Nearly one in 10 councils in England have warned they will go bust in the next 12 months as authorities plan widespread cuts, above-inflation council tax rises and across-the-board increases to resident charges, a survey has revealed. The Local Government Information Unit (LGIU) annual poll of local authority leaders and top managers reveals a near-total…
Katie Price will have her income from social media platform TikTok suspended as part of efforts to pay off money owed under her two bankruptcies, a judge has ruled. The former glamour model was declared bankrupt in November 2019 and again in March this year, and is due to face questions over her finances in…
Telecompaper We have been keeping professionals in the telecoms industry up-to-date since 2000. Telecompaper is a well respected, independent research and publishing company focussed on the telecommunications industry. tp:news tp:research tp:events Read the original article here
Red Lobster didn’t go bankrupt because of $20 Endless Shrimp alone — 2 factors that helped sink the seafood chain Red Lobster, the popular seafood restaurant chain that has been around since 1968, has recently filed for bankruptcy. The company plans to sell its business to an entity formed and controlled by its existing term…
Look, if you’ve been plotting an investment strategy using tips from Instagram influencers, you’re probably beyond our help. But we have to try – it’s our job – and the latest instalment in the sorry tale of Tyson Scholz, the online stock trading “educator” with a taste for Ferrari, Bugatti and Rolls-Royce cars, high-end champagne,…
As May’s meme stock trade loses steam, could GameStop (GME) follow a similar fate to meme kinsman Bed Bath & Beyond? After being acquired by Overstock.com in 2023, the company was rebranded as Beyond (BYON). Wedbush Equity Research Managing Director Michael Pachter comments on what sets the video game store chain apart from a traditional…
Brynne Edelsten, the glamorous ex-wife of Australian businessman Geoffrey, has been declared bankrupt. RELATED: Photos of Brynne and Warnie’s ‘nightcap’ released RELATED: Brynne Edelsten denies leaking Shane Warne’s texts The 33-year-old reportedly owes up to $70,000 in unpaid legal bills to the same lawyers who represented her during her divorce to Geoffrey, 73. Brynne Edelsten…
Sichuan Trust, previously controlled by businessman Liu Canglong, is one of the most notorious of China’s problematic trust companies Sichuan Trust Co. Ltd., which defaulted on billions of dollars in trust products nearly four years ago, has received approval from the top financial regulator to wind down, becoming China’s second trust firm to go bust.…
Exclusive | The CEO Who Made a Fortune While His Hospital Chain Collapsed The Wall Street Journal Read the original article here
The latest insolvency data published by the corporate regulator reveals that the number of companies failing is increasing, and it looks like it won’t stop any time soon. Last week, the Australian Securities and Investments Commission (ASIC) released its latest insolvency data, covering the period from 1 July 2023 to 31 March 2024. The data…