Eastern Goldfields signals voluntary administration – Australian Mining

The Davyhurst plant Latest News Eastern Goldfields has announced that it maygo into voluntary administration followingthe collapse ofa $75 million recapitalisation. The goldminer has proposed to adjourn its November 30 annual general meeting (AGM) until the end of January next year to allow its shareholders to consider the companys financial statements. The AGM was initially…

Piaggio Aerospace declares Insolvency – Australian Flying

Italian manufacturer Piaggio Aerospace declared insolvency on 22 November, asking for extraordinary administration that would allow them to restructure. Piaggio manufactures and markets the P-180 Avanti Evo twin turbo-prop, which is aimed at the corporate and business aviation sectors. It is believed they are not selling well. In December last year, Piaggio released a five-year…

Sports Gambling Is Evolving More Rapidly Than We Expected – Forbes

Professional and collegiate sports have historically feared one practice most heavily over anything else: gambling. The threat has been that if an athlete, official or coach became ensconced in major gambling debt, they might accept a bribe from a gambler to alter their performance. Fan confidence in Professional and collegiate sports have historically feared onedanger…

Unrated Danish insurer goes into liquidation – Insurance Age

Portfolios put into run-off with Darag. New Nordic Advisors has put its wholly-owned Danish subsidiary Qudos Insurance into liquidation with immediateeffect. The unrated Copenhagen-headquartered insurer was closed to new business on 18 October. The investment management company said it had made the latest move after a review of the insurance companys position. It explained that…