Joan Verdon and Charisse Jones, The (Bergen County, N.J.) Record and USA TODAY Published 6:17 p.m. ET March 8, 2018 | Updated 8:49 p.m. ET March 8, 2018 CLOSE Toys R Us has gone into administration in the UK leaving 3,000 jobs at risk. The U.S. toy chain failed to find a buyer after struggling…
Telecom tower firm, GTL Infrastructure, has warned that its operations will be hit with the shutdown of multiple telecom players and filing of bankruptcy petition by Aircel early this month. The company said it might lose 9,000-11,000 tenants over the next one year but will continue to remain a standard asset with the…
Henry Zeffman, Political Reporter | Gareth Davies Somerset county council has announced plans to close two thirds of its childrens centres in a bid to save cash Three Conservative-run counties have been added to the list of those showing signs of financial stress because of funding cuts. Somerset, Norfolk and Lancashire county councils are exhibiting some of the…
Toys R Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in…
Desperate Queenslanders are reaching out for help after struggling to pay mounting phone and internet bills. More than 137 lawyers, social workers, financial counsellors, NGO workers and professionals were surveyed as part of a report to be released by the Telecommunications Industry Ombudsman and Community Legal Centres Queensland on Friday. Almost half of Queensland’s community…
Out in the cold unit owners count the cost of building defects Concerns: Landmark penthouse owner Aidan Ellis (right) and unit owner Richard Devon in Mr Ellis’s unit at Charlestown. Severe water issues and other defects have meant years of troubles for the Landmark’s owners, Mr Ellis and Mr Devon said. Winner: The Landmark building in…
Gill Plimmer March 8, 2018 The future of 2,500 staff from failed construction contractor Carillion was again thrown into doubt on Thursday after a Canadian company pulled out of a deal to take over a portfolio of contracts in hospitals, education, transport, emergency services and justice in the UK. Brookfield Global Integrated Solutions, a real…
Corporate restructuring at Dunnes Stores now complete BelfastTelegraph.co.uk Dunnes Stores has finished a major corporate restructuring process by assimilating 40 individual companies into a principal entity within the group. https://www.belfasttelegraph.co.uk/business/uk-world/corporate-restructuring-at-dunnes-stores-now-complete-36680874.html https://www.belfasttelegraph.co.uk/business/news/article36681820.ece/1d5eb/AUTOCROP/h342/DunnesStores.jpg Email Dunnes Stores has finished a major corporate restructuring process by assimilating 40 individual companies into a principal entity within the group. The move…
One of the country’s biggest bankruptcies to go under the hammer is finally moving towards closure. Yesterday, Tata Steel said that “it has received a formal communication from the resolution professional [RP] of Bhushan Steel Ltd that it has been identified as the highest evaluated compliant resolution applicant to acquire controlling stake” of the beleaguered…
(Adds details on restructuring, dividend, job cuts) By Radhika Rukmangadhan March 8 (Reuters) – Countrywide Plc, Britains largest estate agency, posted a 22.5 percent drop in full-year core earnings on Thursday and said it cut about a third of jobs at its head office in London as part of an ongoing restructuring of its main…