The bitter four-year battle between hybrid holders and ordinary shareholders at paper distributor Spicers is finally headed to a sensible resolution that should pave the way for a re-rating of this beaten-down stock. After multiple failed attempts to resolve a problem that left the company’s strategy completely paralysed, Spicers shareholders and hybrid holders will next…
EU Economic and Financial Affairs Commissioner Pierre Moscovici said on Thursday that Greeces European creditors shouldnt play with fire in regards to the countrys debt relief program, according to Reuters. The statement came after Athens pleaded its case to its lenders on Wednesday to offer incentives to help activate a deal regarding the size of relief…
An Australian fashion designer is living the high life in Bali while former customers and creditors are left to ask where their money has gone. Jessica White’s Instagram page features pictures of the fashion designer enjoying sunset drinks at a Bali beach club and kicking back on picturesque beaches. But back home, Ms White’s company,…
A candidate contesting the Kerowagi seat in Simbu has been declared insolvent by the National Court in Port Moresby. The Court found Bari Palma guilty of failing to pay the taxed costs of nearly K300,000 following an election petition against sitting MP Camilus Dangima. Palma was declared bankrupt after being financially incapable of meeting…