Independent supermarket and hardware store supplier Metcash said strong competition in the groceries sector would keep sales under pressure as it reported a 26 per cent slide in full-year net profit. The company, which supplies groceries to IGA supermarkets, reported net profit of $171.9 million for the year ending April 30, down from $216.5 million in…
Double Olympic table tennis champion Kong Linghui (right in the picture) was suspended as head of the Chinese women’s team on Tuesday, the country’s sports association said on its website, after it emerged that he faced a lawsuit over a gambling debt. Kong, who won gold at the 1996 and 2000 Summer Games, was reported…
Amrita Jayakumar, NerdWallet 4:00 p.m. ET June 24, 2017 Paying off debt requires a comprehensive plan. If income and expenses wont fix the problem through consolidation, consider bankruptcy.(Photo: Getty Images/iStockphoto) When your personal finances teeter on the brink, your first instinct might be to do something drastic. Freeze your credit cards in a block of…
(Corrects 10th paragraph to show that Sears Canada will continue to sell home appliances. Previous said the company plans to shift away from that area) By Solarina Ho TORONTO (Reuters) – Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations…
Those who don the IP hat are usually chartered accountants or business managers Veena Mani June 25, 2017 Last Updated at 23:53 IST Insolvency professionals (IPs) are the new kid in town in great demand particularly after the RBI asked bank… Read the full article at: http://www.business-standard.com/article/opinion/know-the-new-world-of-insolvency-professionals-117062500786_1.html
Royal Bank of Scotland is to cut 443 jobs in Britain as the bank moves its team that arranges loans for small businesses to India. The taxpayer-controlled bank said that the roles would transfer to Mumbai, to be included in the groups growing team there, as part of a restructuring designed to cut costs, first…
Credit card debt has become a big problem for a lot of consumers especially for single parents that is why National Debt Relief shares some tips to manage it with a recently published article. The material released May 15, 2017 and titled “8 Tips For Single Parents Struggling With Credit Card Debt” aims to give…
Tennis icon Boris Becker has rubbished reports he’s to split from his wife of eight years, Lilly Becker. The former Wimbledon champion, 49, has responded to rumours about his marriage with a tweet, in which he publicly describes the brunette beauty as his “love”. Posting an image of his model partner, the German sportsman captioned…
By Jabeen Waheed For Mailonline Published: 18:28 +10:00, 25 June 2017 | Updated: 20:08 +10:00, 25 June 2017 e-mail 51 View comments Boris Becker is reportedly splitting from his wife Lilly – a move which could potentially add to his financial woes. The three time Wimbledon tennis champion – who has been declared bankrupt over…
Sears Canada said on Thursday it obtained court protection against creditors to proceed with a restructuring that will include store closures and layoffs as it seeks to recover from years of declining sales. The Canadian company, which was spun off from U.S. department-store pioneer Sears Holdings in 2012, said it planned to close 59 of…