Image copyright Getty Images Creditors of Italian restaurant business Prezzo have backed a restructuring plan that will see it close 94 outlets – about a third of the chain. It is estimated the move could lead to 500 job losses. The chain, which is owned by private equity firm TPG Capital, employs about 4,500 people.…
Here are seven small-cap stocks that fund managers rated in the latest reporting season: 1. NEXTDC The data-centre operator thumped market expectations with its interim result and upgraded its full-year guidance for revenue and underlying earnings in 2017-18. Strong demand for data centres and higher-than-expected utilisation rates drove the result. NEXTDC shares leapt 15 per…
The case subsequently went to the NCLT with the tribunal issuing an order initiating a corporate insolvency resolution process (CIRP) and appointed an insolvency resolution professional (IRP). In a further setback for Yogendra Vasupal, the founder of the shut online home-stay start-up Stayzilla, a Supreme Court division bench has dismissed an appeal by him challenging…