Business advisory firm FRP has announced a dozen partner promotions across its UK services. The move comes as part of 73 promotions across FRPs corporate finance, restructuring advisory, financial advisory, forensic services and business development teams, as well as support functions including IT and HR. With more than 570 staff, FRP is a specialist consulting…
DetailsMay 30, 2023 2.09pm The founder of streaming business SportsFlick has been bankrupted for failing to pay baby formula manufacturer Care A2 Plus nearly $2 million. Earlier this year Care A2 Plus, which is working towards a possible ASX compliance listing, lodged a creditors petition in the Federal Circuit Court alleging Dylan Azzopardi owed it…
DetailsA prominent residential building company in Western Australia has gone bust. On Monday, the Slatter Group WA Pty Ltd, trading as the Slatter Group, appointed liquidators to wind up the company. Samuel John Freeman and Clare Anne Baily of big four accounting firm Ernst & Young (EY) are the joint liquidators of the operation. The…
DetailsCourt adjourns insolvency bid against India’s SpiceJet 29.05.2023 – 06:09 UTC India’s National Company Law Tribunal (NCLT) has again adjourned an insolvency application lodged by Aircastle against SpiceJet. On May 25, the Delhi bench of the NCLT deferred the matter of Aircastle (Ireland) Limited vs SpiceJet Limited to June 1. It was the second adjournment…
DetailsKevin McCarthy with President Joe Biden at an Oval Office meeting on the debt ceiling on May 22.Saul Loeb/AFP/Getty Images Redeem now Biden and McCarthy finally reached a deal to raise the debt ceiling on Saturday night. The deal strengthens work requirements on welfare programs and codifies the end of the student-loan payment pause. The…
DetailsGetty Images President Joe Biden has urged Congress to pass a deal to raise the government’s borrowing limit and prevent a potentially catastrophic default on US debt repayments. So what is in the deal? Negotiators from Democratic and Republican parties finalised an agreement on Sunday night. If approved, it would allow the federal government to…
DetailsMay 30, 2023 Full house: Kyabram Plaza Theatre was full when Banksia Securities investors turned out in force a decade ago to be updated on the failed financial group. Photo by Neil Saunders Eleven years after the collapse of the Banksia Financial Group receivers acting on behalf of investors in the failed Kyabram company are…
DetailsNormal text sizeLarger text sizeVery large text size Aristocrat Leisure is the big name behind the headlines when talk turns to Australias addiction to poker machines. Aristocrat, with its 50 per cent market share, is the gorilla behind the scenes, and the clubs and pubs are the ones out in front, shareholder activist Stephen Mayne…
DetailsMay 30, 2023 12.01am The ACTU wants the Albanese governments upcoming same job, same pay laws to target major companies such as CIMIC, Qube, BHP and Qantas for using labour hire-like structures to push down pay. The union peak body named the construction, stevedore, mining and airline giants in research released on Tuesday that found…
DetailsBusiness insolvencies remain at worryingly high levels and North East firms may yet feel the fallout of recent economic shocks. Analysis of the latest corporate insolvencies figures by the North East arm of restructuring trade body R3 shows that while there has been a month-on-month drop of almost a third between March and April –…
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