Sigma Healthcare shares have slumped after the pharmaceuticals supplier revealed a slump of more than 50 per cent in first-half profit to $13.4 million. Sigma, which owns pharmacy brands Amcal, Guardian, Discount Drug Store, and Chemist King, said the 51.8 per cent fall was partly due to $6.1 million of restructuring costs following the loss…
DetailsEmbattled former Maori Party co-leader Marama Fox is eyeing a return to Parliament in 2023, but says she’s focused on her current cashflow problems at present. Fox, whose consultancy company was liquidated last week, estimates she owes around $156,000 to creditors but says she’s determined everyone will be paid back. Her business problems prompted her…
Detailszhu difeng/Shutterstock If you feel like youre drowning in debt, youre not alone. According to Experians State of Credit report, the average household has $24,706 in non-mortgage debt. That means things credit cards, medical bills or car loans. With such a heavy debt load and high interest rates, digging yourself out from that debt can…
DetailsJude Petheram Rowan Kearns, director and controlling shareholder of Forestlands NZ Ltd. Shareholders say Kearns has cut contact with them except for updates on his website. (File photo) Investors in Forestlands NZ Ltd say they have little hope of receiving their promised returns as the company goes into liquidation. Forestlands put up no contest when the…
DetailsScores of debt-ridden young people in Birmingham are declaring themselves insolvent before they reach their mid-twenties. New data shows a total of 1,512 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 88 were aged…
DetailsSigma Healthcare shares have slumped after the pharmaceuticals supplier revealed a slump of more than 50 per cent in first-half profit to $13.4 million, partly due to restructuring costs following the loss of its contract to supply Chemist Warehouse in July. Sigma, which owns pharmacy brands Amcal, Guardian, Discount Drug Store, and Chemist King, says…
DetailsThere are two ways to find out whether a debt consolidation loan works for you: math and your own behavior. September 5, 2018 by Mike John Leave a Comment If you have a lot of unsecured debt such as student loans or credit cards, debt repayment can take up a significant chunk of your monthly…
DetailsJohn Studzinski, one of the most prominent figures in global finance, is taking up a senior role at Pimco. Pimco, founded by the investing legend Bill Gross, is one of the worlds biggest fixed-income-focused investment companies. Studzinski was previously a senior figure at the private-equity giant Blackstone, and he was crucial in the restructuring of…
DetailsFor three days of the Sydney Test against India in 2012, Michael Clarke held court with his home crowd and a nation of cricket lovers. Millions around the country – and many more on the sub-continent – watched as the Australian captain hit an unbeaten triple century – the defining innings of his career. It…
DetailsOne of the issues that has not yet caught the attention of the government or the IBBI is the treatment of MSMEs under the resolution plan. The Insolvency and Bankruptcy Code (IBC) is in its second year of operation; it has, at best, been a roller-coaster ride where the application of the said law has…
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