Photo: Locomore. A crowdfunded German train operating company that began running services in 2016 has filed for insolvency. Locomore was launched as a low-cost alternative to DB but despite growth in its revenue- the venture has not become cost-effective. In a statement released on its website, a spokesperson for Locomore said (Translated from German): Both…
SIPPING on an espresso latte while waiting for a loved one to arrive at the Gladstone Airport will no longer be as simple as placing an order at the arrivals cafe. Last week the the Cafe Espresso, located in the Gladstone Airport arrivals area, closed for good after operator Lortons, better known as Gladstone Catering…
News Jessica Fino 16 May 2017 04:39pm The former owner of BHS, Retail Acquisitions Limited (RAL), has been declared insolvent by the High Court of Justice, despite Dominic Chappells effo… Read the full article at: http://economia.icaew.com/news/may-2017/retail-acquisitions-declared-insolvent
News Jessica Fino 16 May 2017 04:39pm The former owner of BHS, Retail Acquisitions Limited (RAL), has been declared insolvent by the High Court of Justice, despite Dominic Chappells effo… Read the full article at: http://economia.icaew.com/en/news/may-2017/retail-acquisitions-declared-insolvent
The federal government’s housing affordability package is a “sham”, Labor’s Chris Bowen says, and the measures set out in the 2017 budget will simply drive up prices. Mr Bowen, in his budget reply speech at the National Press Club on Wednesday, will slam the Coalition for quietly raising Australia’s debt ceiling to $600 billion on…
UAE residents struggling to meet their financial obligations are now more open to seeking help as a result of The Nationals Debt Panel column, a round-table discussion revealed yesterday. During the session, The Debt Panel One Year On, delegates discussed how the stigma surrounding personal indebtedness has eased since the launch of the advice slot…
The restructuring is an important step forward in rue21’s ongoing business transformation into a more focused and highly performing retailer. Last month, the Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations, better align the size of its footprint with market realities, and focus…
As an alternative to employer-funded student loan repayment assistance benefits, Student Markets Group, Inc. d/b/a StuLo, provides significantly more benefit value at little to no cost to the employer. Phoenix, Arizona (PRWEB) May 16, 2017 Student Markets Group Inc. has announced the launch of StuLo, an employee and association-member benefit program that is focused on…
The Insolvency and Bankruptcy Code, 2016 (Insolvency Code) has been one of the biggest Indian reform of recent times, which has moved the regime away from one that was highly uncertain for foreign investors. Among other important changes, the Insolvency Code contemplates change in control of the company during the insolvency resolution process to an…
David Koch on whether you should get a credit card. Make a plan to pay off your credit card every month. ITS time to disappoint the banks and become a deadbeat. While it may sound like an insult, the term deadbeat is used in the world of finance to describe someone who pays their credit…