Headline losses before tax came to 87.3 million for the 53 weeks to March 30, compared to 72.8 million this time last year. Losses were deepened by the retailers store closure plan, which was agreed last year under a Company Voluntary Arrangement (CVA). Mothercare UK, which operates as a separate company to Mothercare Ireland, said…
DetailsThe collapse of British Steel Limited, with the potential loss of at least 5,000 jobs, has once again exposed deep fault lines in the governments laissez-faire economic ideology and in Britains shareholder-centric model of corporate governance. The government clings to its do-nothing approach, justifying its rejection of financial support, a bailout or public ownership of…
DetailsPictured: Gillian Doyle, CEO and Kenneth Doherty, COO In our Ones to Watch section, we highlight some of the top up and coming businesses in Ireland. This week we feature Cerebreon. What is it? Cerebreons intelligent debt recovery platform, CORTX Insolvency, is the first deep learning platform in the UK insolvency market which predicts when…
DetailsAsset Backed Management Limited was wound up on 7 May 2019 by Judge Barton at the High Court in London following an investigation by the Insolvency Service. The Official Receiver has been appointed as liquidator. The court heard that Asset Backed Management, incorporated in January 2017, sold asset investment opportunities to members of the public,…
DetailsThe U.K. High Court on Wednesday placed British Steel Ltd. into compulsory liquidation after the steel maker failed to obtain last-minute rescue funds from the government. The company, which employs more than 5,000 people, will continue operating while the governments Official Receiverthe liquidatorexplores options for the business, including a potential sale, according to a spokesman…
DetailsA Conewango Valley man who helped defraud more than 100 small business owners out of $397,249 through a debt restructuring scheme was sentenced Thursday to time served in prison, which equaled 9 months. Prosecutors wanted U.S. District Judge Lawrence J. Vilardo to send Mark Farnham to prison for 27 months. Farnham, 26, who pleaded guilty…
DetailsThe government has been heavily criticised for allowing British Steel to fail. The desire to proceed cautiously is understandable, the business is in such a perilous financial state that it would probably have ceased trading altogether when talks broke down were it not for the support of the Official Receiver. Advancing 30 million of taxpayer…
DetailsBy Caitlin Gibson, At first, Athena Cross was sure shed somehow misheard. As she sat in the sunshine at her sons college graduation ceremony at Morehouse College in Atlanta, where billionaire tech investor Robert F. Smith was addressing the 2019 graduating class, Smith suddenly made a stunning announcement: His family would create…
Details— Company will explore strategic alternatives for its immuno-oncology programs — Company will align its resources to focus on HEPLISAV-B commercialization — Eddie Gray, CEO, to retire BERKELEY, Calif., May 23, 2019 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (NASDAQ: DVAX), today announced a strategic restructuring to prioritize its vaccine business by focusing on the companys…
DetailsLiz Wells, May 23, 2019 THE financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator, and the company this week advising Dalgrains records indicate it traded profitably for a number of years from its office in Dalby. It would appear that…
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