Australian Securities and Investments Commission chairman Greg Medcraft. Picture: Janie Barrett The Australian Securities and Investments Commission has placed Dungog business Wards Independent Living into liquidation. Wards Independent Living also trades under the monikers of Barringtons Wilderness Resort, Ability Information Technology, Little Grey Goat, Stay in Dungog, Wild HQ and Made in Dungog. Company stakeholders were told…
DetailsIf you have to travel a really long distance, will you take a flight or go on a bicycle? A recent issue of tax-free bonds offering 7.5% received a huge response from investors even though there was a 15-year lock in period. Curiously, the same investors are hesitant to commit funds to equities with a…
DetailsIts a practice thats been going on since Eve kept a few apples hidden out of Adams reach. The good old secret stash, you know, just a little bit of walking around money you keep hidden from your partner to indulge on a few harmless things. After all, wheres the harm in that? You work…
DetailsThe family home of Dominic Chappell, the former owner of BHS, was on the brink of being repossessed before cash from the department store chain was used to pay off the mortgage. The Guardian has learned that financial company Amicus initiated legal proceedings against the Chappell family to repossess the property unless their debts were…
DetailsChina needs to attack its corporate debt problem quickly and there are lessons to be learned from other nations. Getty Images by David Lipton The Chinese economy has slowed in recent years, but it is still a strong performer, contributing about one-third of total economic growth worldwide. It is also becoming more sustainable, in line…
DetailsWhen Woolworths reports its full-year results on Thursday, expect to see a loss of about $1 billion, analysts say, after restructuring costs and its exit from the disastrous Masters hardware business. Credit Suisse analysts say that with a restructuring charge of $960 million and its exit from the Masters Home Improvement business being treated as a “discontinued operation”,…
DetailsComments (0) A gambling addict has been jailed after he stole exactly £500 worth of booze and meat from an Asda to pay off the men he owed. Nottingham Magistrates’ Court heard how Sean Brooks walked into the store and filled up his trolley with alcohol and meat before walking out and handing the goods over…
DetailsThe High Court has approved a restructuring for the company operating Debenhams 11 Irish stores to continue trading, saving up to 1,330 jobs. The plan will enable Debenhams Retail (Ireland) Limited, a subsidiary of the UK Debenhams, to exit examinership. Under the terms of the plan, the retailers 11 stores are to remain open and…
DetailsThe World Game understands Brisbane are on the brink of financial collapse unless owners the Bakrie Group can provide an instant and significant cash injection to the club. Cobb was sacked on Wednesday by the Bakrie Group. The extent of the problems he has left behind are only just coming to light. With six weeks…
DetailsAug. 20, 2016 07:17 Mykola Lagun (R) owned the defunct Delta Bank, which cost Ukrainian taxpayers $622 million in insurance payments to clients who lost their deposits. The Deposit Guarantee Fund said a combination of criminal fraud and bad management accounted for the bank’s epic collapse. But no one has been charged with a crime.…
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