A STRING of companies linked to The Convent in Woodchester have been placed in temporarily liquidation by the government to protect more than £7.8 million raised by investors. The investigation, led by the Insolvency Service, has seen the seizure of 13 companies run by Matt and Charlotte Roberts, all operated from hotel and music venue…
DetailsA Queensland boarding school failed to properly care for a student after she was allegedly gang-raped by older boys while boarding there in 2006, a royal commission has been urged to find. Counsel assisting the Royal Commission into Institutional Responses to Child Sexual Abuse, David Lloyd, made submissions harshly criticising Townsville’s Uniting Church-run Shalom Christian…
DetailsIt has been about a month since the last earnings report for PPG Industries, Inc. PPG . Shares have lost about 3.8% in that time frame, underperforming the market. Will the recent negative trend continue leading up to the stock’s next earnings release, or is it due for a breakout? Before we dive into how…
DetailsDistressed debt players are used to getting their hands dirty, but the team from SC Lowy might be about to take that a bit further as they run their eye over one of Australia’s biggest hydroponic farms. Maria’s Farm Veggies is a $65 million venture that was to grow tomatoes and capsicums inside a 16-hectare glasshouse at Williamtown…
DetailsPARIS/COPENHAGEN (Reuters) – Total (TOTF.PA) is buying Maersk’s oil and gas business in a $7.45 billion deal which the French energy major said would strengthen its operations in the North Sea and boost earnings and cash flow. For Danish company A.P. Moller Maersk (MAERSKb.CO), the sale of Maersk Oil, with reserves equivalent to around 1…
DetailsInfrastructure and environmental services group Cardno said it was looking for “bolt-on” acquisitions after asset sales helped the group swing to an annual net profit of $8.6 million. The Brisbane-based company’s profit was boosted by the sale of a software business, XP Solutions, in September for $US49 million, allowing it to move back into profit…
DetailsResolving the differences in a divided playing group looms as the biggest immediate challenge for whoever becomes Gold Coast’s next NRL coach. Neil Henry, the man appointed in 2014 following the sacking of foundation coach John Cartwright, was axed on Monday with a year remaining on his contract. It brings an underwhelming end to a…
DetailsOperating a business is no mammoth task and needs planning and correct execution. However, at times you will find that you need to take mortgages for buying resources for your business. If you are not careful with debt management, there are high chances that you will borrow excess money and run into debts. There may…
DetailsPM Narendra Modi. (Image: PTI) The government is considering bringing in regulations in phases to deal with individual bankruptcy under the overarching law the Insolvency and Bankruptcy Code (IBC) 2016. Sources told FE the government will first come up with insolvency regulations for individuals who are into businesses, which could be announced in a month.…
DetailsHYDERABAD: The National Company Law Tribunal (NCLT) has appointed an interim insolvency professional for SmartCity (Kochi) Infrastructure, after admitting a payment default claim by a creditor against the joint venture between the Kerala government and Dubai’s Tecom Investments. The Kerala government holds a 16% stake in the IT special economic zone, with Dubai Holding’s Tecom…
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