Proposed Dissolution & Liquidation Approved – PR Newswire (press release)
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DetailsBusinessman Kevin McConnon, joint owner with his wife, Yvonne, of McConnon Meats has been granted a 40-day extension to a High Court order protecting him from any action by creditors pending negotiation of a Personal Insolvency Arrangement. Barrister Keith Farry, counsel for Mr McConnon, joint owner with his wife, Yvonne, of McConnon Meats, told Mr…
DetailsMedium-sized businesses were the most likely to be exposed to other firms’ insolvencies in 2015, according to new research from insolvency professionals trade body R3. The research, which was based on R3’s Business Distress Index which surveyed 500 UK businesses, found that 14 per cent of medium-sized firms (which employ 51 to 250 staff) were…
Details2016-01-05T15:36+02:00 15:36 05.01.2016 The Individuals’ Deposit Guarantee Fund in 2015 sold the assets of insolvent banks for UAH 1.2 billion, according to the website of the fund. According to the report, in the last week of last year insolvent banks’ assets that were sold amounted to UAH 120 million. As reported, the Individuals’ Deposit Guarantee…
DetailsThe Chinese government is buying up shares to prop up its stock market, in a repeat of last years meltdown. The so-called National Team is injecting cash into the market after Mondays 7% crash, according to a report by Bloomberg News. The government is also preparing to extend a ban on short selling where investors…
DetailsRelated Story: Reports production has stopped at manganese mine, workers laid off Related Story: Bootu Creek manganese mine in Northern Territory suspends operations A falling commodity price has pushed Northern Territory miner OM Manganese into voluntary administration. As reported by ABC Rural last month, the company had already laid…
Details(ANSA) – Rome, January 4 – Industry Minister Federica Guidi on Monday signed a decree putting up for sale companies and plants in the troubled ILVA steel group. The tender for expressions of interest will be published Tuesday, sources said. Earlier this month the cabinet extended an environmental cleanup deadline for ILVA in order to…
DetailsPhoto: Mayra Beltran, Staff KBR does construction, engineering, and is a military contractor on Tuesday, June 30, 2015, in Houston. ( Mayra Beltran / Houston Chronicle ) KBR has sold its Infrastructure Americas business to Stantec Consulting as part of the restructuring plan initiated just more than a year ago, the engineering and construction firm…
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