Real estate mogul John McGrath has announced the former CFO of Kerry Stokes’s media group, Peter Lewis, as the new chairman of embattled property group McGrath Limited. Mr Lewis will join the recently emptied McGrath board along with lawyer Andrew Robinson, founder of commercial law firm Robinson Legal. Mr McGrath announced the appointments to the…
According to Italian daily Corriere della Sera, Milan owner Yonghong Li has declared himself bankrupt and his assets will now be auctioned off on Taobao – the Chinese version of Ebay. Questions had been previously asked of Yonghong’s financial stability, with the New York Times and Italian financial paper Il Sole 24 Ore having already carried out investigations pointing…
David Fensome appeared at Telford Magistrates Court to oppose the application for a council tax liability order by Shropshire Council. Mr Fensome claimed the council owed his former company, Telford-based Tailored Care Limited, £190,444.69 before it went into liquidation earlier this year. Tailored Care Limited was based at Coalport House in Stafford Park Ms Sue…
The petition is likely to come up for hearing at the National Company Law Tribunal on Feb 20. A petition has been filed before the NCLT, Chennai bench, by a Resolution Professional (petitioner) over his arbitrary removal by bankers for trying to conduct an audit of a corporate debtor (CD) to whom Rs 400 crores…
19 February at 10:05 In an astonishing report this morning, Italian daily Corriere della Sera claims that Milan owner Yonghong Li is bankrupt and that his assets will be auctioned off on Taobao. Taobao is the Chinese equivalent of Ebay and this is not the first time that investigations have found the patron to be…
It now seems that his debt woes could be working in favour as he continues to live rent-free in a sprawling $13.5 million oceanfront compound at Sapphire Beach, north of Coffs Harbour, with his partner and two young children. Nathan Tinkler smashed the mid north coast record in 2008 when he purchased Noorinya for $11.5…
Naomi Rovnick in London February 19, 2018 Reckitt Benckiser, the British household goods company, has reported flat sales growth for 2017 but vowed that its sluggish performance would not continue. Like for like revenues at the Cillit Bang and Clearisil maker were unchanged on 2016, the company said. But it also reported 2 per cent…
Simon Mundy and Victor Mallet in Mumbai February 19, 2018 Natarajan Chandrasekaran is blunt about what his main priority was when he took over as the head of Tata 12 months ago: I needed to stop the bleeding in major areas. He inherited the reins at Indias biggest business group following one of its darkest…
Shares in real estate listings business Domain have rallied despite the company reporting a half-year loss. In its first result since spinning off from Fairfax Media, Domain posted a statutory net loss of $3.4 million in the first half of the financial year, as restructuring costs weighed on the result. On a pro-forma basis,…
Late last year, amid a barrage of public debate and media attention, U.S. president Donald Trump signed into law what has been widely recognized as the most sweeping U.S. tax legislation in more than 30 years. The move sparked a phenomenon in which practically everyone was thinking, and talking, about taxes. A pervasive event such…