Business recovery practice Begbies Traynor has said the number of failing companies has increased this year due to ongoing political uncertainty and a slowdown in consumer spending. Begbies Traynor said it was well placed to capitalise on the growing number of insolvencies in the UK, which are beginning to rise after years of decline. The…
Store Twenty One, the discount fashion chain, has gone into liquidation, resulting in the loss of 900 jobs. The retailer has been on the brink of collapse for a number of weeks after it failed to raise any extra cash from its main lender, State Bank of India. In a rush to raise funds its owner,…
Former Cardiff City and Manchester United player Philip Mulryne has been ordained a Roman Catholic priest in the Dominican Order. Mulryne was a product of the Red Devils’ youth academy and made five appearances for Sir Alex Ferguson’s side before joining Norwich City for £500,000 in 1999. Read More He made more than 150 appearances…
Geneva: A Swiss court has rejected a 36.5-million-euro claim against tennis legend Boris Becker by a former business partner, according to a judgment published Monday. Swiss businessman Hans-Dieter Cleven claimed the German former world number one owed him 40 million Swiss francs ($41.4 million, 36.5 million euros), after Becker was declared bankrupt by a court…
TRANSTEC AG: * SUCCESS OF RESTRUCTURING OF COMPANY AS WHOLE IS DOUBTFUL, REORGANIZATION OR SALE OF INDIVIDUAL BUSINESS UNITS BACK IN FOCUS * MANAGEMENT BOARD DECIDED TO CONCENTRATE PRIMARILY ON THE REORGANIZATION OR SALE OF INDIVIDUAL BUSINESS AREAS Source text for Eikon: Further company coverage: (Gdynia Newsroom) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In IT Services &…
Stock market-listed Wanda Film Holdings is to buy up Wanda Media in the latest reshuffle of businesses within the Dalian Wanda property to entertainment giant. Wanda Films shares are suspended from trading on the Shenzhen Stock Exchange and the company says it needs a month to undertake the restructuring. The company says it will reveal…
Jawbone struggled to make headway against Fitbit. JAWBONE died from overeating. After years of struggling against dominant competitors like Fitbit and Samsung, multiple strategic shifts and failures, the fitness tracker company has gone into liquidation. The collapse of Jawbone, which at its peak in 2014 was valued at $US3.2 billion ($4.2 billion), was first reported…
Applications for loans will now be analysed separately in a push for responsible lending. In the last few days, Commonwealth Bank has announced some new changes to help tighten its lending policies. The bank contacted mortgage brokers last week to confirm that it will no longer bundle home loan and credit card applications together. Customers…
MUMBAI (Reuters) – In January, Innoventive Industries, a speciality steelmaker based in western India, was forced into the bankruptcy court by its lenders, testing for the first time new insolvency rules that aim to resolve India’s $150 billion bad debt overhang. The company, which makes steel tubes and auto parts for customers including Ford (F.N),…
Swiss court has rejected a 36.5-million-euro claim against tennis legend Boris Becker by a former business partner, according to a judgment published Monday. Swiss businessman Hans-Dieter Cleven claimed the German former world number one owed him 40 million Swiss francs ($41.4 million, 36.5 million euros), after Becker was declared bankrupt by a court in London…