Richlist Nakhle family court battle: Judge liquidates insolvent horseracing companies

Daniel accepted pumping money into the two entities through companies he controls and proposed continuing to source funding to cover the companies’ operating expenses. Daniel disputed the family’s misappropriation allegations and argued Henriette had engineered the deadlock, meaning she did not have “clean hands” in seeking liquidation. However, Justice Grant Powell rejected Daniel’s “clean hands”…

MPT Stock Slides As Traders Weigh Debt, Yield And Support

Medical Properties Trust Inc. stocks have been trading down by -13.09 percent amid heightened concerns over its hospital tenant financial stability. Spot the Next Big Runner Click Here for a Millionaire’s POV on Trading MPW SUBSCRIBE FOR ALERTS JOIN 50,000+ ACTIVE TRADERS Key Takeaways Price action in Medical Properties Trust Inc. shows a steady drift…

Owner of Raleigh bikes files for insolvency after 139 years

Accell UK and Ireland, part of the Netherlands-based Accell Group, filed a notice of intention to appoint administrators. The company, which acquired Raleigh for around $100 million (£74 million) in 2012, has initiated insolvency proceedings in the Netherlands. Jonas Nilsson, chief executive of Accell Group, said: “This is a deeply sad and frustrating situation given…

Owner of Raleigh bikes files for insolvency after 139 years

Accell UK and Ireland, part of the Netherlands-based Accell Group, filed a notice of intention to appoint administrators. The company, which acquired Raleigh for around $100 million (£74 million) in 2012, has initiated insolvency proceedings in the Netherlands. Jonas Nilsson, chief executive of Accell Group, said: “This is a deeply sad and frustrating situation given…