Shares in listed real estate company McGrath Limited have fallen sharply on Monday. Fairfax Media revealed on the weekend that the company’s multi-millionaire founder and soon-to-be executive chairman John McGrath has a $16 million debt to gambling company William Hill Australia. Real estate identity John McGrath Photo: Daniel Munoz On Monday morning shares in McGrath fell…
HONG KONG–(Business Wire)–Houlihan Lokey (NYSE:HLI), the global investment bank, today announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong. Mr. Middleton enjoys an excellent reputation in the international restructuring community, having been a partner at KPMG, where…
HPE New Zealand is the next to be hit by redundancies caused by their global restructuring initiative, HPE Next, according to rumours. Since the announcement of the initiative in October last year, there have been unofficial reports of large-scale redundancies across the many countries in which HPE operates. Now employees of the New Zealand branch…
EXCLUSIVE CASH-strapped Australians burdened by inflated utility bills and soaring credit card debts are flocking to financial help services in record numbers. The National Debt Helpline has been inundated with households in financial distress with latest figures showing in 2017 they received 170,000 calls – the highest ever on record. This is a 12 per…
Kantine Mittagsessen mit Schnitzel und Nudeln auf einem Tablett. × St. Louis schools need help paying off student meal debt Kantine Mittagsessen mit Schnitzel und Nudeln auf einem Tablett. ST. LOUIS Some school districts in the St. Louis area are asking the community to help pay off student meal debt for families who cant afford daily…
The alleged plight of real estate guru John McGrath calls to minds an anecdote, probably apocryphal, from the late Lord Lucan. Do you gamble? Lord Lucan asked a friend. Illustration: John Shakespeare She replied that, like most people, she enjoyed the odd flutter on the horses. Gambling is when you bet something you cannot afford…
Sunday 04 February 2018 Etihad Airways is urgently examining ways to avert a technical default of some $1.2bn in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015 and issued two bonds for Etihad…
The dual citizenship fiasco is like the dying hour of a drunken Canberra dinner party. All the guests are pointing the finger at each other about who knocked over the bottle of Cabernet Sauvignon, staining the carpet of a moderately overpriced apartment, during a meandering argument about who is the most dinky-di Aussie. And…
Date: 04.02.2018 Sydney bus manufacturer Custom Bus has laid off more than 100 staff after going into voluntary administration on January 18. Custom Bus went into voluntary administration on January 18 The Australian Manufacturing Workers Union (AMWU) says 109…