A corporate is an amalgam of stakeholders. It is expected to maximise the value of its assets and consequently the interests of all its stakeholders. However, it may not always have the motivation to maximise the value of a corporate and/or promote the interests of all the stakeholders By MS Sahoo A corporate is an…
LAST QUARTER | 38 declare bankruptcy, enter debt in rough quarter IN A sad revelation for how much people are struggling in the Gladstone region, there were 59 bankruptcies in the region over the past four months. The startling numbers come from the Australian Financial Security Authority’s regional personal insolvency statistics report for the September…
Liquidators for an IT company are hoping to sell off its trademark to an unexpected sector: fashion. Brooke Bird partner Adrian Hunter, whose firm is handling the liquidation of Uglii Corporation, is pushing for a fashion brand to swoop up the trademark. “Unusual wordings, plays on words or plays upon spelling often find their way…
By Vanessa Cavasinni, editor Australian Hotelier The site of the demolished Greyhound Hotel in St Kilda has been sold to a prominent local developer and will be turned into apartments. Advertisement Property developer Nicholas Smedley has purchased the site for $7.5 million from owners Chris and Will van der Linden, and Karina Harcourt. The trio…
Fords business has arguably never been better. But Morgan Stanley analysts Adam Jonas thinks a massive restructuring is needed. Fords challenge is to tell a story that investors will buy into, as they have with Tesla and Uber. Ford has beaten analysts earnings expectations every quarter of 2017 and is currently paying a whopping 5%…
NAB has flagged the loss of 6,000 jobs as the impact of new technology and digital transactions cuts a swathe through traditional banking jobs. Key points: 6000 traditional bank jobs to go and 2000 new digital positions created as NAB aims to move 60 per cent of its business online over three years Redundancies…
UNPAID Pacific Highway upgrade sub-contractors claim the Roads Minister was “passing the buck” over outstanding wages to workers after a primary contractor entered voluntary administration. Many of the 200 workers at the Tyndale to Glenugie section of the Woolgoolga to Ballina upgrade were left in the lurch after Ostwald Pty Ltd abandoned the project more…
End market strength and strategic actions underpin expectations for improved financial outlook for 2018 ST. LOUIS, Nov. 01, 2017 (GLOBE NEWSWIRE) — A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/223c4b23-eb60-41ef-97d2-c37dedb593bb Q317 loss per diluted share was $2.23 compared to income of $0.34 per diluted share in Q316. Adjusted (non-GAAP)1 Q317 earnings per diluted share were…
Stretching from one end of the table to the other, these are just some of the dozens of useless remedies that one poor chap has been bamboozled into buying. The 88-year-old grandfather has been preyed on by peddlars of junk supplements for over a year, conning him into buying multiple orders of the same products.…
Sunderland are skint off the pitch, bust on it, and have brought in bankrupt Billy McKinlay to help save them. David Moyes former assistant took training alongside Robbie Stockdale after the sacking of Simon Grayson. McKinlay, 48, is rebuilding Sunderlands moribund squad this week, and his own finances. In September he was made declared bankrupt…