Blockchain and settlement payments technology firm SETL has appointed administrators to handle a restructuring of the business. SETL, which was established by Chi-X founder Peter Randall and appointed the former governor of the Banque De France to its board in January, announced the corporate reorganisation following the completion of a development and investment project in…
AT&T Inc is going to restructure its WarnerMedia business, according to an internal memo to employees on Monday seen by Reuters, as it is lining up to challenge the Walt Disney Co and Netflix Inc at streaming video services. AT&T restructuring began with resignation of two top executives leaving, as Richard Plepler, HBOs head and…
news, local-news, Kiely Plumbing, Howrah Plumbing, Hans Verdouw, Michael Kiely Ulverstone-based firm Kiely Plumbing has bought the Burnie division of Howrah Plumbing for an undisclosed sum. Co-owner Michael Kiely said the expansion of the business, which was set up in 1967, meant great things ahead. Were keeping an office in Burnie and have 11 more…
AT&T Inc is restructuring its WarnerMedia business, according to a memo sent to employees on Monday and seen by Reuters, as it girds for a streaming video battle with Netflix Inc and Walt Disney Co. The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts and right after the resignation of…
(Reuters) – Debenhams warned on profit again on Tuesday, as the British department store group edged nearer to a restructuring that analysts expect will include a share issue and an acceleration of its store closure plans. FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon…
TOLEDO, OHIO – General Motors will end production this week at the first of five North American plants it wants to close by early next year as part of a companywide restructuring. The last American-made Chevrolet Cruze will come off the assembly line Wednesday at GMs sprawling Ohio assembly plant near Youngstown, GM spokeswoman Kim…
Carlyle Group is to provide funding to restructuring US-based Nordam to enable the aerostructures manufacturer and repair provider to emerge from Chapter 11 bankruptcy protection. But the Siegfried family, which founded and still owns Nordam, will continue as a shareholder of the Tulsa-based company. The Siegfried family will retain its 50-year ownership and oversight of…
Port of Tyne is axing a number of back office roles within its business as part of a restructuring exercise. The company confirmed that it is planning to make cuts to its support team, after making the decision to close its external haulage business in January. The firm has declined to say how many jobs…
Retail Food Group (RFG) widened its loss in the first half of FY19 to $111.1 million, after posting an $87.8 million loss in the same period a year ago. The owner of Donut King, Michels Patisserie, Gloria Jeans, Crust, Pizza Capers and Brumbys Bakery reported a 73.4 per cent drop in underlying net profit after…
A disciplinary committee has cancelled David John Leighs registration as a liquidator following charges against him for allegedly misappropriating $800,000 from a liquidation bank account. The committee, consisting of an ASIC representative, an Australian Restructuring Insolvency and Turnaround Association(ARITA) representative, and an appointee of the Minister for Revenue and Financial Services, also decided that a…