Prepared by Carmela Attolini, Annalisa Ferrando and Judit Rariga Published as part of the ECB Economic Bulletin, Issue 1/2024. This box analyses corporate vulnerabilities as derived from firm-level replies to the Survey on the Access to Finance of Enterprises (SAFE). A firm is considered vulnerable if it simultaneously reports lower turnover, lower profits, higher interest expenses…
DetailsUniversal Credit and debt advice available in Mayors Advice NW Webinar 8 February 2024 Mayor of Derry City and Strabane District Council, Councillor Patricia Logue, has urged the public to get involved in the latest in her series of interactive online discussions to give advice and guidance to households in coping with the cost of living. The latest webinar takes…
DetailsProvides Update on Q4 and FY 2024 Guidance SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ — DocuSign (Nasdaq: DOCU) today announced a restructuring plan (the “Restructuring Plan”) designed to strengthen and support the Company’s financial and operational efficiency while continuing to invest in product and related initiatives that will provide the foundation to realize its multi-year…
DetailsA building company which went into administration last week appears to owe more than $12 million to creditors. News.com.au previously reported that Victorian construction company Langdon Building had appointed external administrators and had halted all construction work for six weeks but emphasised the business had not collapsed. But now more than 100 homeowners hoping to…
DetailsThe UK government has updated the 30-year-old special administration regime for water companies making it possible to rescue water companies. The new legislation (plus two draft instruments) aims to modernise water company insolvency legislation in the face of the growing challenges in the industry including higher operating costs, claims over sewage pollution and significant debt…
DetailsAnticipated cost savings of approximately $7 million on annualized run-rate basis SAN FRANCISCO, February 08, 2024–(BUSINESS WIRE)–Getaround (NYSE: GETR) (“Getaround” or “the Company”), the world’s first connected carsharing marketplace, today announced the Company will restructure its workforce and operations to reduce costs and align with the globalization of the Companys carsharing business, as it strives…
DetailsAn embattled South Fremantle brewery will keep its doors open via its acquisition by Simm Group of Companies. Atari Enterprises which is behind Running with Thieves entered voluntary administration in August last year, when it cited difficult trading conditions. The West Australian later revealed the Australian Tax Office was suing the brewerys boss Scott Douglas…
Details6854 Reads A Set small text size A Set the default text size A Set large text size ACT Brumbies chairman Matt Nobbs has shut down suggestions the Super Rugby franchise is following the path of the Melbourne Rebels by heading into voluntary administration and dismissed any suggestion of a potential merger. On Monday night,…
DetailsMajor building company St Hilliers has called in voluntary administrators, as strain continues in the Australian construction industry. A telephone statement from the group said Allan Walker of WLP Restructuring had been appointed to oversee investigations into the future of St Hilliers and six other entities. “The administrator is now in control of each of…
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