PARIS/COPENHAGEN (Reuters) – Total (TOTF.PA) is buying Maersk’s oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. For Danish company A.P. Moller Maersk (MAERSKb.CO), the sale of Maersk Oil, with reserves equivalent to around 1…
Infrastructure and environmental services group Cardno said it was looking for “bolt-on” acquisitions after asset sales helped the group swing to an annual net profit of $8.6 million. The Brisbane-based company’s profit was boosted by the sale of a software business, XP Solutions, in September for $US49 million, allowing it to move back into profit…
Resolving the differences in a divided playing group looms as the biggest immediate challenge for whoever becomes Gold Coast’s next NRL coach. Neil Henry, the man appointed in 2014 following the sacking of foundation coach John Cartwright, was axed on Monday with a year remaining on his contract. It brings an underwhelming end to a…
Operating a business is no mammoth task and needs planning and correct execution. However, at times you will find that you need to take mortgages for buying resources for your business. If you are not careful with debt management, there are high chances that you will borrow excess money and run into debts. There may…
PM Narendra Modi. (Image: PTI) The government is considering bringing in regulations in phases to deal with individual bankruptcy under the overarching law the Insolvency and Bankruptcy Code (IBC) 2016. Sources told FE the government will first come up with insolvency regulations for individuals who are into businesses, which could be announced in a month.…
HYDERABAD: The National Company Law Tribunal (NCLT) has appointed an interim insolvency professional for SmartCity (Kochi) Infrastructure, after admitting a payment default claim by a creditor against the joint venture between the Kerala government and Dubai’s Tecom Investments. The Kerala government holds a 16% stake in the IT special economic zone, with Dubai Holding’s Tecom…
COAST parents Jesse and Vanessa Serrell had no idea anything was wrong when they went into a Coast store to pay their lay-by down on Wednesday. On Thursday they discovered through the Bubs Baby Shops Facebook page the company had gone into receivership after 17 years in business. The couple is expecting their third baby…
E-commerce entrepreneur Ruslan Kogan believes multiple Australian online retailers will collapse over the next year and says his company is poised to acquire them if the opportunity arises. Speaking to AAP, the founder and chief executive of booming online retailer Kogan.com refused to name any specific retailers, but said the process of acquiring collapsed retailer Dick Smith Electronics last…