Administrators for collapsed travel chain STA Travel say they will not offer refunds to customers who cancelled their holidays because of the COVID-19 pandemic. STA Travel appointed administrators from Deloitte on Saturday after weeks of refund claims from angry customers forced to ditch their travel plans amid domestic and international border closures. The chain, which…
Details(Bloomberg) — BillionaireJohann Grafhas never had to fight on so many fronts at the same time. The ordinary-mans gambling company, Novomatic, the 73-year-old Austrian butcher-turned-tycoon created four decades ago, is raking in smaller profits as the pandemic drives people away from slot machines in casinos from Las Vegas to Macau. His company is also battling…
DetailsAustralian universities unveil job cuts of up to 30 percent By Mike Head24 August 2020 Assisted by the role of the National Tertiary Education Union (NTEU) in continuing to push through historic cuts in jobs, wages and conditions, Australian university managements are unveiling plans to intensify their offensive, eliminating thousands more jobs. In line with…
DetailsThe Australian Securities and Investments Commission (ASIC) has pointed to a situation where there may not be enough registered liquidators (RLs) to handle COVID-19 related corporate insolvencies because many of the RLs are facing financial struggles themselves. ASIC had revealed the dilemma to the Parliamentary Joint Committee on Corporations and Financial Services noting it as…
DetailsSTA Travel Group has collapsed into voluntary administration. It comes after the collapse of its Swiss-based parent company STA Travel Holding AG. Deloittes Jason Tracy and Timothy Norman were appointed as administrators, with the company telling customers that they are unable to provide cash refunds. Visit Business Insider Australias homepage for more stories. Travel agent…
DetailsSports Direct parent company Frasers Group has bought the gyms business of DW Sports out of administration for 37 million and will rebrand them as Everlast Fitness Club. The company – full name Dave Whelan Sports – was declared insolvent in August and BDO appointed to manage its assets. It had DW Fitness premises in…
DetailsFive bedroom property in The Little Boltons was home to the last Maharaja of Lahore Sir Duleep Singhs son PrinceVictor Duleep Singh married Lady Anne Coventry, the daughter of the 9th Earl of Coventry, in 1898 Caused furore in London high society as it was first time an Indian royal had married an English noblewoman…
DetailsRetailing collective Super Retail Group has reported a 20 per cent slide in profit for the full year after repayments costs related to the company’s $62 million underpayment scandal continue to weigh on the business. The company, which operates Supercheap Auto, Rebel Sport, BCF and MacPac, told investors on Monday its statutory net profit after…
DetailsBy Wayne Robinson | 5 August 2020 One of the country’s major direct mail houses, Direct Mail & Marketing, is in voluntary administration, sending a cold shiver through the Victorian print industry. Into administration: Fred Humphrey, Direct Mail & Marketing With its corporate office in Bourke Street and production centred in Dandenong South, the company…
DetailsAustralia is in recession, which means now is an important time to be focus on ways to become financially secure. By following these three golden rules you can change your relationship with money, take stock of your current financial situation and help prepare your family for what may lie ahead. Build an emergency fund Youve…
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