She said she had been a victim of fraud by collapsed Icelandic bank Kaupthing Administrators to the bank prevented her from using her name for a new brand Ms Millen also lost money in the financial crisis after other Icelandic banks failed By Sabah Meddings, City Correspondent For The Daily Mail Published: 11:58 +11:00, 31…
The companies comprising the Allphones Group were hit hard by the Samsung Galaxy Note 7 debacle, iPhone 7 delays, and multiple contract terminations in the lead up to the withdrawal of funding that saw the businesses enter administration in February. Mobile phone retailer, Allphones, went into voluntary administration in February, with at least 18 of…
Northern Territory-based Mining services provider and freight forwarder, ICRG North, has gone into voluntary administration. ICRG North is the NT division of Perth-based ICRG West, which currently provides civil construction, freight forwarding and mining services for a number of Government projects in the region. According to local newspaper, NT News, ICRG North owes $2.5m to…
Alexi Mostrous, Head of Investigations | Deirdre Hipwell, Retail Editor Karen Millen, the fashion designer who for 20 years helped to define what women wore to work, has been declared bankrupt over unpaid tax. Ms Millen, who was appointed OBE in 2008, failed to pay a demand from Revenue & Customs of about £6 million arising from her involvement in…
Life is sweet in the new population centre of Victoria exit Ten years ago the population centre of Victoria was a single-storey house in Sutherland Street, Hadfield. Today it’s a grey factory on Bakers Road in Coburg North, some 2?? kilometres south, which looks a bit like the meth lab in Breaking Bad. Population centre…
The City of Cape Town has informed the National Government and the Western Cape Government of our intention to declare Cape Town in its entirety as a restructuring zone so that we can provide affordable housing opportunities wherever suitable land is available. The City of Cape Town, as part of our Organisational Development and Transformation…
BlackRock Inc.BLK announced plans to restructure its traditional actively managed equities business and improve product offerings as per changing client needs. In this context, the company intends to launch the BlackRock Advantage “series of core alpha products,” cut fees, slash jobs and change asset mix. Further, with the appointment of Mark Wisemen last year, as…
Reuters * ICBC 2016 net profit up 0.4 pct * Bankers pledge more debt-to-equity swaps * Expect margin squeeze to ease later this year (Recasts, adds background, comments, details) SHANGHAI/BEIJING, March 30 (Reuters) – The world’s largest lender, Industrial and Commercial Bank of China (ICBC) <601398.SS> <1398.HK>, reported its slowest rate of annual…
NEW DELHI: Rating agencies Fitch and Moodys Investors Service have said that sale of tower assets can help telecom companies shed debt but there may be no near-term improvement in profitability due to heightened competition after Reliance Jio Infocomms entry. The agencies on Thursday said Bharti Airtels stake sale in its tower subsidiary and similar…
A Tory councillor who was landed with an £80,000 legal bill after slapping an elderly political rival could now lose her home after being declared bankrupt. Cllr Penny Jackman, 52, was ordered to pay compensation to rival Mike Beggs, who was standing for UKIP, after she slapped him at an election count in 2012 during…