Recent interest hikes have Albertans increasingly worried they won’t be able to cover their monthly expenses, according to a survey by the national personal insolvency firm MNP Ltd. The consumer debt index conducted by Ipsos for MNP found that 31 per cent of Albertans are unable to afford their monthly bills and debt obligations an…
David Birne, insolvency partner at chartered accountants H W Fisher & Company said in a statement that it is extremely unusual for a company of Carillion’s size to opt for liquidation rather than administration. “It suggests there is little, if anything, of value within the company to be saved. Almost every big insolvency in…
Note: the most up to date information for employees and former employess of the Carillion group and its creditors and suppliers is available here. On 15 January 2018, winding up orders were made against Carillion Plc and associated companies. The court appointed the Official Receiver as the liquidator. The companies involved in the liquidation are:…
None 17:26 15.01.2018 The forensic audit of Bank Khreschatyk, which was declared insolvent in April 2016, testifies to the complicity of the bank managers and owners to losses amounting to more than UAH 2.5 billion, according to the Individuals’ Deposit Guarantee Fund’s website. According to the report, the forensic audit of the bank was conducted…
On Jan 15, we updated the research report on diversified industrial goods manufacturer 3M Company (MMM – Free Report) . The companys brands like Nexcare, Post-it, Scotch, Scotch-Brite, ScotchBlue and Filtrete are well recognized names in each household while being market leaders in their respective product categories. With continuous product innovations and investments in R&D,…
The UKs Pension Protection Fund (PPF) is preparing to take on pension schemes linked to UK construction company Carillion, which entered liquidation this morning. The companys management were in talks with lenders and stakeholders over the weekend in a bid to save the company, but these failed. Carillion had a combined debt of more than…
Video PlayerClose RIGA, Jan. 15 (Xinhua) — The Latvian government’s talks with the potential investors of ailing steel firm KVV Liepajas Metalurgs has failed because it has now been decided to split the company’s assets and auction them off. KVV Liepajas Metalurgs is a firm based in the southwestern Latvian port city of Liepaja. Guntars…
Image copyright Google Image caption Carillion has a base in Belfast’s Titanic Quarter Northern Ireland staff working for the construction firm, Carillion, are meeting union representatives after it was announced it is to be liquidated. Carillion is the second biggest construction company in the UK and its liquidation is threatening thousands of jobs. It is…
James Packer’s decision to end his alliance with fellow billionaire Lawrence Ho and retreat to Australia has already cost him and his fellow investors $2.5 billion and a big stake in one of the world’s most-ambitious casino operators. Melco Resorts & Entertainment, the Ho family’s casino business, has surged since Mr Packer started to sell…
On Jan 15, we updated the research report on diversified industrial goods manufacturer 3M CompanyMMM . The company’s brands like Nexcare, Post-it, Scotch, Scotch-Brite, ScotchBlue and Filtrete are well recognized names in each household while being market leaders in their respective product categories. With continuous product innovations and investments in R&D, 3M aims to maintain…