Greig Cameron Scottish Business Editor Financial difficulties are forecast for Scots amid uncertain times for the economyTimes photographer James Glossop The number of Scots becoming insolvent has risen by almost a fifth, amid fears that many more are likely to face financial difficulty this year. The higher price of food and energy is expected to…
DetailsAuthor: Agrokor. License: All rights reserved. ZAGREB (Croatia), April 25 (SeeNews) – Croatia’s troubled food and retail concern Agrokor said on Tuesday it has chosen consulting firm AlixPartners to advise it on the company’s restructuring. AlixPartners was selected after a public call for restructuring consultants, which was also answered by international companies McKinsey, BCG, EY, KPMG…
DetailsThe founder and former trustees of the collapsed charity Kids Company could be banned from holding company directorships. The youth organisation folded amid a storm of controversy in August 2015 just days after receiving a £3 million Government grant in a final bid to keep it afloat. Kids Company received more than £42 million of…
DetailsCHATTANOOGA, Tenn.–(BUSINESS WIRE)– Unum Group (NYSE: UNM) today reported net income of $229.9 million ($1.00 per diluted common share) for the first quarter of 2017, compared to net income of $210.6 million ($0.88 per diluted common share) for the first quarter of 2016. Net income includes net after-tax realized investment gains and losses on the…
DetailsCHATTANOOGA, Tenn.–(BUSINESS WIRE)–Unum Group (NYSE: UNM) today reported net income of $229.9 million ($1.00 per diluted common share) for the first quarter of 2017, compared to net income of $210.6 million ($0.88 per diluted common share) for the first quarter of 2016. Net income includes net after-tax realized investment gains and losses on the Companys…
DetailsGreeces prime minister held out for a commitment from lenders to debt relief on Tuesday (25 April), and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a 22 May target. Talks over reforms in the energy and labour market and pension cuts and income tax…
DetailsSTOCKHOLMEricsson AB fell to a hefty net loss in the first quarter after booking provisions, write-downs and restructuring costs of 13.4 billion Swedish kronor ($1.51 billion), but said a more focused business strategy should see the company significantly improve its profitability next year. The supplier of wireless-communications gear reported a net loss for the three…
DetailsROME: Alitalia SpA workers voted against job reductions and pay cuts touted as the last chance for the cash-strapped Italian flag-carrier to avoid being placed under administration. Staff at the airline, which employs 12,500 people, rejected the steps brokered by management and labour leaders as part of a 2 billion-euro (US$2.2bil) refinancing package, according to…
DetailsATHENS (Reuters) European Commission President Jean-Claude Juncker urged euro zone countries to draw up more debt relief measures for Greece next month, saying Athens needed help after making huge progress in its economic reforms. Euro zone finance ministers will meet in Brussels on May 22 to discuss progress made in talks to conclude Greeces crucial…
DetailsBy Renee Maltezou and Lefteris Papadimas | ATHENS Greece’s prime minister held out for a commitment from lenders to debt relief on Tuesday, and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a May 22 target. Talks over reforms in the energy and labor market…
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