LONDON (Reuters) – British Steel, the countrys second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britains Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation…
British Steel has entered insolvency, putting 5,000 jobs directly at risk and endangering thousands more in the supply chain after talks with the UK government failed to reach an agreement on emergency funding. The high court on Wednesday granted an application by the directors of British Steel to enter an insolvency process. Control of the…
The Port Lincoln City Council has taken over the final stage of the $9.41 million leisure centre expansion to ensure it gets finished after the Adelaide company leading the project went into liquidation in April. The council and local subcontractors discovered in early April that the Adelaide contractor Unique Urban Built (UUB) that led the…
Swim Loops, the company that represents the largest number of Jump! Swim Schools, has gone into voluntary administration. Jump! Swim Schools has been facing challenges following a series of court cases and disputes with franchisees. Jump! had grown dramatically and has more than 100 franchise swim schools in the network, including 60 in Australia and…
ENGLEWOOD, Colo., May 21, 2019 (GLOBE NEWSWIRE) — Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA) today announced that its wholly owned subsidiary Monitronics International, Inc. (Monitronics or the Company) has entered into a Restructuring Support Agreement (the Support Agreement) with its largest creditors that will eliminate approximately $885 million in debt. Under the terms of…
Leigh Clewlow from Hanley, Stoke-on-Trent, was handed a suspended prison sentence after being found guilty of theft, a result of his serious gambling addiction. The 35-year-old man stole money and jewellery from his family to cover a 20,000 gambling debt after losing his job and marriage. Gambling addiction, which affects around 400,000 people in…
ENGLEWOOD, Colo., May 21, 2019 (GLOBE NEWSWIRE) — Ascent Capital Group, Inc. (Ascent) (NASDAQ: ASCMA) today announced that its wholly owned subsidiary Monitronics International, Inc. (Monitronics or the Company) has entered into a Restructuring Support Agreement (the Support Agreement) with its largest creditors that will eliminate approximately $885 million in debt. Under the terms of…
Date: 21st May, 2019To The General ManagerDepartment of Corporate Services,BSE Limited,P.]. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 9th CoC Meeting of M/ 5. Southern Online Bio Technologies Limited scheduled on 21 May, 2019.With reference to the subject cited above, I would like to inform you that the following matters are theoutcome of the 9th…
Renowned Australian vocal ensemble The Song Company has been placed in Voluntary Administration. The news was first posted on the Companys website on May 13 with a statement in which the Board of Directors said they had considered the financial affairs of the Company and it is in [sic] their opinion that the company faces…
Shares in Hanjin Heavy Industries & Construction Co., a midsized South Korean shipbuilder, resumed trading on the Seoul bourse Tuesday following its financial restructuring efforts. Hanjin Heavys stock trading had been suspended since February due to capital erosion. The shipyard saw its losses snowballing to 1.32 trillion won (US$1.15 billion) last year, from a loss…