Signature boss banned as company director

Lawrence Kenwright has been banned from being a company director. Kenwright founded the Signature Group which operated a chain of hotels including ones affiliated with the families of Bill Shankly and Dixie Dean. But the Liverpool businessman was struck off after allowing one of his companies to mislead investors who suffered £4.8 million in losses.…

Realtors line up to buy bankrupt developers as land prices rise

Mumbai: Several small and mid-sized real-estate developers are increasingly looking to the bankruptcy courts to acquire distressed property companies, seeking an alternative to buying increasingly expensive land in major cities. Developers that once competed for land parcels or redevelopment mandates are now bidding for companies, which come with projects, development rights, and, in some cases,…