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DetailsA total of 146 corporate insolvencies were recorded in Ireland in the first three months of the year, according to the latest insolvency statistics published by Deloitte. his reflected a 22pc increase from the same period last year but was slightly below the number recorded in the final quarter of the year, when 154 insolvencies…
DetailsAnother Victorian building company has gone bust, weeks after the collapse of one of Australias largest home builders, Porter Davis, and construction firm Lloyd Group. Award-winning builder Mahercorp announced it went into voluntary administration on Friday, affecting more than 700 homes, as the industry continues to struggle amid the cost of living crisis. In a…
DetailsMcDonald’s (MCD) is set to report first quarter earnings on Tuesday, April 25, before the market open. Analysts are keeping an eye on food and labor inflation, the impact of recent restructuring actions, marketing initiatives like the Cardi B & Offset Meal, and digital sales growth. This report also comes as investor concern over a…
DetailsFORMER Manchester United star Wes Brown has been declared bankrupt, according to reports. The Mirror claim HMRC filed a bankruptcy petition against the ex-England defender in February, which was signed off at the High Court on April 12. Wes Brown has been declared bankruptCredit: PA:Press Association Brown split from his wife Leanne last yearCredit: Splash…
DetailsThe South West’s head for the insolvency and restructuring trade body R3 has responded to the latest insolvency figures for England and Wales and shared key advice to Gloucestershire businesses that could help to head off the risk of bankruptcy. With corporate insolvencies increasing by 37.7% in March 2023 compared to February and rising by…
DetailsA child poses for a photo at the booth of Shanghai Disney Resort during an exhibition of the 2nd China (Wuhan) Culture and Tourism Expo on April 22, 2023 in Wuhan, Hubei Province of China. Walt Disney Co has begun a second round of layoffs as part of an earlier announced restructuring expected to result…
DetailsCorporate insolvencies increased 22% year-on-year in the first quarter, jumping from 120 to 146, according to the latest figures from Deloitte. However, insolvencies fell from 152 in the previous quarter, so a forecasted increase in corporate insolvency activity has as yet failed to materialise. David Van Dessel, partner for financial advisory at Deloitte, said the…
DetailsA Vietnamese flag flies atop the State Bank building, near the Vietcombank and Bank for Investment and Development of Vietnam buildings, in central Hanoi, Vietnam. REUTERS/Kham/File photo HANOI Vietnams central bank will restructure loans for some businesses facing difficulties, including delaying loan repayments, the government said, as it seeks to shore up a slowing economy.…
DetailsCitizens Advice has warned people are at risk of “spiralling into debt” amid the cost-of-living crisis. That is the bleak forecast from Citizens Advice in the Black Country as new figures show the number of personal insolvencies has gone up across the region. A person becomes insolvent when they are unable to pay their debts…
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