BT will cut 4,000 jobs as part of a £300m corporate shake-up of its overseas operations, the telecoms giant announced this morning. The firm’s Global Services division has been a thorn in the side of the telecoms giant, with two mammoth accounting scandals over the last 10 years. The latest, a £530m blackhole unearthed in…
In a chat with ET Now, Chintan Lakhani, India Ratings & Research, says expecting positive impact on REITs issue and following InvIT issues which are expected to come. Edited excerpts: Can you walk us through as to how InvITs are going to help deleverage the infrastructure companies balance sheets? Our report covers infrastructure InvITs, the…
A UK firm found responsible for orchestrating 99.5 million nuisance calls has been fined a record £400,000 (US$517,550) by the Information Commissioners Office. Keurboom Communications which has been placed in liquidation in a move that means its unlikely that the fine will be paid was issued with the ICOs highest-ever nuisance call fine after more…
snowturtle/Shutterstock.com SOFIA (Bulgaria), May 11 (SeeNws) – Sofia Airport has swung to a net loss of 13.8 million levs ($7.67 million/7.05 million euro) in 2016 from a net profit of 5.6 million levs in 2015, the company said. Sofia Airport suffered ‘impairment of receivables’ from insolvent Corpbank in the amount of 25.5 million levs last…
IPOH: As many as 5,845 people in Perak were declared bankrupt by the Malaysian Insolvency Department (MDI) from 2012 to last year, said its Perak director Hezlin Haldi. He said according to records, those individuals were between the ages of 35 to 44. “Most of these cases were due to problems with personal, vehicle and…
Debt consolidation can be a valuable repayment program even for businesses in Las Vegas according to a recently published National Debt Relief article. The article titled “How Debt Consolidation Can Help Las Vegas Businesses Get Back on Track” released April 13, 2017 aims to help business owners see the benefits of consolidating their debts. Las…
Provisions to rehabilitate the state’s 450 mines in NSW are inadequate, their required outcomes vague and the risks of long-term failure are uncovered, according to a report by the Auditor-General. While the total value of deposits made by mining companies had quadrupled since 2005 from $500 million to $2.2 billion as of the end of last year, the…
IPOH: As many as 5,845 people in Perak were declared bankrupt by the Malaysian Insolvency Department (MDI) from 2012 to last year, said its Perak director Hezlin Haldi. He said according to records, those individuals were between the ages of 35 to 44. “Most of these cases were due to problems with personal, vehicle and…
The company logo for BT is seen on the BT Tower in London Thomson Reuters LONDON (Reuters) – BT said on Thursday it would cut 4,000 jobs in its Global Services unit that serves multinationals and scale back its dividend growth ambitions in a drive to recover from an accounting scandal and a profit warning.…
NEW YORK, May 10, 2017 /PRNewswire/ — New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced today its financial results for the first quarter ended March 31, 2017. Financial Results Liquidation Basis of Accounting As a result of NYRT’s shareholder approval…