LONDON, March 25, 2026, 13:22 GMT Diageo shares rose as much as 2.4% in early London trading on Wednesday after its Indian unit agreed to sell the cricket franchise Royal Challengers Bengaluru for 166.6 billion rupees ($1.8 billion), a deal that could free up cash for debt reduction. 1 The timing matters. Last month Chief…
Cash-strapped council to get £200m in debt relief BBC Read the original article here
Anxieties over America’s ballooning debt have reached fever pitch, but economists question whether Washington can muster the political will needed to avert a reckoning, and worry that the proposed remedies could carry their own set of fiscal ailments. America’s national debt—now $39 trillion—has long alarmed fiscally hawkish lawmakers. Congressional Republicans on the Joint Economic Committee…
New Delhi, Mar 25 (PTI) The introduction of the Insolvency and Bankruptcy Code (IBC) has led to the recovery of over Rs 4 lakh crore in the last decade through the resolution of bankrupt companies, senior BJP MP Anurag Thakur said in the Lok Sabha on Wednesday. Participating in the debate on the Insolvency and…
Luxembourg music school declared bankrupt as director reported missing by police Luxembourg Times Read the original article here
A UK furniture manufacturer has entered liquidation. A notice regarding the development was published this morning in the London Gazette, the UK’s official public record. The notice reveals that Sofa Point UK Ltd, located in Birmingham, fell into liquidation on March 19, 2026. The nature of business on the notice is described as the “manufacturing…
Insolvency practitioners have come in to assess the businesses financial situation Car dealership collapses into liquidation after nine years in business(Image: Bloomberg via Getty Images) The Essex Car Group, a used car dealer based in Dunmow, Essex, has collapsed into liquidation. According to The Gazette and Companies House, insolvency practitioners have been put in place…
In Brief The Supreme Court’s decision in Mitchell v Al Jaber provides important clarification on when former directors can still owe fiduciary duties to a company. The answer has significant implications for liquidators pursuing claims against former directors, and for individuals who continue to act on behalf of companies without formal authority. The…
The move follows years of instability stemming from a controversial commercial investment strategy pursued by the previous Conservative administration, which left the council with debts of more than £1.3 billion before it effectively declared itself bankrupt in December 2022. The Section 114 notice issued at that time confirmed the council could not balance its budget,…
The Bell Bay manganese smelter, a cornerstone of industrial activity in Tasmania’s north, has been placed into voluntary administration. Ernst & Young has been appointed as the administrator for Liberty Bell Bay (LBB), the company operating the facility. This move signals a critical juncture for the smelter and its approximately 216-strong workforce. The administrators have…