We must hope for real answers about Carillion. We don’t usually get them – The Guardian

Business leader Underbidding for contracts to bring in cash if that is what has happened is a dangerous practice. We need to know Cranes at a Carillion construction site in central London. Photograph: Simon Dawson/Reuters The collapse of Carillion, the building and outsourcing company, throws up so many questions about the state of UK business…

Sandalwood company Quintis appoints administrators – ABC Online

Directors of the sandalwood company Quintis have called in administrators. Quintis owns and manages more than 12,000 hectares of Indian sandalwood plantations across northern Australia. The company had done a large planting regime in 2017 in Western Australia’s Kimberley’s Ord Irrigation Scheme and in the Douglas Daly Region of the Northern Territory. Shares in…

Quintis collapse: investors left with thousands of worthless shares after company calls in administrators – The West Australian

Besieged sandalwood company Quintis has collapsed, rendering worthless the shares of thousands of investors. Directors of the cash-strapped company said today they had called in administrators from KordaMentha following Fridays decision by a US fund manager to exercise an option demanding Quintis buy back $37 million of sandalwood plantations. The company does not have the…