PepsiCo is undoubtedly one of the largest companies in the world who has a huge dominance over cold drink industry. However, according to recent reports PepsiCo has decided to do mass layoff of its employees because of its restructuring plan. PepsiCo has recently started a restructuring plan which is going to cost company millions…
DetailsAnswer: Bankruptcy is not uncommon – particularly since the recession. There were 473 bankruptcy adjudications in 2017 in Ireland, according to the Insolvency Service of Ireland – so you are not alone here. However, your experience with insurers is not an anomaly – many of the mainstream home insurers will not provide cover to someone…
DetailsNEW YORK, Feb. 24, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
DetailsTo recover its loans from Jet Airways, state-run lender SBI is mulling moving National Company Law Tribunal as it feels the airline is running out of funds for operations, even as shareholders of the debt-laden carrier have approved a debt rejig plan, officials said. Shareholders of Jet Airways have approved conversion…
DetailsThe Special Investigating Unit (SIU) is investigating the alleged theft of R139 billion from Eskom, related to the construction of the Medupi and Kusile power stations, the Sunday Times has reported. This is reportedly part of a broader SIU investigation into the theft of about R170 billion from the power utility. The paper reported that…
DetailsSky News has learnt that a syndicate of lenders including prominent hedge funds has appointed FTI Consulting to advise on their interest in one of Britains biggest retailers. FTIs appointment is understood to have been signed off just days before Christmas, with Debenhams hoping to defy expectations of a dire festive trading period for…
DetailsSocial worker Jenny McCabe helps other people all the time, but it was her own financial stress that put her on the path to getting help herself. Struggling with high credit card debts after a relationship breakdown, Ms McCabe said she burst into tears of relief at her first meeting with a professional financial adviser.…
DetailsFormer boxer Eubank was declared bankrupt in November 2005 after racking up debts of 1.3m. Eubank lived a life of luxury. Fancy cars. Big holidays. Clothes. Shoes. The works. The former WBO middleweight and super-middleweight champion is regarded as the fourth best British super-middleweight in history. But, after hanging up his gloves in 1998 with…
DetailsGPs in England have been told they can no longer charge a fee for paperwork to help people with mental health problems who are being pursued by creditors or debt collectors to access support. The British Medical Association (BMA)hascommitted to ending charges for mental health debt forms, which can be requested as evidence by creditors…
DetailsAn Information and Communications Technology (ICT) company, Chams Plc, has assured its shareholders of better days ahead following the successful outcome of its restructuring which covers the companys business model, products and financials. Besides, the company has been deploying its e-voting platform to ensure cost-effective and seamless voting system for some reputable organisations in Nigeria.…
Details