The boss of a failed plumbing firm that owes $12 million to creditors has copped criticism after appearing to splash his cash on an overseas holiday. In August, news.com.au revealed that Victorian-based C & S Plumbing Pty Ltd had gone into liquidation with all 70 employees losing their jobs on the spot. More than 100…
Bad Shepherd Brewing Co, based in the Melbourne Bayside suburb of Cheltenham, have this week entered voluntary administration as they seek “to facilitate a financial restructuring of the business”. Founders Dereck and Diti Hales (pictured above) said they had taken the decision to enter voluntary administration to deal with the financial losses the business has faced over the last few…
(Corrects paragraph 1 to say Honeywell is restructuring its business to focus on three broad trends, not restructuring business to three segments from four; also removes reference to new segments in paragraph 4) Oct 10 (Reuters) – Honeywell International is restructuring its business operations to focus on three broad business trends in its efforts to…
Oct 10 (Reuters) – Honeywell International (HON.O) is restructuring its business operations to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, the company said on Tuesday. The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel. The Charlotte, North Carolina-based company’s shares were…
(Reuters) – Honeywell International is restructuring its business operations to focus on three broad business trends in its efforts to boost sales growth and reallocate capital, the company said on Tuesday. The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel. The Charlotte, North Carolina-based company’s shares were up 1.43%, at…
Reuters. Honeywell (NASDAQ:) announced today plans to restructure its business segments to align with three significant megatrends: automation, the future of aviation, and energy transition. This strategic shift aims to drive accelerated organic sales growth and capital deployment, ultimately delivering greater value to shareholders. The new segmentation will come into effect in the first quarter…
Company directors have a duty to act in the best interest of creditors (the creditor duty). But at what point is that duty engaged? Put another way, when should directors start worrying about the duties they might owe to creditors? In this briefing, Jolyon Connell, David Fletcher and Oliver Blundell explain how the recent case…
By Eliza Mcphee For Daily Mail Australia Published: 14:18 AEDT, 10 October 2023 | Updated: 15:50 AEDT, 10 October 2023 An Australian technology company has collapsed after half of its staff quit within a year. D635 Group, a Microsoft Gold Partner, has gone into liquidation with … Read the full article at: https://www.dailymail.co.uk/news/article-12613179/D365-Group-goes-liquidation.html
Hard as it may be to believe, the 2024 presidential election is now little more than a year away. Despite four criminal indictments, Donald Trumps defiance of political gravity shows no signs of abating, even as he has defended the January 6 insurrection and vowed to lock up his political opponents. Given Trumps penchant for authoritarianism and…