Source: Montenegro Airlines PODGORICA (Montenegro), May 25 (SeeNews) Montenegro’s tax authority said it has rejected the tax debt restructuring proposal of flag carrier Montenegro Airlines as the company receives state aid. In this way, Montenegro Airlines tops the blacklist of tax debtors to the country’s treasury, with liabilities worth 15.4 million euro ($17.3 million), the…
DetailsRetail giant Marks & Spencer has seen annual profits tumble by nearly two thirds and revealed sales across its under-pressure clothing arm have plunged back into reverse. Chief executive Steve Rowe admitted the group’s overhaul has “come with a cost” as he posted a 63.5% plunge in bottom line pre-tax profits to £176.4 million on…
DetailsOne of Australia’s largest vocational education providers, Careers Australia, has been placed into voluntary administration. It leaves an uncertain future for its 15,000 students, 1,000 staff members and 13 campuses across the country, from Melbourne to Townsville. At its height Careers Australia was raking in hundreds of millions of dollars in taxpayer funding for…
DetailsSAN FRANCISCO (KGO) — The family of a missing Uber driver missing for a week and a half is not giving up hope that he’ll be found. Police so far aren’t talking about the case, except to say they’re serving search warrants. According to a source with knowledge of the SFPD investigation, foul play is…
DetailsThe TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago. Frances OGrady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt which…
DetailsBritain’s best-known fashion retailer Sir Philip Green is expected to come to the rescue of TOPSHOP Australia by taking over the local operations. The administrators of TOPSHOP Australia, which was placed into voluntary administration on Wednesday night, are in talks with Sir Philip’s Arcadia Group, which owns the TOPSHOP and TOPMAN brands, about taking back control of…
DetailsRelated Story: Local retailers feel fashion pain as global brands expand Related Story: Marcs, David Lawrence appoint voluntary administrators, Alannah Hill to exit David Jones Almost six years after opening stores in Australia, fashion retailer Topshop Australia has been placed into voluntary administration amid mounting debts. Administrator Ferrier Hodgson…
DetailsSome of Topshop’s Australian stores could close after the company operating them was placed in voluntary administration. Three partners from restructuring firm Ferrier Hodgson have been appointed voluntary administrators to Austradia, which operates nine stores, 17 Myer concessions and an online business. Ferrier Hodgson’s James Stewart said the Topshop/Topman stores will be open as usual…
DetailsOffshore drilling services company Seadrill Ltd. has made “significant progress” with its banks on the terms of a debt restructuring plan that will likely require filing for bankruptcy in the U.S. or U.K. Continue Reading Below Seadrill said Wednesday it is in advanced talks with secured lenders and third-party investors on the terms of a…
DetailsWEST PALM BEACH, Fla. (CBS12) The federal government shut down a debt relief scam operation that took tens of millions of dollars from people. The bad guys targeted seniors who thought they were getting financial help. Now, three men behind the operation are facing a multitude of charges. Tune in to CBS12 at 5…
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