LONDON–European home improvement retailer Kingfisher PLC (KGF.LN) on Tuesday said strong growth in the U.K. and Poland along with favorable exchange rate movements has led to a rise in first-half earnings. “Performance has been driven by Poland and the U.K., especially Screwfix, and a stable profit performance in France,” Chief Executive Officer Veronique Laury said.…
DetailsFew things in life are as annoying as persistent phone calls from telemarketers and debt collectors. They can be relentless. The calls are also often made in violation of the Telephone Consumer Protection Act or the Fair Debt Collection Practices Act. Thats where Nathaniel Clark comes in. Clark, a litigation attorney with The Law Offices…
DetailsHELIOS Investment Partners would pay $115.8m for 49% of the voting rights in Nigerian oil and gas group Oando plcs subsidiary Oando Gas and Power (OGP), it said on Monday. The deal will help Oando to bring down debt. At the end of June, the group had total short-and long-term borrowings of 279.7-billion naira ($888.6m)…
DetailsSHANGHAI A court in southern China has formally declared bankrupt Guangxi Nonferrous Metals Group Co Ltd, an unlisted state-run metals producer that defaulted on a bond in February and missed a payment in April. The firm, which is owned by the Guangxi regional government, had failed to propose a court-ordered reorganisation plan within a six…
DetailsSHANGHAI A court in southern China has formally declared bankrupt Guangxi Nonferrous Metals Group Co Ltd, an unlisted state-run metals producer that defaulted on a bond in February and missed a payment in April. The firm, which is owned by the Guangxi provincial government, had failed to propose a court-ordered reorganisation plan within a six…
DetailsJohn Tiedemann illustrates Simon Benson’s opinion piece about Australia’s rising debt problem. A bad credit rating can have a big impact on your plans to get a mortgage. LIKE many young Australians, Amy loved the idea of getting married, settling down and buying a house with her fiance. But when they applied for a home…
DetailsToxic spill fears for Truegain TRUCKS, TANKS AND TUBES: View of the Truegain and Australian Waste Oil Refineries business at Rutherford, which closed suddenly last week. Picture: Perry Duffin. exit CONTROVERSIAL Rutherford recycler Truegain has shut its doors, leaving angry workers owed money and an environmental legacy of toxic materials including the firefighting foams at the heart of the Williamtown…
DetailsContinued James White, Founder of Burrangong Station (13) Thomas Whites, widow, Sarah, and her new husband, James Cowell, were having problems in Tasmania when in 1837 Cowell was declared bankrupt. Because of this Cowell could not renew his wine and spirit license. To make the situation worse for Sarah her husband was killed in 1838…
DetailsCENTENNIAL, Colo. — Western Convenience Stores, which has emerged from Chapter 11 bankruptcy, remained in full operation during the bankruptcy period and financial restructuring, the company said. We are delighted to have successfully completed our restructuring and emerge from the operational strains of bankruptcy, said Hossein Taraghi, president of Western Convenience Stores. We can now…
DetailsHillary Clinton, campaigning Monday at Temple University, told college students – many of whom are drowning in debt – that she’s the candidate to address their needs. “No one will work harder to make your life better,” Clinton said, promising to give young people a say in White House decision-making. Clinton told the crowd of…
Details