Under Armour edged out Wall Street estimates on both the top and bottom lines in Thursdays second-quarter earnings announcement. It saw North American sales increase for the first time in year. The apparel maker says it will take about $US80 million in additional restructuring charges. Shares are up 5.5% in early trading. Watch Under Armour…
DetailsUPDATE, 10.55am: SACKED overnight en masse, shocked and saddened Kimberley Kamper employees have been collecting their personal items from the gated Ballina factory this morning. Administrators from insolvency form SV Partners and a security guard have been letting workers in seven at a time into the complex in what is a coldly formal process. Workers…
DetailsJuly 26, 2018 The Chandigarh bench of the National Company Law Tribunal (NCLT) on Wednesday approved the resolution plan by single bidder Liberty House to acquire the assets of debt-laden Amtek Auto Ltd. The company was among the first list of 12 large bad loan accounts that the Reserve Bank of India (RBI) identified for…
DetailsMUMBAI: Mumbai-based power transmission and distribution company Jyoti Structures has been ordered to be liquidated by the National Company Law Tribunal (NCLT) after lenders could not agree with a resolution plan within the stipulated deadline. The company owed lenders a total of Rs 8,000 crore and was among the 12 companies which the Reserve Bank…
DetailsMPs have called for greater support to help UK households that struggle financially, to help them deal with debt and encourage saving. Members of the Treasury Committee also called for the Lifetime ISA (individual savings account) nicknamed ‘Lisa’, to be scrapped due to its “perverse incentives and complexity”. The call came with number of recommendations,…
DetailsThe Government must take urgent action to help hard-pressed households deal with debt, MPs have warned. A report from the Commons Treasury Select Committee also calls on ministers to act now to tackle a looming crisis caused by 12million people not saving enough into pensions. It comes after figures from the Money Charity revealed Britains…
DetailsA Braddon candidate declared bankrupt a decade ago says he won’t pull out from this weekend’s by-election even though he’s likely to be ineligible to sit in parliament. Australian People’s Party candidate Bruno Strangio was declared bankrupt in 2008 – undischarged bankrupts are ineligible to sit in parliament. Bruno Strangio, He was one of 13…
DetailsScottish personal insolvency numbers rise 25 July 2018 Image copyright Getty Images The number of personal insolvencies in Scotland rose between April and June, according to new figures. Accountant in Bankruptcy (AiB) reported 3,208 bankruptcies and protected trust deeds (PTDs) during the first quarter of the financial year. The figure was up 11.8% on the…
DetailsHard-pressed households need stronger action to help them deal with debts and save for a rainy day and a pension, MPs have urged. The Treasury Committee also called for the Lifetime ISA to be scrapped due to its perverse incentives and complexity. … Read the full article at: https://www.independent.co.uk/news/business/news/household-debt-government-help-scrap-lifetime-isas-says-treasury-committee-a8463766.html
DetailsMore Scots are falling into serious financial difficulty as inflation and slow wage growth affect household budgets. Figures from the Accountant in Bankruptcy showed more than 3,200 people entered personal insolvency between April and June, a rise of almost 12 per cent compared with the same period last year. The increase followed a 27.5 per…
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