Amcor has more than doubled full-year profit to $US597 million ($A752 million), as acquisitions dominated a year of strategic restructuring. While the packaging giant delivered profits well beyond last year’s $US244.1 million, Amcor’s revenue from ordinary activities for the year to June 30 fell 3.4 per cent to $US9.1 billion ($A11.5 billion). Amcor CEO Ron…
Ten Network says it did not tell shareholders that James Packer was pulling the plug on his financial support for the troubled broadcaster because his backing was not a factor in its share price. Ten administrator Kordamentha said on Tuesday that the broadcaster first learned on May 2 that Mr Packer’s Consolidated Press Holdings would…
NEW DELHI: After Jaypee Infratech, the process of corporate insolvency resolution under the insolvency and bankruptcy code is likely to be initiated against three Amrapali group companies -Noida’s Silicon City and Greater Noida-based Ultra Home Construction and Amrapali Infrastructure -on the plea of Bank of Baroda. A bank official said the National Company Law Tribunal‘s…
On Aug 18, we issued an updated research report on Terex CorporationTEX , a global equipment manufacturer. The company is set to benefit from progress on capital allocation strategy. Also its focus on portfolio restructuring and cost-saving initiatives is likely to boost results in the near term. Notably, Terex fulfilled its commitment to focus on…
EIGHTY-four Gold Coast construction companies are on the brink of collapse, according to new data from insolvency group SVP Partners. The group’s August 2017 Commercial Risk Outlook report found 3.7 per cent of businesses in the industry were at high risk of insolvency. The report comes in the wake of two major collapses in the…
THE question ‘will this business stay afloat’ is probably the furthest thing from shoppers’ minds when they place products on lay-by. But maybe that should be the first. As Bubs Baby Shops goes into voluntary administration Coast shoppers have again been left wondering whether they’ll get the products they’ve put down payments on, or if…
A STRING of companies linked to The Convent in Woodchester have been placed in temporarily liquidation by the government to protect more than £7.8 million raised by investors. The investigation, led by the Insolvency Service, has seen the seizure of 13 companies run by Matt and Charlotte Roberts, all operated from hotel and music venue…
A Queensland boarding school failed to properly care for a student after she was allegedly gang-raped by older boys while boarding there in 2006, a royal commission has been urged to find. Counsel assisting the Royal Commission into Institutional Responses to Child Sexual Abuse, David Lloyd, made submissions harshly criticising Townsville’s Uniting Church-run Shalom Christian…
It has been about a month since the last earnings report for PPG Industries, Inc. PPG . Shares have lost about 3.8% in that time frame, underperforming the market. Will the recent negative trend continue leading up to the stock’s next earnings release, or is it due for a breakout? Before we dive into how…
Distressed debt players are used to getting their hands dirty, but the team from SC Lowy might be about to take that a bit further as they run their eye over one of Australia’s biggest hydroponic farms. Maria’s Farm Veggies is a $65 million venture that was to grow tomatoes and capsicums inside a 16-hectare glasshouse at Williamtown…