Shares in Pearson have soared as investors cheered a fresh set of restructuring measures unveiled by the education group ahead of its AGM on Friday. Pearson said it was looking at ways to save an additional £300m by the end of 2019 and that it has begun a strategic review of its US school publishing…
DetailsQ1 2017 insolvency statistics for England & Wales, published by the Insolvency Service, have shown a rise in both personal and corporate insolvencies. Corporate insolvencies The statistics show that corporate insolvencies have risen 4.5% from Q4 2016 to Q1 2017 and are 5.3% higher than this time last year. Adrian Hyde, president of insolvency and…
DetailsShares in Pearson have soared as investors cheered a fresh set of restructuring measures unveiled by the education group ahead of its AGM on Friday. Pearson said it was looking at ways to save an additional £300m by the end of 2019 and that it has begun a strategic review of its US school publishing…
DetailsThe following guest post is courtesy of Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luiss areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. Do you have an idea for a guest…
DetailsMay 5 The Indian government on Friday tweaked rules to help tackle the record $150 billion in troubled debt accumulated in the nation’s banks. The government may authorize the Reserve Bank of India to direct banks to initiate an insolvency resolution process in the case of a default under provisions of the bankruptcy code, the…
DetailsShares in Pearson rose as much as 15 per cent after the education group unveiled a fresh set of restructuring measures, ahead of what is set to be a fiery annual meeting. The FTSE 100 group said it is looking at ways to save an additional £300m by the end of 2019, having already reduced…
DetailsLONDON Pearson (PSON.L), the global education company battling a downturn in its biggest markets, said it would cut more costs and consider selling its U.S. school courseware business in the latest attempt to restructure. Pearson, which has issued five profit warnings in four years after students in the United States started renting rather than buying…
DetailsA record number of care home businesses failed last year as the financial pressure on social care in Britain took its toll. New government figures show that 75 care home businesses were declared insolvent in 2016, up from 74 the previous year. The failures mean that in total 421 care home businesses have collapsed since…
DetailsUnpaid IT contractors are still scrambling for answers in the wake of pay management service Plutus Payroll suddenly suspending operations following what it described as a “commercial dispute”. Plutus Payroll informed contractors on Monday night that it had suspended business activities, effective immediately. Plutus said some payments scheduled between 27 April to 2 May may…
DetailsThe government will consider introducing identification numbers for directors of Australian companies, after the Productivity Commission labelling it a necessary reform to the countrys insolvency practices. On Thursday Small Business Minister Michael McCormack handed down the governments response to the commissions final report from its review of business set-ups, transfers and closures in Australia, which considered the…
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