House of Fraser business partner threatens legal action against administrators EY – Retail Gazette (blog)

House of Fraser concession partner Ehab Shouly is considering legal action against the companys administrator Ernst & Young (EY). Shouly, owner and co-founder of The Tea Terrace, which operates three cafes within House of Fraser stores, claims he is owed over 300,000 from House of Fraser, equating to two months worth of sales. He argues…

University cash crisis worsens as state cuts budgets – University World News

Kenyas beleaguered public universities have been told to further tighten their belts after being slapped with a US$10 million budget cut that will worsen their cash woes, in austerity measures that are meant to avert a looming economic crisis. Last week, Kenyas parliament voted to reduce funding for spending on salaries, learning materials and infrastructure…

Punj Lloyd down 3% after IFC moves insolvency plea against co – Moneycontrol.com

Share price of Punj Lloyd fell nearly 3 percent intraday Friday after International Finance Corporation (IFC) moved an insolvency plea against company before the National Company Law Tribunal (NCLT). International Finance Corporation (IFC) has filed an application before the National Company Law Tribunal (NCLT) under Section 7 of the Insolvency and Bankruptcy Code. A two-member…