Image copyright Rolls-Royce Rolls-Royce swung back into profit in 2017 amid an ongoing restructuring drive at the engine maker. It comes after the firm posted the biggest loss in its history in 2016 due to settling corruption cases and currency hedges going wrong. In the year to 31 December 2017 profit before tax jumped to…
(Picture: Getty) Coronation Street actor Michael Le Vell has reportedly been declared bankrupt after struggling with legal costs of £200,000 accumulated when he fought child sex abuse allegations at trial in 2013. The star, who plays mechanic Kevin Webster, was found not guilty by a jury on all 12 counts but was left with the…
CHARLOTTESVILLE, Va. (WVIR) - A Charlottesville-based nonprofit is helping ex-convicts overcome the thousands of dollars some accumulate while theyre doing time. The Fountain Fund is managed by a team that includes former prosecutors who put people behind bars but also see a system in need of reform. Former U.S. Attorney Tim Heaphy started The Fountain…
The Aditya Birla groups UltraTech Cement moved the National Company Law Tribunal (NCLT) in Kolkata on Tuesday against the resolution professional for Binani Cement after its bid for the cement company undergoing insolvency proceedings was rejected. The Kumar Mangalam Birla company had earlier served a notice to the resolution professional asking for details on…
Deposit guarantee company Deposit Power is now under external administrators following the placement of Auckland-based CBL Insurance into interim liquidation. External administrators from Chifley Advisory were appointed to the company last week. Deposit Power acted as an authorised manager and agent of CBL Insurance which provided all the deposit guarantee bond products sold by Deposit Power…