Subcontractors stop work as major WA builder signals cashflow trouble – WAtoday

A West Australian builder with a long history of delivering major commercial projects has reportedly written to subcontractors warning them to down tools as the company reviews its “financial viability”. Cooper & Oxley is more than 60 years old and has delivered more than $2 billion in projects over the past decade, including the 1309 Hay Street Hotel Development, Baldivis Senior College…

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McGrath real estate sinks 8.5 per cent after gambling debt revealed – The Sydney Morning Herald

Shares in listed real estate company McGrath Limited have fallen sharply on Monday. Fairfax Media revealed on the weekend that the company’s multi-millionaire founder and soon-to-be executive chairman John McGrath has a $16 million debt to gambling company William Hill Australia. Real estate identity John McGrath Photo: Daniel Munoz On Monday morning shares in McGrath fell…

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Houlihan Lokey Expands Financial Restructuring Business in Asia-Pacific Region With New Hire – Digital Journal

HONG KONG–(Business Wire)–Houlihan Lokey (NYSE:HLI), the global investment bank, today announced that Edward Middleton has joined the firm as a Managing Director and Co-Head of Financial Restructuring, Asia alongside Brandon Gale. He is based in Hong Kong. Mr. Middleton enjoys an excellent reputation in the international restructuring community, having been a partner at KPMG, where…

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ChannelLife Australia – Redundancies ahead for HPE NZ employees amidst global restructuring – ChannelLife Australia

HPE New Zealand is the next to be hit by redundancies caused by their global restructuring initiative, HPE Next, according to rumours. Since the announcement of the initiative in October last year, there have been unofficial reports of large-scale redundancies across the many countries in which HPE operates. Now employees of the New Zealand branch…

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Abu Dhabi’s Etihad scrambles to shore up $1.2bn bonds – Gulf … – Gulf Business News

Sunday 04 February 2018 Etihad Airways is urgently examining ways to avert a technical default of some $1.2bn in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015 and issued two bonds for Etihad…

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Dual citizenship fiasco ongoing as Labor’s David Feeney is named the latest casualty – ABC Online

The dual citizenship fiasco is like the dying hour of a drunken Canberra dinner party. All the guests are pointing the finger at each other about who knocked over the bottle of Cabernet Sauvignon, staining the carpet of a moderately overpriced apartment, during a meandering argument about who is the most dinky-di Aussie. And…

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