The government has been heavily criticised for allowing British Steel to fail. The desire to proceed cautiously is understandable, the business is in such a perilous financial state that it would probably have ceased trading altogether when talks broke down were it not for the support of the Official Receiver. Advancing 30 million of taxpayer…
By Caitlin Gibson, At first, Athena Cross was sure shed somehow misheard. As she sat in the sunshine at her sons college graduation ceremony at Morehouse College in Atlanta, where billionaire tech investor Robert F. Smith was addressing the 2019 graduating class, Smith suddenly made a stunning announcement: His family would create…
— Company will explore strategic alternatives for its immuno-oncology programs — Company will align its resources to focus on HEPLISAV-B commercialization — Eddie Gray, CEO, to retire BERKELEY, Calif., May 23, 2019 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (NASDAQ: DVAX), today announced a strategic restructuring to prioritize its vaccine business by focusing on the companys…
Liz Wells, May 23, 2019 THE financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator, and the company this week advising Dalgrains records indicate it traded profitably for a number of years from its office in Dalby. It would appear that…
British Steel, the U.K.s second-largest steelmaker, has gone into liquidation, blaming uncertainty over Brexit for its demise. The British government is now in control of the company after declining to provide it with a 30 million pound bailout and the search for a buyer has already begun. British Steels private-equity owner, Greybull Capital, said its…
(Reuters) – The collapse of British Steel has once again put private equity owner Greybull Capital in the spotlight for the wrong reasons. Run out of London by Frenchman Marc Meyohas using family money, Greybull is well known for buying up companies in distress on the cheap with the aim of turning them around. But…
news, local-news, winemaking tasmania, wine, administraion, producer, cider, tasmania Winemaking Tasmania has been placed into voluntary administration. The Tasmanian wine and cider producer has entered the administration with the appointment of Andrew Yeo and David Vasudevan of Pitcher Partners. Mr Yeo and Mr Vasudevan will oversee continued trading of the company while an independent assessment…
Business Secretary Greg Clark Thousands of jobs on line as British Steel goes into liquidation BelfastTelegraph.co.uk British Steel has gone into liquidation, threatening thousands of job losses amid revelations that it would have run out of cash by the end of the week. https://www.belfasttelegraph.co.uk/business/northern-ireland/thousands-of-jobs-on-line-as-british-steel-goes-into-liquidation-38138933.html https://www.belfasttelegraph.co.uk/incoming/article38139952.ece/ee772/AUTOCROP/h342/P35ClarksteelPOLITICSC7.jpg Email British Steel has gone into liquidation, threatening thousands of…
In a crucial move, the government is preparing individual insolvency regulations under the Insolvency and Bankruptcy Code (IBC) that will provide for debt waiver up to `35,000 to the poorest of the poor, who have borrowed money from not just banks but also informal sources like village money lenders.Once the regulations are in place, the…
By now, youre probably well aware that student loan debt has become a national crisis. Over 44 million borrowers owe more than $1.5 billion collectively at last count, and the student loan delinquency rate (loans 90+ days rate) remains relatively high at 11.4%. Worse, more than 609,000 souls owe more than $200,000 on their student…