Bus Éireann has confirmed the company is facing insolvency within 18 months unless decisive actions are taken to reverse losses. The transport providers acting Chief Executive Ray Hernan has told staff the company is facing forecasted losses of 8m for 2016 and warned that, collectively we cannot allow this trend to continue. The company has…
Former Senator Rod Culleton is fighting for his political career after his removal from the senate. Former One Nation senator Rod Culleton speaks to the media outside court in Perth. Picture: AAP DISQUALIFIED former One Nation senator Rod Culleton has had a rare legal win after a second attempt to have him declared bankrupt was…
Former senator Rod Culleton says he will take a “self-imposed” moratorium from his job, after he lost his spot in the Upper House following a bankruptcy case against him, but says he will stay in his electorate office. Key points: Rodney Culleton says he will take a leave of absence from senatorial duties, but…
Image: Ozcon Latest News Industrial supply company Ozcon Industries has been placed in voluntary liquidation after letting go of its workers last week. The company which supplies steel pipe engineering services, perforating processing, and welding services to the mining, manufacturing, and agricultural industries went into voluntary liquidation at the request of its directors and shareholders.…
Rod Culleton says he has some significant achievements under his belt as a senator for Western Australia and people will grieve for him. The former One Nation senator is set to leave parliament this year either as a bankrupt or if the High Court decides he was ineligible to run at the July 2016 election.…
MAARTEN HOLL/FAIRFAX NZ Gregory Hutt, pictured, appeared for sentencing in the High Court in Wellington in 2012, after earlier pleading guilty to agreeing bribing to former ACC property manager Malcolm Mason. A second company part-owned by a businessman who previously bribed an ACC boss has run into financial issues. Gregory Alexander Hutt’s Wellington business Concept…
Business was booming at a nearby shopping centre in the lead-up to Christmas. Armed with credit cards and other forms of debt, consumers were loading up on gifts and other seasonal goodies. I wondered: how will they pay for this spending frenzy? The Reserve Banks chart on household finances (below, left) is a constant, scary…
THE COMPANY behind a claim over Rangers and the liquidated club plc’s £16 million cash pot is itself being wound up. Investment firm Worthington Group PLC was accused of stymying the process of reimbursing businesses that were owed money by the former Rangers company – which ranged from giants such as Coca-Cola to a picture framer in…
LNP Senator Barry O’Sullivan is the nations most property rich pollie. Picture: Michael Ross THE nations most property rich pollies have been revealed with Queensland LNP senator Barry OSullivan topping the list once again. Mr OSullivan, a former country policeman and grazier, holds 16 real estate portfolios mostly in the Toowoomba region, with others in…
Business was booming at a nearby shopping centre in the lead-up to Christmas. Armed with credit cards and other forms of debt, consumers were loading up on gifts and other seasonal goodies. I wondered: how will they pay for this spending frenzy? The Reserve Banks chart on household finances (below, left) is a constant, scary…