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…
Related Story: Rod Culleton loses position as WA senator after bankruptcy decision Rod Culleton is vowing to fight his removal from federal politics, despite the president of the Senate confirming his disqualification. Key points: Senator Stephen Parry said he had received confirmation for the Federal Court that Rod Culleton was bankrupt…
Rod Culleton is vowing to fight his removal from federal politics, despite the president of the Senate confirming his disqualification. Key points: Senator Stephen Parry said he had received confirmation for the Federal Court that Rod Culleton was bankrupt Mr Culleton said the statement was premature and “should be withdrawn immediately” Mr Culleton’s chief of…
The threat of the State-owned Bus Éireann becoming insolvent within the next 18 months is very real, its new acting chief executive has told staff. Ray Hernan also said it was clear the loss-making company had to change its business model. However, he insisted that the Expressway service, the companys commercial inter-city coach service which…
The threat of the State-owned Bus Éireann becoming insolvent within the next 18 months is very real, its new acting chief executive has told staff. Ray Hernan also said it was clear the loss-making company had to change its business model. However, he insisted that the Expressway service, the companys commercial inter-city coach service which…
The National Bank of Ukraine started the New Year by closing another bank, declaring Platinum Bank insolvent on Jan. 10. At one time it was Ukraines 22nd largest bank in assets. The central bank reported that Platinum Bank had failed to meet recapitalization requirements reached in June. The Deposit Guarantee Fund is obliged to pay…
Bus Éireann’s Acting Chief Executive Ray Hernan has told staff that the threat of insolvency within the next 18 months is very real, but that the loss-making Expressway service will continue to be a part of the organisation. A report commissioned by Grant Thornton had recommended that Expressway be shut down, which could result in…
Independent senator Rod Culleton has lost his spot in the Senate after he was declared bankrupt by a Federal Court judge. Senate president Stephen Parry has informed Mr Culleton and WA governor Kerry Sanderson there is a vacancy because the former One Nation member has been disqualified from the position as he is an “undischarged…
2017-01-11T11:37+02:00 11:37 11.01.2017 The Board of the National Bank of Ukraine (NBU) on January 10 issued decision No. 14-rsh/BT on placing the PJSC Platinum Bank (Kyiv) on the list of insolvent banks, the NBU said in a statement on its website on Wednesday. “As of January 1, 2017, the bank did not reach the positive…
Nathan Saunders had tried to kill himself three times before he was hit by train 20-year-old with five siblings worked in O2 shop and was a ‘bit of a party animal’ But he also had a history of gambling debts and was fatally struck last August Cheshire Coroner ruled he died from multiple injuries after taking…