A printing company in the Scottish Borders has gone into liquidation with the loss of 15 jobs. The family-owned Meigle Colour Printers was founded more than 40 years ago. The company claims that in recent years the business has faced challenges, including the shift from printed to digital media. It says the rising costs of…
DetailsTwo months after a National Company Law Tribunal (NCLT) issued an order initiating corporate insolvency proceedings against debt-ridden Orchid Pharma, numerous potential suitors, including top private equity players and domestic peers are eyeing the Chennai based company as part of a resolution plan under the provisions of the insolvency and bankruptcy code, multiple sources familiar…
DetailsMedicines Co. (NASDAQ:MDCO) +8% premarket after reporting a smaller than expected Q3 loss and announcing plans to restructure the company, including laying off more than 85% of its workforce. MDCO says the restructuring, which it plans to substantially implement within the next 45 days, will cut headcount to fewer than 60 people. MDCO also expects…
DetailsA St Austell coach holiday boss who blamed Brexit, terrorism and his divorce for the collapse of his business has been declared bankrupt. David Hamilton, director of Hamilton’s Coach Holidays, lost holidaymakers thousands of pounds at the end of September after cancelling dream trips with only a couple of days’ notice. Disappointed customers arrived at…
DetailsOil and gas vessel operators are doing it tough.Picture: Chevron The oil price slump has claimed a victim in WA oil and gas vessel operator Go Marine Group, which has been put into administration. Go Marines board appointed administrators from KordaMentha last Friday to the company, which is owned by Singapores Otto Marine. Its understood…
DetailsMUMBAI: Reliance Communications (RCom) is believed to be closing down major parts of its wireless business in the next 30 days, blaming among other factors, the creative destruction brought in by new entrant Reliance Jios free voice and cheap data services, and has told its employees that their last date of employment will be November…
DetailsHYDERABAD: Empee Sugars and Chemicals has withdrawn the insolvency petition it filed before the National Company Law Tribunal’s (NCLT) Hyderabad bench after its main lenders agreed to assign their outstanding loans to leading stressed loans buyer Edelweiss Assets Reconstruction Company. Empee Sugars and Chemicals earlier this month submitted before the NCLT that its secured lenders,…
DetailsTwo Chinese nationals were yesterday tried at Phnom Penh Municipal Court over their involvement in kidnapping three fellow nationals to extort money from their families over unpaid gambling debts. Presiding judge Seng Leang identified the accused as Ding Chunyaun, 55, the owner of the Blue Casino in Poipet City and Zhang Qian Giang, 34. Mr…
DetailsCaterpillar Inc. continued to benefit in the third quarter from the combination of increased overall sales and comparisons with a weaker performance a year ago. The company, with a railroad-equipment production plant in Winston-Salem, reported Tuesday significantly increased domestic and global sales in its construction, energy and mining units. Third-quarter net income jumped more than…
DetailsA former director of a failed Victorian dairy business has told a court hearing into the company’s collapse that she had no experience in the dairy industry and did not understand her obligations as a company director. Key points: Violetta Esposito questioned over money transferred from dairy company which was used for cosmetic surgery…
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