Low-cost airline Bonza entered voluntary administration in April, less than 18 months after launching its first passenger flights. (Source: AAP) Hundreds of Bonza staff have been officially sacked, after hopes of finding a buyer for the embattled airline were dashed. They are also yet to be paid for months of work as administrators say they…
DetailsRestaurant group Tasty has become the first AIM-listed company to successfully secure a restructuring plan. The firm, which had faced an uncertain future after difficult trading conditions, was supported in securing the plan by experts from advisory firm FRP. Tasty is a branded restaurant operator in the UK casual dining market, with trading brands including…
DetailsBy Denise Mueller, Chief Business Officer, Affimed Denise Mueller The world of work is more uncertain than ever and the biotechnology sector is no exception, especially as we see ongoing fluctuations in the market and shifting preferences among investors and potential business development partners. Our industry is still slowly coming back from an industrywide plummeting…
DetailsNormal text sizeLarger text sizeVery large text size More than 300 employees at failed budget airline Bonza have been told their roles have been officially terminated after they havent been paid for more than two months. Bonza entered voluntary administration and appointed accounting firm Hall Chadwick at the end of April after its aircraft lessor…
DetailsDebt consolidation may make your debts easier to manage while saving you money. Getty Images/iStockphoto If you have high interest debt, you may be looking for options to eliminate it. As the cost of living continues to rise, balances with high interest rates can lead to financial hardship. One common debt relief option is debt…
DetailsBy Cameron Charters Published: 00:28 AEST, 11 June 2024 | Updated: 00:32 AEST, 11 June 2024 Coronation Street star William Roache today avoided being declared bankrupt over half a million pounds wanted by the taxman. The actor, who is best known for playing Ken Barlow, invested … Read the full article at: https://www.dailymail.co.uk/news/article-13513929/Coronation-Streets-Bill-Roache-92-avoids-declared-bankrupt-500-000-wanted-taxman-HMRC-dismisses-case-High-Court-hearing.html
DetailsSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt…
DetailsThe suspended board of debt-riddenJaiprakash Associates has moved appellate tribunal NCLAT challenging last week’s NCLT order which directed initiation of insolvency proceedings against the firm. The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order.Empower Your Corporate Journey…
DetailsFintech giant One97 Communications Ltd, which owns the Paytm brand, has initiated undisclosed employee layoffs while simultaneously offering outplacement assistance for their smooth transition, according to a statement. During the March quarter, Paytm observed a reduction of approximately 3,500 sales employees, bringing the total count to 36,521 individuals, primarily due to the ramifications of the…
DetailsRetailers are increasingly considering redundancy and restructuring options, as economic headwinds and trading costs hit the bottom line. Ragtrader can reveal the workplace relations team at the National Retail Association has fielded more than double the number of retailer enquiries pertaining to redundancy and restructure from 1 January 2024 to May 2024, compared with the…
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