Earlier this month the bosses of seven of the UKs largest wholesalers argued that the deal threatens the survival of the independent retailer and called on the CMA to block the deal. The wholesalers, which include the countrys largest buying group Todays Wholesale Services, Spar, Bestway, Bidfood, Landmark, Confex and Sugro, argued that the Booker…
By Ginger Gibson and David Gaffen WASHINGTON/NEW YORK (Reuters) – Puerto Rico’s government power company said on Sunday it will cancel a $300 million contract with a tiny Montana company to restore power to the storm-hit U.S. territory after an uproar over the deal. The contract between Whitefish Energy Holdings and Puerto Rico’s bankrupt power…
Defence lawyer Kim Moloney said Sweeney has been battling a gambling addiction. A young man turned to shoplifting in an attempt to pay off his mounting gambling debts, a court heard. Martin Sweeney (22) planned to sell the cosmetics he stole, but he was caught red-handed by security staff as he left a south Dublin…
by Rana Foroohar Does corporate governance matter? Or, to be more precise, do investors really care about it? This is a question that I have been pondering for two reasons. First, huge amounts of passive investment has made questions about corporate decision making irrelevant for many investors. When you are just tracking the index, you…
CONSUMERS who are considering switching to a balance transfer credit card are mired in debt four times larger than the average Australian balance of $3069. Research by Finder.com.au has found that people researching balance transfer cards owe more than $12,000 on their existing credit cards. Its analysis of 9500 online searches also found they are…
It’s rare to see much positive news about retail banking these days, but for all their faults most big banks have recently taken action in an area where they have long been slammed: credit cards. No doubt in response to community and political pressure, Westpac and Commonwealth Bank have this year started offering cards with…
Varun Resources Ltd, Indias largest owner of liquefied petroleum gas (LPG) carriers, has had to halt operations of its eight Indian-flagged LPG tankers at the behest of a consortium of 12 banks led by State Bank of India after defaulting on loans of about 2,000 crore, putting its future at stake. Compounding the issue, the…
LONDON (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britains consumer economy. FILE PHOTO: People walk across Westminster Bridge in London, Britain, June 22, 2017. REUTERS/Marko Djurica The governments Insolvency Service…
The former employees of a Manalto subsidiary say their salaries have gone unpaid since they were locked out of their office in July. Josef van Niekerk, a former developer at Soshlr a South African subsidiary of ASX-listed social media manager Manalto told Stockhead he and about 30 other staff were abruptly locked out of the…
“; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break; } break; } } var writeOnDocument = true; var skipOnDeviceValue = “[medium, small]”;…