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Daily Archives: March 6, 2018

Beaufort investors to get ‘substantial’ amounts back – BBC News

BankruptcyBy Insolvency GuardianMarch 6, 2018

Image copyright PA As many as 14,000 investors in the collapsed stockbroking firm Beaufort Securities should get a “substantial” amount of their money back. The official administrators, PwC, said that the firm’s clients should see between 85% and 90% of their cash returned to them. However, it will be at least a month before any…

US economist’s crash warnings ignore ‘Aussie ingenuity’: John … – NEWS.com.au

GamblingBy Insolvency GuardianMarch 6, 2018

CONTROVERSIAL US economist Harry Dent has come under fire from embattled real estate mogul John McGrath for his doomsday predictions for the housing market. The McGrath Estate Agents founder slammed Dents forecasts in a column published in Switzer Daily for echoing Australian housing bubble predictions he made in 2014 and 2011, despite them being proved…

Wiley Reports Third Quarter 2018 Results – Business Wire (press release)

RestructuringBy Insolvency GuardianMarch 6, 2018

HOBOKEN, N.J.–(BUSINESS WIRE)–John Wiley & Sons, Inc. (NYSE: JW-A and JW-B), a global research and learning company, today announced results for the third quarter ending January 31, 2018. Third quarter revenue up 4% to $455.7 million, or down 1% at constant currency Third quarter GAAP EPS up 45% to $1.19 primarily due to impact of…

Freezing weather melts sales at John Lewis – The Guardian

RestructuringBy Insolvency GuardianMarch 6, 2018

The snow and freezing weather that swept across the UK last week caused a 14% slump in sales at John Lewis, compared with the same week last year. The retailers weekly sales data is the first indication of the toll taken by the bitterly cold spell on the high street. Fashion and clothing were particularly…

US economist’s crash warnings ignore ‘Aussie ingenuity’: John McGrath – PerthNow

GamblingBy Insolvency GuardianMarch 6, 2018

CONTROVERSIAL US economist Harry Dent has come under fire from embattled real estate mogul John McGrath for his doomsday predictions for the housing market. The McGrath Estate Agents founder slammed Dents forecasts in a column published in Switzer Daily for echoing Australian housing bubble predictions he made in 2014 and 2011, despite them being proved…

Vinacafe seeks restructuring plan – Viet Nam News

RestructuringBy Insolvency GuardianMarch 6, 2018

Viet Nam News HÀ NI After a long period of hesitation, the Vietnam National Coffee Corporation (Vinacafe) is being pushed towards equitisation once more by the Ministry of Agricultural and Rural Development (MARD). During a meeting on Monday at Vinacafes headquarter, Deputy Minister Hà Công Tun said he was not completely confident about…

Consumer Watch: Avoiding debt relief scams – KOKH FOX25

Debt HelpBy Insolvency GuardianMarch 6, 2018

Scammers often prey on people who are stressed out about debt (KOKH). OKLAHOMA CITY (KOKH)   Advice from an expert in fighting fraudsters: You can keep your trusting personality without falling prey to scammers. Feeling like you just can’t keep up with your monthly bills is stressful, and scammers like to take on the opportunity…

Arbitration court bars Reliance Communications from selling or transferring assets – Economic Times

BankruptcyBy Insolvency GuardianMarch 6, 2018

MUMBAI: An arbitration court has restrained Reliance Communications (RCom) from selling or transferring assets without its permission, and set June 9 as the date for the next hearing, dealing a blow to the Anil Ambani-owned telcos efforts to pare debt by March end under a plan driven by its lenders. We direct the Claimant (RCom)and…

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