Stars Group Inc. soared to a record high on expectations that its $4.7 billion purchase of Sky Betting & Gaming will turn the online poker giant into a major sports-betting player that could use its European foothold to cross the Atlantic if the U.S. market fully opens. The Toronto-based operator of PokerStars, which announced the…
Australian and Irish police have exposed a major drug trafficking network involving one of Irelands most notorious crime groups the Kinahan cartel. The two-years long operation has led to the arrests of four Irish in Australia and New Zealand, the Sydney Morning Herald reported Sunday. Dublin Bay (From: Pixabay)Through raids all over the greater Dublin…
Peter Campbell, Motor Industry Correspondent in London April 23, 2018 Print this page Hyundai should carry out a fundamental restructuring, appoint fresh board members and significantly increase dividends, Elliott Advisors has said under a proposed plan to bring much needed improvements to the Korean carmaker. The activist fund run by Paul Singer declared a $1bn…
Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from…
Outsourcing group Capitas shares rose at the open despite the firm reporting widening losses as it unveiled plans to raise £701m to fund a restructure. The company, which carries out disability benefit assessments on behalf of the government and also runs the London congestion charge scheme, posted a 4 per cent drop in revenue to £4.12bn…
State-run Bank of India (BoI) today said it has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under the Insolvency and Bankruptcy Code (IBC). (PTI) State-run Bank of India (BoI) today said it has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under…
Outsourcer Capita has launched a £701m fundraising after announcing a £513m loss for last year, as its tries to recover from a series of reputation-damaging contract bungles and repair its balance sheet. The company, which provides a range of public services from collecting the BBC licence fee to recruiting for the British army, is issuing…
Former rugby star Frankie Sheahan in his playing days Photo: ©INPHO/Billy Stickland ‘I take 100pc responsibility for it’ – former rugby star Frankie Sheahan insists he holds no grudges over high profile bankruptcy Independent.ie FORMER Ireland and Munster rugby star Frankie Sheahan insisted he holds no grudges over his high-profile bankruptcy. https://www.independent.ie/incoming/i-take-100pc-responsibility-for-it-former-rugby-star-frankie-sheahan-insists-he-holds-no-grudges-over-high-profile-bankruptcy-36833523.html https://www.independent.ie/incoming/article35585539.ece/ca3ff/AUTOCROP/h342/bus1main.jpg Email FORMER…
The Insolvency and Bankruptcy Code is slowly evolving and coming of age through hundreds of petitions being instituted in various Benches of the National Company Law Tribunal (NCLT). When the stakes involved are of thousands of crores of rupees, the competition among stakeholders becomes intense; few crores get spend on lawyers fees, every single day.…
Recently, the Reserve Bank of India (RBI) introduced the ‘Resolution of Stressed Assets – Revised Framework’, replacing the regime of voluntary restructuring for Indian banks. Since restructuring had become the default go-to option for banks and defaulting borrowers, this move, which puts banks under very stringent disclosure and deadline schedules, has created a significant stir…