MARK TAYLOR/Stuff Darren Mills of Waikato Explorer Ltd at the city jetty in Hamilton earlier this year. Hes now working for wages in Wellington. Hamiltons river ferries firm is sunk financially, and had no other choice but voluntary liquidation after it failed to sell, raising questions about recent ratepayer-funded jetty upgrades. Waikato Explorer Ltd has…
DetailsMark Lloyd (Optic Security Group) Credit: Supplied Optic Security, a trans-Tasman cyber security firm created in 2018 by rolling up existing businesses, has been sold out of voluntary administration. Optic Security Group Ltd was the 100 per cent shareholder of Optic Security Finance Group which in turn owned four New Zealand and two Australian subsidiaries.…
DetailsRockville, Dec. 06, 2022 (GLOBE NEWSWIRE) — Corporate Restructuring Advisory Market Is Expected To Grow At ACAGR Of 6.3%and Reach a Valuation ofUS$ 44.5 Billionby 2033 By Fact.MR Adverse economic and business environment will keep the momentum high for corporate restructuring advisory services providers Fact.MR, a market research and competitive intelligence provider, reveals that the…
DetailsThe solution to Nigerias growing housing deficit lies in the restructuring of the countrys mortgage business, NIMCO Group, the developer of Ivy Suite Estate, has said. The developer believes that the present structure of the mortgage system in the country does not support or encourage housing affordability as it is neither affordable nor accessible given…
DetailsThe collapse of century-old builder Clough has hit headlines this week, and the news appears to be weighing on the Beach Energy Ltd (ASX: BPT) share price. The oil and gas stock plummeted 4% yesterday and its down another 7.28% today, trading at $1.68 at the time of writing. For comparison, the S&P/ASX 200 Index…
DetailsTALLAHASSEE With Floridas property insurance system in turmoil, state lawmakers could be poised to take major steps to try to stabilize the market during a special legislative session next week. Senate President Kathleen Passidomo, R-Naples, and House Speaker Paul Renner, R-Palm Coast, released a formal session proclamation Tuesday that indicated lawmakers will consider a series…
DetailsPosted on Dec 6, 2022 As the cost of living crisis continues to squeeze personal finances, experts from personal insolvency provider, Creditfix, are warning of the impact that debt problems can have on employees. With more people struggling to afford utility bills, rent, mortgages and food, this can have a huge impact on an individuals…
DetailsA proposed disposal by Murray & Roberts (M&R) of its Clough unit to Webuild was terminated on Monday and Clough and its subsidiaries placed into voluntary administration in Australia with immediate effect, together with the JSE-listed groups Australian holding company, MRPL. The announcement triggered a sharp decline in M&Rs shares, which were trading about 13%…
DetailsThe fall of Perth builder Clough into voluntary administration after more than a century in business marks the latest in a string of local builders to hit troubled waters. Key points: WA building giant Clough has entered voluntary administration The administration is being overseen by Deloitte The delivery of several bigprojects is now in doubt…
Details6 December 2022 Economic Development Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the head of UN trade facilitation agency UNCTAD has warned. Speaking in Geneva, Rebeca Grynspan saidthat between 70 and 85 per cent of the debt that emerging and low-income countries are responsible for, is in a…
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