Forbes Burton, the Grimsby-based insolvency and company rescue specialist, has partnered with online bank Tide to offer a range of services to clients. Customers of Forbes Burton will now be able to take advantage of extra financial support with a new system that helps streamline business accounting. By partnering with Tide, Forbes Burton can now set up…
ALMOST a quarter (24 per cent) of companies in the South East have suffered a hit to their finances following the insolvency of a customer, supplier or other debtor during the past six months, according to new research from R3, the insolvency and restructuring trade body. The research found the financial impact of such exposures…
Michael O’Leary in 60 seconds Ryanair has a labor problem, and it’s about to get worse. The low-cost carrier said Monday that higher fuel costs, rising wages and strikes by pilots and regional air traffic controllers had caused its first quarter profit to drop 20% over the previous year. Ryanair (RYAAY) has been giving pilots…
85 SumoSalad stores have been placed into administration, but administrators say its business as usual for the healthy eating food chain. Last week the stores were placed into administration, with the group appointing Peter Gothard and Morgan Kelly from financial advisory and restructuring firm Ferrier Hodgson as administrators. Last year, Founder Luke Baylis placed some stores…
Australias most populous state has seen a hefty 7 per cent increase in the rate of personal insolvencies, as household debt levels continue to balloon – having implications on spending for the broader business community. Personal insolvencies in Australia rose by 5.6 per cent in the 201718 financial year, with statistics released by the Australian…
Deputy Education Minister Teo Nie Ching said that the previous administration had been inconsistent in implementing policies with regards to borrowers who defaulted on their loan repayment in the past. Picture by Yusof Mat Isa KUALA LUMPUR, July 23 In future, the government will first declare Malaysians who default on their loans from the National…
Mon, Jul 23, 2018 – 5:50 AM Frankfurt CHRISTIAN Sewing was barely two weeks into his role as chief executive officer of Deutsche Bank AG when he unveiled the outlines of a yet another turnaround plan for the German lender in April. Now shareholders say it’s time to flesh out the details. Four of the…