In the summer of last year, the Corporate Insolvency and Governance Act 2020 (CIGA) was rushed through the UK Parliament in a five-week period to deal with the expected fallout from the Covid-19 pandemic. As the biggest change to the UKs insolvency and restructuring legalisation in over 20 years, one of the cornerstones of this…
Fenix, the majority shareholder of Maltese Falcon builder Perini Navi, has announced plans to save the iconic Italian shipyard from bankruptcy. The firm has signed an agreement with private equity firm Clessidra and another investor to relaunch the luxury Italian shipyard, Reuters reports. Reports add that Fenix aims to inject a significant capital increase to…
Kerry Katona attends the Paul Strank Charity Gala supporting Shooting Star Children’s Hospices & Rays of Sunshine Charity at the Bank of England Sports Centre in London. (Photo by Keith Mayhew/SOPA Images/LightRocket via Getty Images) Kerry Katona has revealed that she’s bought her own home after “losing everything” 13 years ago. The mother-of-five ran into…
FRANKFURT, Germany (AP) Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an improving economic outlook as growth slowly rebounds from the pandemic. Profit attributable to shareholders was 908 million euros ($1.1 billion) in the first…