Procter & Gamble (NYSE: PG) disclosed: The Procter & Gamble Company (the Company) announced today a limited market portfolio restructuring of its business operations, primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions. In connection with this announcement, the Company expects to record incremental restructuring charges of $1.0…
Dec 5 (Reuters) – Procter & Gamble (PG.N) said on Tuesday that it would record up to $2.5 billion in charges over two fiscal years related to writing down the value of its Gillette business and the restructuring of certain markets. The consumer goods giant said it would take a $1.3 billion non-cash impairment charge…
Home builder Simsai Construction has gone into liquidation after a dispute with the Australian Taxation Office over debts nearing $4.5 million, it has been reported. The Perth-based company was working on approximately 100 houses when the business entered administration in early November. The company ran brands First Home Buyers Direct, Express Homes WA and Multi…
Lukasz Nowak, 43, a self-employed builder from Hounslow, West London, was sentenced to 20 months imprisonment, suspended for two years, at Lincoln Crown Court on 27 November 2023. He was also ordered to pay 12,000 compensation to the bank from which he borrowed the money. Nowak applied for a 50,000 Bounce Back Loan in October…
UK companies, and the national economy more broadly, are facing an incredibly difficult winter as the economic challenges that have pounded the country for close to two years now persist, with levels of financial distress soaring and corporate insolvencies on course for their highest levels since 2009. This has all been a long time coming,…
In the second issue of Carnegie Chinas China Through a SEA Lens series, scholars from eight Southeast Asian countries provide their takes on the impact of Chinas Belt and Road Initiative (BRI) in their countries for the past decade. They choose from among five levels of impact: very positive, positive, neutral, negative, or very negative.…
VIENNA, Dec 4 (Reuters) – Property tycoon Rene Benko’s Signa Holding filed for insolvency in Vienna last week, the biggest such case Austria has seen and the largest victim to date of Europe’s property crash. Benko, 46, built the complex constellation of companies headed by Signa Holding from the ground up, starting from humble origins…
council tax bill Local authorities are at risk of bankruptcy if funding from the Scottish government is not improved, council leaders have said. Cosla issued the warning in a briefing paper ahead of the Scottish budget on 19 December. The local government body said councils need nearly 14.4bn in the budget just to “stand still”.…