure by a chief executive tends to be taken badly, but…
Atlantic City, New Jersey’s gambling hub, will make its $3.4 million debt service payment due Aug. 1, Mayor Don Guardian said on Thursday amid concerns over whether the cash-strapped city would default. In legislation signed by Governor Chris Christie in May, the state committed to helping the city by providing a bridge loan while local…
The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. Reuters/Vasily Fedosenko Printer and copier maker Xerox Corp reported a higher-than-expected quarterly profit as restructuring efforts ahead of its planned split into two companies helped cut costs. The company, which is splitting to separate its printer business from its…
Australia’s corporate watchdog has alleged internet search company Uglii’s multibillion-dollar earnings projections are a sham and the existing managers should be removed to protect shareholders and creditors. Counsel for the Australian Securities and Investments Commission, Michael Pearce, QC, told a Federal Court hearing on Friday the Victorian firm was a house of cards built on wildly inflated and…
UK parliamentarians have criticised as wholly inadequate attempts by the former owner of retailer BHS to address the companys pension deficit and called for significant contributions to address the schemes underfunding. Philip Green was the focus of the parliamentary investigation into the retailers insolvency earlier this year, which followed Greens sale of BHS to Retail…
Notorious gambling figure Eddie Hayson has claimed that a $2000 cash deposit he made into the betting account of News Corp journalist Phil “Buzz” Rothfield was for NRL tickets. This version conflicts with the account provided to Fairfax Media by Rothfield, the sports editor-at-large at The Daily Telegraph and Sunday Telegraph. News Corp journalist Phil ”Buzz” Rothfield. Photo:…