LONDON, Feb 6 (Reuters) – Royal Bank of Scotland executives misled a parliamentary committee over the contents of a report into the banks treatment of small businesses, a lawmaker said in Britains parliament on Tuesday. The chief executive and the chairman of state-owned RBS offered misleading evidence about the extent to which the report accused…
by Rigzone Staff | Tuesday, February 06, 2018 International oilfield services company Expro revealed that it has successfully completed financial restructuring, which will provide the company with a stronger and more sustainable financial foundation to grow the business, according to an Expro statement. The Chapter 11 prepackaged plan of reorganization was completed in 50 days,…
Indianapolis Power & Light Co. is cutting 100 jobs in Indiana and getting a new president and CEO under a corporate restructuring by parent AES Corp. The utility announced the moves Monday evening as part of a global strategic transformation. Under the restructuring, Craig Jackson will assume the role of president and CEO of both…
Latest News With the bulk of the manufacturing GDP coming from local SMEs, it is good news to know that they are continuing to thrive even with the immense pressure coming from overseas imports. At the back of an exciting 2017 for the industry, something that Australian manufacturing should continue to provide is a compelling…
Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company’s board to immediately review its dual listed company structure. Elliott said an independent report it had commissioned found that removal of the dual-listing structure would deliver more than $US22 billion of shareholder value. It called for the…
Activist hedge fund Elliott Advisors has renewed its push for a restructure of BHP Billiton, asking the company’s board to immediately review its dual listed company structure. Elliott said an independent report it had commissioned found that removal of the dual-listing structure would deliver more than $US22 billion of shareholder value. It called for the…
Houlihan Lokey has announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong. Middleton enjoys an excellent reputation in the international restructuring community, having been a partner at KPMG, where for 10 years he was Head of its…
HONG KONG–(Business Wire)–Houlihan Lokey (NYSE:HLI), the global investment bank, today announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong. Mr. Middleton enjoys an excellent reputation in the international restructuring community, having been a partner at KPMG, where…
HPE New Zealand is the next to be hit by redundancies caused by their global restructuring initiative, HPE Next, according to rumours. Since the announcement of the initiative in October last year, there have been unofficial reports of large-scale redundancies across the many countries in which HPE operates. Now employees of the New Zealand branch…
It is in the process of executing a completely different business model for the brand in India. Confirming its restructuring plans for India, Chinese smartphone maker Gionee on Saturday said the company is not scaling down its operations in the country. Reacting to an IANS report that financial woes in China may hit Gionee’s India…