Trouble burger restaurant chain Byron has announced a financial rescue plan that could close up to 20 shops a decade after it first opened its doors. The company has launched a restructuring process known as a company voluntary arrangement (CVA) as it tries to lower its rental bill and focus on a smaller number of…
DetailsBy Kathryn AllisonPublished: January 9, 2018 06:43 EST Share this: Japanese gambling series debuts to Western audiences this year Animated show based on Kawamotos original comics Streaming site Netflix has licensed a second series of popular series Kakegurui Compulsive Gambler, fans of the show were told at a recent convention for the manga…
DetailsNEW YORK (Reuters) – Lenders to U.S. mid-sized businesses are increasingly concerned about the higher levels of debt held by middle market companies versus a year ago, as well as what they consider to be less restrictive leveraged loan documents, a survey by Carl Marks Advisors found. Higher leverage levels and borrower-friendly loan agreements, the…
Details, ET Bureau| Jan 09, 2018, 07.13 PM IST A consortium of Aion Capital Partners and JSW Steel had emerged as the sole bidder for Monnet. MUMBAI: The Mumbai bench of NCLT on Tuesday granted the resolution professional of debt ridden steel company Monnet Ispat and Energy an extension of 90 days to complete its…
DetailsJan 09, 2018 Newsdesk Latest News, Macau, Top of the deck   Macau VIP gross gaming revenue (GGR) growth has slowed since mid-December, says a Monday memo from investment bank Credit Suisse AG, noting that the high roller trade typically accounts for 30 percent of casino operator earnings before interest, taxation, depreciation and amortisation (EBITDA).…
DetailsPTI| Updated: Jan 09, 2018, 07.20 PM IST The company said in a BSE filing that the RP has on close of business on January 4, 2018 received 4 resolution plans. NEW DELHI: Debt-laden Electrosteel today said four companies including Vedanta and Tata Steel have submitted bids to its Resolution Professional (RP), under the insolvency…
DetailsFashion retailer Cue is set to become the first major bricks and mortar retailer in the country to offer free three-hour delivery throughout Australia, as more and more retailers are forced to invest in innovative logistics solutions to compete with online shopping giants. The move by Cue comes on the back of a better than expected Christmas and…
DetailsJanuary 4 2018, 12:01am, The Times Ross Maguire Once lawyers get hold of a system there will inevitably be unnecessary delays and expenses The new personal insolvency system had some spectacular successes last year. It was set up to deal with unsustainable personal debt in Ireland, which in the main means mortgage debt, particularly on family…
DetailsJan 09, 2018 Newsdesk Latest News, Macau, Top of the deck   Macau VIP gross gaming revenue (GGR) growth has slowed since mid-December, says a Monday memo from investment bank Credit Suisse AG, noting that the high roller trade typically accounts for 30 percent of casino operator earnings before interest, taxation, depreciation and amortisation (EBITDA).…
DetailsHarriet Agnew January 9, 2018 Shares in Altice NV rose sharply on Tuesday morning following an announcement late on Monday of a wide-ranging organisational shake-up and restructuring of the struggling global telecoms group. Altices shares rose over 10 per cent in early trading as the market welcomed the news that it will spin off its…
Details