TWO Sunshine Coast areas have experienced significant spikes in business bankruptcies, with one recording a 266 per cent increase. Maroochy and Sunshine Coast Hinterland businesses were hardest hit by financial strife during the December 2017 quarter, according to the Australian Financial Security Authority’s regional personal insolvency statistics. Financial insolvencies increased by eight to 14 in…
Can retail billionaire Solly Lew save Myer? Myers survival in its current form must overtake all other concerns and become the main focus for all who have a stake in the outcome. Whether its largest shareholder and second-largest supplier, Lew’s Premier Investments, wins the battle to control its board is of secondary importance. Retail king…
MUMBAI, INDIA, Feb. 13, 2018 (GLOBE NEWSWIRE) — Aurionpro Solutions Ltd (NSE:AURIONPRO) (BSE:532668), a leading provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the third quarter and nine months ended December 31, 2017. Q3 FY17-18 Financial Highlights Key highlights for the Q3 of FY17-18 are: Total…
The Federal Trade Commission is mailing refund checks to thousands of people who paid up front for debt relief. Regulators say a company called United Debt Counselors, LLC sent direct mail ads to as many as 100,000 consumers per week, and thousands responded. The FTC says the mail looked like official documents from a bank…
But they should be looking whether this makes financial sense. The New Myer strategy is in tatters, and the company is rudderless. Its chief executive Richard Umbers has left the building, following closely on the heels of finance chief Grant Davenport, and the recently installed chairman Garry Hounsell has torched his credentials by having backed…
Pump jacks are ubiquitous in Alberta and have become just as emblematic of the oil and natural gas-focused province as the fields of wheat or canola they sit in. But this week, the Supreme Court will tackle a case at the heart of the question of who pays to clean up wells that are no…
Ulster Bank drawn into scandal of RBS restructuring unit Peter ODwyer, Senior Ireland Business Reporter Of more than 2,000 Irish customers transferred to the RBS Group restructuring unit only about 100 survivedAIDAN CRAWLEY/GETTY The Central Bank is facing new calls to investigate Ulster Banks controversial business restructuring unit after a leaked report criticised its parent…
DAVID WALKER/STUFF Southern Boundary Wines director Rebecca Cope. A North Canterbury wine company facing charges alleging fraud concerning wine production, has been placed in liquidation. The Waipara-based company, Southern Boundary Wines Ltd, and its directors have filed not guilty pleas to all charges and elected trial by jury in a case that will be considered…
WITH more than 600 Gympie parents struggling to meet their financial obligations for their kids, experts are pressuring the Turnbull Government to overhaul the much-maligned child support system. Exclusive data obtained by NewsRegional shows 2281 Gympie residents should be paying child support but 28 per cent – 628 – are behind in their payments. Most…
General Motors Co said it will close one of its four plants in South Korea and incur an $850-million (£630.9 million) impairment charge as part of a restructuring of its money-losing business in Asia’s fourth-biggest economy. The U.S. auto maker said it would decide the future of its remaining South Korean operations within weeks, and…