More going bust as personal borrowing surges By Kevin Peachey Personal finance reporter 27 January 2017 From the section Business Image copyright PA The number of people declared insolvent owing to unmanageable debts was 13% higher in 2016 compared with the previous year, official figures show. A total of 90,930 people in England and Wales…
Romanian chemical company Chimcomplex has reportedly submitted an indicative offer to acquire the assets of insolvent local chemical plant Oltchim. Chimcomplex is in expansion mode as it seeks to expand its existing operations as well as placing a bid for Oltchims assets. The investments are in line with the companys plans to reposition Romania on the…
(PRLEAP.COM) January 27, 2017 – Debt Consolidation USA shared in a recently published article some very valuable tips that can help consumers manage their long term financial goals. The article titled “5 Ways To Manage Your Long Term Goals” takes a look at some of the ways people can reach their goals more efficiently. The…
Tata Steel UK’s pension scheme deficit is set to balloon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain’s largest steelmaker believes it could face insolvency unless a way can be found to tackle it, the scheme’s trustee has told members. Indian parent company Tata Steel has held talks to merge its European assets with Germany’s…
Cimpress NV (NASDAQ: CMPR) announced fiscal second-quarter 2017 results Wednesday after the market closed, along with plans to “decentralize its organizational structure.” Shares are down more than 8% in after-hours trading, as Wall Street frowns upon continued profitability headwinds for the mass customization specialist. To be fair, going into this report Cimpress shares had all…
(Adds company comments, analyst quote) By Mark Weinraub CHICAGO, Jan 26 (Reuters) – Caterpillar Inc, the world’s largest construction and equipment maker, forecast 2017 profit sharply below analysts’ estimates, hurt by sluggish demand in the construction and energy industries. Peoria, Illinois,-based Caterpillar has already slashed its workforce by more than 16,000 to cope with a…
I became aware that Centrelink were trying to pin a cooked-up robo-debt of $5558 on me through a text message from the aptly named Probe group debt collection agency. There resources about how to dispute a Centrelink debt letter, including GetUp! which has a page that sends a bunch of letters to key places in…
Tata Steel UK’s pension scheme deficit is set to balloon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain’s largest steelmaker believes it could face insolvency unless a way can be found to tackle it, the scheme’s trustee has told members. Indian parent company Tata Steel has held talks to merge its European assets with Germany’s…
EBR Motorcycles To Liquidate Product Equipment and Parts Less than a year after an EBR Launch Party that featured the 2016 EBR 1190SX and 1190RX, and just months after the debut of the new Black Lightning (shown above), EBR will begin a wind down of production operations commencing next week, it announced. The East Troy,…
Unimpressed: Carpendeit dairy farmer Donna Edge is among local suppliers unimpressed with the offer by National Dairy Products to creditors. The owner of embattled milk broking company, National Dairy Products (NDP), Tony Esposito, has defended his business practices, saying he was only trying to support farmers. Mr Esposito said he wanted to keep NDP afloat and…