A litigation funder based in the UK is pondering listing on the London Stock Exchange. Manolete Partners founder and CEO Steven Cooklin has confirmed to The Law Society Gazette that the company is looking very seriously at a float on the bourse. Though official financial details have not been released, other reports say the listing…
Those who cannot manage their money correctly will find that it rapidly becomes challenging to keep a healthy bank balance and also an organised financial life. With the issue of consumer debt comes the notable differences in attitude between generations. Generation X and the Baby Boomers are amongst some of the most likely to have…
Currently, just 4 percent of employers offer student debt assistance. But that’s changing as more employers come to realize education debt is a problem for many of their workers, said Katie Berliner, account executive at YouDecide, a benefits firm. “In order to attract and retain talent, employers are looking at offering contributions to people’s student…
An Indian tribunal ordered billionaire Anil Ambanis Reliance Communications Ltd. be placed under insolvency proceedings, jeopardizing the phone companys proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd. The Mumbai bench of the National Company Law Tribunal on Tuesday accepted a petition from the Indian unit of network-equipment maker Ericsson AB, which is seeking…
The interim resolution professional (IRP) has invited Expression of Interest to submit resolution plan for the hospitality chain Viceroy Hotels Limited. Karuchola Koteswara Rao, the IRP appointed by the National Company Law Tribunal, has informed about the move to invite resolution plan from potential applicants. The Hyderabad-based hospitality chain has been brought under the Corporate…
ArcelorMittal has transferred Rs 7,000 crore to an escrow account controlled by State Bank of India to become eligible to bid for Essar Steel Ltd., currently undergoing insolvency proceedings. The funds will be used to extinguish any outstanding dues in Uttam Galva Steels Ltd. and KSS Petron Ltd., two people aware of the matter said…
Drivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust. The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.” The text meant thousands of taxi drivers…
GERMANTOWN, Md., May 15, 2018 (GLOBE NEWSWIRE) — Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company focused on the development of nervous system therapies based on its neural stem cell technology, provides a business update and reported its financial results for the first quarter ended March 31, 2018 . We remain committed to the development of NSI-566,…
Outgoing deputy CE of Absa, David Hodnett. Photo: Barclays The deputy head of Absa has resigned midway through a two-month sabbatical. David Hodnett saw his position as head of SA banking basically disappear as part of a restructuring. The market did not like his resignation, which one analyst blamed on a disagreement about strategic direction.…
His name is Abel, and hes played by Tahar Rahim (A Prophet), exuding twinkling, dirty, stubbled charisma. Hes an incorrigible gambler and a con man on first-name terms with the wrong kind of people vicious debt collectors and bouncers in underground gambling dens. He is bad news. But for Ella (Stacy Martin) the hardworking, capable…