CALGARYShaw Communications Inc. shares were up about ten per cent Thursday as strong operational performance by its main business units offset concerns about $417 million in restructuring-related costs booked in its second quarter. Shaws B shares were at $26.49, up $2.42 or 10.02 per cent, after the company reported it had a $164-million loss in…
European equity markets are broadly unchanged this morning as traders dont know which way to look. Geopolitical tensions have taken another turn lower after Saudi Arabia intercepted a missile attack yesterday. Rising tensions in the Middle East, and the possibility of a trade war breaking out, have left some investors sitting on the fence. The…
CLOSE Toys ‘R’ Us Chief Executive Dave Brandon addressing employees at the company’s Wayne headquarters on Wednesday, March 14, 2018. NorthJersey.com Going out of business signs at the Wayne Toys R Us.(Photo: Record staff) Story Highlights Liquidation sales generated about $150 million more than forecast for this stage. Court approved additional funding for Asian and…
April 12, 2018 Finance, Sponsored Debt Consolidation Plan Vs Debt Management Strategy. Most financial experts and those who arent financially savvy will tell you that it takes little effort or time to rack up debt. Getting out of debt and getting back on your feet may sometimes be a long journey. But it isnt impossible.…
RAMPURA (SANGRUR): Punjab chief minister Captain Amarinder Singh had to skip the fourth debt waiver function after his chopper developed some technical snag just minutes before he was to leave for the event on Thursday morning. Elaborate arrangements had been made for the event in which the Chief Minister was to hand over debt waiver…
Westfield has revealed it set its start-up technology company OneMarket free with $160 million in cash and no debt, as its investors prepare to vote on its takeover by Unibail-Rodamco. OneMarket will be spun out as part of the takeover. A 90 per cent stake in OneMarket will be handed to existing shareholders, with Unibail…
Jobs have been saved after Manchester-headquartered Think Money Group completed the acquisition of a number of personal insolvency specialists out of administration. Daniel Smith and Daniel Butters, restructuring partners at Deloitte, were appointed as joint administrators to One Advice Ltd, HB Financial Solutions Ltd (trading as Harrington Brooks), Open-Door, Harrington Brooks Ltd and Harrington Brooks…
Naomi Rovnick April 12, 2018 Print this page Beleaguered British floor coverings retailer Carpetright has struck an emergency agreement with its lenders to close or exit leases of at least 92 shops in a restructuring that will affect more than 300 jobs. Carpetright, which has warned on profits three times since December, said it was…
Top investment bankers from UBS and Lazard and senior partners from KPMG and law firm Herbert Smith Freehills are among 22 people to be grilled by lawyers for administrators KordaMentha in the next three months in public examinations over the collapse of steel maker Arrium. The non-executive directors of Arrium at the time of its collapse…
A Chinese gambler has been rescued by Philippine police after he was kidnapped by loan sharks to whom he owed a major debt. The Inquirer reported that Parañaque City police arrested three Chinese nationals accused of kidnapping Dong Yun Hao and holding him hostage in a room at the Okada Manila casino. Dong had reportedly…