Tuesday marks the end of an era for World Superbike fans as the Ten Kate Racing organisation has declared itself bankrupt. The future of the Dutch outfit was thrown into disarray when it was announced that Honda Racing Corporation (HRC) would be returning to the championship alongside Moriwaki and Althea Racing as of 2019. The…
DetailsTHE number of insolvencies during this financial year so far is half that of the last financial year, according to statistics provided by the master of the High Court at the national consultative workshop on the insolvency bill being held at Swakopmund. Last year, 32 insolvencies were registered, which included 12 companies and 15 close…
DetailsA Sheffield city centre which closed after being declared insolvent with debts of more than 1 million is set to re-open under new owners. The Sentinel Brewhouse shut its doors with immediate effect back in September after running into financial difficulties. The Sentinel Brewhouse is set to re-open under new owners. But now the…
DetailsTHE company that runs an awards event promoted as the working womens Oscars is being liquidated with debts of more than 100,000. But the couple who already run the Venus Awards are planning to buy it back out of liquidation and keep going. This years Dorset Venus Awards went ahead at Bournemouths Hilton Hotel on…
DetailsPets at Home, the pet shop-to-vets business, has unveiled a sharp fall in pre-tax profits and warned its costs will rise as it restructures its struggling veterinary operations. The group, which has been targeted by short sellers who are homing in on the distressed British retail sector,as households reduce their discretionary spending, said first-half profits…
DetailsBASF has unveiled a company-wide reorganization in a bid to hike profits by $2.3 billion annually by 2021, the equivalent of increasing pretax profits by between 3 and 5% per year. The firm also aims to increase annual sales of products it claims make a substantial contribution to sustainability to $25 billion by 2025. BASFs…
DetailsTHE company that runs an awards event promoted as the working womens Oscars is being liquidated with debts of more than 100,000. But the couple who already run the Venus Awards are planning to buy it back out of liquidation and keep going. This years Dorset Venus Awards went ahead at Bournemouths Hilton Hotel on…
DetailsFile photo: Ayanda Ndamane/ African News Agency (ANA) Cape Town The Amy Foundation fears that more funders may withdraw their support to the organisation facing a number of challenges, including a strike by employees. The foundations managing director, Kevin Chaplin, has confirmed that 13 funders have already withdrawn. This as its employees vowed to intensify…
DetailsLatest News The Australian Subcontractors Association (ASA) has called on the federal government to provide greater protection for subcontractors in the wake ofrecent administration woesof engineering firm RCR Tomlinson. Last week, the storied contractor delivereda surprising news that it was appointing voluntary administrators due to financial troubles. In August, RCR raised $84 million on an…
DetailsGeneral Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8100 white-collar workers, some of whom will take buyouts and others who will be laid off. The…
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