The solution to Nigerias growing housing deficit lies in the restructuring of the countrys mortgage business, NIMCO Group, the developer of Ivy Suite Estate, has said. The developer believes that the present structure of the mortgage system in the country does not support or encourage housing affordability as it is neither affordable nor accessible given…
The collapse of century-old builder Clough has hit headlines this week, and the news appears to be weighing on the Beach Energy Ltd (ASX: BPT) share price. The oil and gas stock plummeted 4% yesterday and its down another 7.28% today, trading at $1.68 at the time of writing. For comparison, the S&P/ASX 200 Index…
TALLAHASSEE With Floridas property insurance system in turmoil, state lawmakers could be poised to take major steps to try to stabilize the market during a special legislative session next week. Senate President Kathleen Passidomo, R-Naples, and House Speaker Paul Renner, R-Palm Coast, released a formal session proclamation Tuesday that indicated lawmakers will consider a series…
Posted on Dec 6, 2022 As the cost of living crisis continues to squeeze personal finances, experts from personal insolvency provider, Creditfix, are warning of the impact that debt problems can have on employees. With more people struggling to afford utility bills, rent, mortgages and food, this can have a huge impact on an individuals…
A proposed disposal by Murray & Roberts (M&R) of its Clough unit to Webuild was terminated on Monday and Clough and its subsidiaries placed into voluntary administration in Australia with immediate effect, together with the JSE-listed groups Australian holding company, MRPL. The announcement triggered a sharp decline in M&Rs shares, which were trading about 13%…
The fall of Perth builder Clough into voluntary administration after more than a century in business marks the latest in a string of local builders to hit troubled waters. Key points: WA building giant Clough has entered voluntary administration The administration is being overseen by Deloitte The delivery of several bigprojects is now in doubt…
6 December 2022 Economic Development Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the head of UN trade facilitation agency UNCTAD has warned. Speaking in Geneva, Rebeca Grynspan saidthat between 70 and 85 per cent of the debt that emerging and low-income countries are responsible for, is in a…
A proposed disposal by Murray & Roberts (M&R) of its Clough unit to Webuild was terminated on Monday and Clough and its subsidiaries placed into voluntary administration in Australia with immediate effect, together with the JSE-listed groups Australian holding company, MRPL. The announcement triggered a sharp decline in M&Rs shares, which were trading about 13%…
Mitsui E&P Australia and Beach Energy Ltd., joint venture partners of the Waitsia Stage 2 gas plant development program in Western Australia, will work with Deloitte to ensure the project progresses following placement of Clough, the projects engineering, procurement, and construction contractor, into voluntary administration. The move follows a decision by Cloughs owners, Murray &…
John Barnes, who recently took up a Liverpool ambassadorial role, could be set to become bankrupt after a petition was released for the former England international John Barnes is facing bankruptcy over unpaid debts ( Image: Getty Images) Liverpool legend John Barnes is facing bankruptcy over an unpaid tax bill of over 300,000. The 59-year-old…