Rogers Communications has reported lower year-over-year profits in the first quarter, citing among other reasons higher restructuring costs and an increase in the adjusted operating loss of its traditional media business. The Toronto-base telecommunications giant said net income in the three months ended March 31 was $248 million or 48 cents per share, down from…
The court will decide at the end of the month if the company Euro Insol gets appointed judicial administrator of the Romanian energy company Complexul Energetic Hunedoara (CEH). The Energy Ministry wanted to appoint Euro Insol as the producers judicial administrator. However, the representative of Romanias Tax Agency ANAF voted against this proposal…
Deloitte has released its insolvency report into what exactly went wrong at Powa Technologies, the London payment company that blew up spectacularly in February after blowing through hundreds of millions in investor money. The company autopsy reveals Powas ultimate controlling company raised £143.94 million ($203.7 million) in debt and equity funding from 2013 onwards, as…
By Martin North, cross-posted from the Digital Finance Analytics Blog: According to the latest data from the Australian Financial Security Authority, pressure is mounting in WA, with personal insolvencies in the March quarter 2016 compared to the March quarter 2015 rising 26.0%, bankruptcies increasing 19.6% and debt agreements in WA are now the highest on…
In a very rare move, the federal government plans to use its position as a creditor to call for the appointment of a special purpose liquidator to recover taxpayers funds from Clive Palmer and associated entities. This follows a report from the administrators of Queensland Nickel, which suggested Clive Palmer could be held liable as…
THE risk of Northern Ireland firms becoming insolvent is in decline, according to trade body R3. The organisation said April was a “month for optimism” across the north’s key sectors. R3 tracks 10 sectors and found seven of those were at less risk of insolvency than a month ago while another had seen no change.…
Developer Lawrence Kenwright has rubbished claims he is not the man to save Cardiffs Coal Exchange . Mr Kenwrights Signature Living company, which has restored derelict historic buildings in Liverpool, has been chosen to lead the £42m restoration. But Cardiff South and Penarth MP Stephen Doughty has questioned whether Mr Kenwright is the right person…
Reactiv Media was fined for ‘bombarding’ people with nuisance calls Tony Abbott, 44, has filed petition to wind up Yorkshire-based company He recently bought a 25-room mansion in Surrey and is expected to get married in a £100,000 ceremony at The Savoy later this month By Emily Chan For Mailonline Published: 20:54 EST, 17 April…
Video will begin in 5 seconds. More video Recommended Replay video Roar break Victory hearts with last-minute winner Thomas Broich comes good to keep Brisbane Roar in the A-League finals and send Melbourne Victory crashing out. PT1M30S 620 349 Do Brisbane Roar know how big they could be, or should be? Having survived another epic…
German prosecutors filed a raft of charges against four members of the wealthy Schlecker family on Thursday, accusing them of pulling valuable assets out of their namesake drugstore chain and hiding them from shareholders before the company went bust in 2012. The prosecutors, based in Stuttgart, have leveled 36 counts of embezzlement,…