Restaurant and pub closures see insolvency costs rise – BigHospitality.co.uk

The number of food and beverage companies entering insolvency rose 17.9% in 2018, according to analysis from real estate adviser Altus Group. Last year The Insolvency Service paid out 298.07m to former members of staff whose employers, from all sectors, had either entered administration, liquidation a CVA or another form of corporate insolvency. This included…

Mountain Sounds festival in liquidation, $1.5 million in debt – The Industry Observer

Earlier this month, Mountain Sounds festival announced its cancellation just one week out from the event. The festival cited The NSW Governments and Premier Gladys Berejiklians war on festivals as the reason for its cancellation. Industry whispers also suggested that the festival suffered poor ticket sales. Now,Music Feeds has reported that the festival is in…

LendLease half-yearly profit plunges on troubled engineering arm – Sydney Morning Herald

Lendlease said on Monday the engineering and services business would be reported as non-core in the fiscal 2019 results and beyond following a strategic review. Restructuring the overall business could cost between $450 million and $550 million before tax, it said. Loading The company expects its earnings from the development segment to be skewed to…

CLASS ACTION UPDATE for DNKEY, YRIV, UXIN and GE: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire

NEW YORK, Feb. 24, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…