Supplied Xeros loss was largely the result of restructuring costs and a write-down in the value of a business it bought in 2021. Small business accounting services company Xero has reported an after tax loss of A$113.5 million (NZ$121m), despite a 28% increasing in its earnings. The net loss for the 12 months to the…
Company emerges with significantly deleveraged balance sheet, ~$875 million of liquidity, and having achieved previously announced leadership transition HOUSTON, May 17, 2023 /PRNewswire/ — Talen Energy Corporation (“Talen” or “the Company”) announced today that it, along with its applicable debtor subsidiaries, has successfully consummated the strategic transactions contemplated by its chapter 11 plan of reorganization…
Kevin provides a wide spectrum of services to his clients. He was responsible for multiple restructuring and transaction advisory engagements, covering debt restructuring, mergers and acquisitions, valuation and financial due diligence. He was also engaged in both formal and informal insolvency procedures, including liquidations, receiverships, bankruptcies and scheme of arrangements. Kevin was previously a director…
Kevin Jackson, Oak Park Village Manager | Provided Oak Park Village Manager Kevin Jackson has proposed a significant restructuring of village staff with the impending retirement of department director Tammie Grossman, who oversees the villages commercial development and housing, as well as parking and permitting. Breaking up Grossmans vast division, currently called the Development Customer…
Tom Hill and Julius Steinert DB3 Group, the UK-based architecture, engineering and building services consultancy, has made some “significant” operational changes to the company. The changes follow a restructuring of the business to include key promotions and repositioning of business leaders. In December 2022, DB3 transitioned to an employee-owned model, and since then have been…
As a result of its failure to secure long-term investment, responsive space launch provider Virgin Orbit Holdings, Inc. along with its US subsidiaries, has filed for Chapter 11 bankruptcy protection in order to effectuate a sale of the business. The Chapter 11 filing comes after the companys sixth mission in January, in which its centrepiece…
Telecoms giant Vodafone Group was the leading FTSE 100 faller on Tuesday as it announced full-year trading numbers and restructuring plans. At 84p per share Vodafone shares were trading 6.7% lower. Revenues at the business edged 0.3% higher in the 12 months to March, to 45.7bn. Organic service revenues meanwhile increased 2.2% year on year…
Sono Group N.V. MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) — On May 15, 2023, Sono Group N.V. applied to the insolvency court of Munich, Germany, to permit the opening of a self-administration proceeding (Eigenverwaltung) with respect to Sono Group N.V. pursuant to Section 270 (b) of the German Insolvency Code (Insolvenzordnung). On the same…
Business reorganizations are inevitable. Theyre necessary for companies to adapt to changing market conditions, improve overall efficiency, and achieve their business goals faster. However, the restructuring process isnt always a smooth experience for everyone. Although the eventual outcome is foreseen as beneficial, the changes and the transition process can be arduous. When planned and executed…
This is a service specifically targeted at the needs of busy non-executive directors (NEDs). We aim to give you a heads up on the things that matter for NEDs in the week ahead all in two minutes or less. In this edition, we discuss two recent ASIC reports: the first highlights ASICs interventions in response…