Almost a quarter (22 per cent) of FTSE 350 defined benefit (DB) schemes with rated sponsors face a 50 per cent chance of corporate insolvency before they reach buyout, according to analysis from Hymans Robertson. The analysis, which was part of the companys annual FTSE 350 DB Report, added that almost half of schemes (43…
The search for Christmas stocking stuffers is well and truly afoot. For those who leave Christmas shopping until the last minute or have the chore of buying for a fussy loved one, gift cards are usually an ideal solution. Consumer group Choice says our obsession with gift card-giving sees Australians spend roughly $2.5 billion on…
A personal trainer who held cocaine in order to pay off a 15,000 gambling debt has been remanded on continuing bail pending sentence. Elmir Habibovic (31) of Woodvale Avenue, Hartstown, Dublin 15, pleaded guilty at Dublin Circuit Criminal Court to having 25,500 worth of cocaine at his home for sale or supply on April 19th,…
BDO USA announced that Brent Worthy recently joined the firms Business Restructuring and Turnaround Services practice, with a primary focus on covering the Southwest regional markets. Worthy, a seasoned leader in the management consulting space, has more than 15 years of experience creating and preserving value for organizations through corporate restructuring, M&A strategy and execution,…
Covid-19 has caused financial injury and distress to many Filipinos. By early 2021, after the grace periods for loans and other forms of financial assistance granted under Bayanihan 2 will have been exhausted, many more Filipinos will experience the stress and burden of their creditors demanding repayment. Unless a Bayanihan 3 or other legislative relief…
Metso Outotec says it is reorganising its Metals business as part of an earlier announced turnaround program. The target is to create an operational model for Metals capital and services that suits the scale and nature of the business today and meets the specific demands of the Metals refining segment customer base, it said. Jari…
BELGRADE (Serbia), December 9(SeeNews) -Serbia’s Bankruptcy Supervision Agencysaid it offering for saleinsolventengineering and construction company Projmetal at an auction on January 20, the agency has said. The startingpricein the auction is set at 411.3 million dinars($4.2 million/3.5 million euro), the Bankruptcy Supervision Agency said in a notice. A deposit of 164.5 million dinarswhich should be…
The DNB headquarters in central Amsterdam Life insurance company Conservatrix has been declared bankrupt at the request of the Dutch central bank. Conservatrix did not have sufficient capital to meet its obligations and its 80,000 policyholders now face a rights downgrade, the Financieele Dagblad said on Wednesday. It is the first time since 1993 that…
TOPSHOT – US President Donald Trump looks on during a ceremony presenting the Presidential Medal of … [+] Freedom to wrestler Dan Gable in the Oval Office of the White House in Washington, DC on December 7, 2020. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images…
“We will continue to pursue this proceeding as a primary initiative of the organisation. I hope that in the time ahead we can propose a Deed of Company Arrangements that will see creditors paid amounts owing to them, from the proceeds that flow from our court case against iNSW “My primary goal as I look…