The TASK Group Holdings Ltd (ASX: TSK) share price is lighting up today after the ASX tech share released its interim FY23 results and upgraded guidance. In early afternoon trade, the TASK share price has raced 35.7% higher to 38 cents. The group formerly traded as Plexure (ASX: PX1), a mobile engagement software company behind…
Menulog, one of the few surviving meal delivery companies left in Australia following the failure of Deliveroo and grocery delivery startup Voly, is shedding jobs in Australia as part of a global restructure of its Dutch parent company. The Australian-born business, which was acquired UK-based Just Eat for $855 million in 2015, cut stuffing at…
BANGKOK, 28 November 2022, Thai Airways International has named Chai Eamsiri its chief executive officer effective 1 February 2023. The CEO Selection Committee, including appointed restructuring plan administrators, selected Eamsiri from 53 internal and external candidates who applied for the top job at THAI. Government regulations allowed only Thai nationals to apply. The recruitment specifications…
IRVINE, CA / ACCESSWIRE / November 27, 2022 / Managing debt in the shadow of a recession can be a daunting prospect. While it is considered a best practice to pay down debt before a downturn takes hold, there is also significant value in keeping capital on hand for tough times. “When a recession is…
Personal insolvency: There were 27,927 individual insolvencies in the quarter to September. Photo: Press Association Nearly 28,000 personal insolvencies were recorded in Britain over the last three months as inflationary pressures and the cost of living crisis took their toll. According to the Insolvency Service on Friday, there were 27,927 individual insolvencies in the quarter…
HAVANA, Nov 27 (Reuters) – China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries leaders. Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to help the country cope with…
The cumulative recovery rate under the insolvency resolution processes of debt-ridden companies declined to 30.18 per cent at the end of the September quarter, indicating that lenders took more haircut on their exposure, shows a study. The recovery rate has fallen steeply from a peak of 43 per cent in Q1 FY20. Of the Rs…
Once upon a time, most Louisianans insured their homes with a traditional behemoth, a giant of the industry, like State Farm, Allstate, Farmers or USAA. No more. Today, a sizable share of Louisiana homeowners now buy their insurance from small, undercapitalized and often unproven companies that lack the huge reserves to protect them when catastrophe…
07 November 2022 Consultancy.com.au 2 min. read The Australian Financial Security Authority (AFSA) has registered Kristen Triglone a restructuring consultant at PKF as a trustee in bankruptcy. Based in PKFs Sydney office, Triglone becomes the countrys 209th advisor to join so-called Registered Trustee National Panel. Notably, only 10% of trustees are female. Obtaining this registration…