Matthew Vincent January 15, 2018 Contrary to popular and populist opinion, outsourcing is a messy business with little margin for profit. Or for error. Serco boss Rupert Soames has a lavatory brush on his desk to remind himself not to bid for work below the average cleaners 5-6 per cent margin. He calls it his…
One case that Agrokor could be compared to would be the infamous Parmalat case that shook Italy – and the similarities are uncanny. As Poslovni Dnevnik writes on the 15th of January, 2018, unlike what took place in the handling of the infamous Parmalat case, there are no individual restructuring plans for particular companies in…
Bankrupt business tycoon Scot Young, 52, made a phone call to his ex-wife In the call revealed in a BBC Two documentary he offered Michelle Young £30m The couple had been involved in one of the most costly divorces in Britain Mr Young pleaded with her to drop her investigation into his finances – five…
Tortured. Anguished. Frustrated. This describes the dark, twisted title character at the heart of Phantom of the Opera, the longest-running musical in Broadway history and a production seen by over 130 million people worldwide. But it also describes playwright/composer Andrew Lloyd Webber during the turbulent process of revising and remounting that shows sequel Love Never…
* To meet GKN shareholders, posts presentation for investors * Melrose offer undervalues our company- GKN spokesman * GKN shares jump (Adds GKN statement, analyst comments, details, share movement) By Noor Zainab Hussain Jan 15 (Reuters) – Turnaround specialist Melrose appealed directly to GKNs investors to back its 7 billion pound ($9.6 billion) takeover offer…
AILING construction firm Carillion said it had “no choice” but to enter into liquidation this morning, putting thousands of jobs at risk. The building and maintenance giant is Britain’s second largest and employs 20,000 in the UK alone – many at its Wolverhampton HQ. Reuters Carillion this morning entered into liquidation, its chairman confirmed. The…
U.K. suppliers to Carillion Plc are desperately trying to figure out the impact of its failure on a vast network of businesses that had contracts with the indebted construction services company, according to the head of an industry lobby. “Carillion outsourced everything, said Rudi Klein, chief executive officer of the Specialist Engineering Contractors Group, whose members include…
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…
Related Articles LONDON: Britains Carillion collapsed on Monday after its banks lost faith in the construction and services company, throwing hundreds of major projects into doubt and forcing the government to step in to guarantee vital public services.Carillion was forced into compulsory liquidation after costly contract delays and a slump in new business left it…
MNP Consumer Debt Index – January 2018 Canadians are increasingly pessimistic about their ability to absorb higher interest rates and cover their monthly bills. MNP LTD One in three Canadians say they are unable to cover their monthly bills, up eight points since September. Half are more concerned about their ability to repay debts, up…