A troubled Sheffield city centre pub which ran into financial difficulties has announced its immediate closure. The Sentinel Brewhouse in Shoreham Street has shut its doors immediately and laid off seven staff although the attached brewery will continue to trade while a buyer is sought. The Sentinel Brewhouse. Last year, it was revealed that the…
Vocally she could range from the plumminess of a duchess to the raucous expletives of the charwomen she used to meet as a footloose single girl sharing a Mayfair flat with a West End prostitute. But in person, as the journalist Gyles Brandreth recorded in his diary, that husky, purring voice is for real. On…
This autumn will mark the tenth anniversary of the most spectacular bankruptcy of all times. On 15 September 2008, banking heavyweight Lehman Brothers knocked sideways by the bursting of the sub-prime mortgage bubble a year earlier, declared itself insolvent with 613 billion US dollars worth of debt. This whipped up a storm that raged through Wall…
New Delhi: The Supreme Court halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before the deadline for referring them to insolvency court expired by staying a Reserve Bank of India (RBI) circular issued in February. Bankers said the decision will delay the process at least…
Franco Frattini, president of the Italian Olympic Committee (CONI) tribunal, told reporters CONI had voted 3-2 not to allow any additions to the championship which started two weeks ago. Serie B usually has 22 teams but three of those who should have played this season were barred for financial reasons. Bari and Cesena, both former…
Written by Prem Shankar Jha | Published: September 12, 2018 12:42:42 am Are all the owners and managers of these companies, and their bank managers corrupt, as the government would have us believe? The idea is absurd. Indian industry is in meltdown. Seventy-eight of the largest companies in India are facing dissolution under the Bankruptcy…
The Debenhams chairman has confirmed the ailing retailer will close stores but denied that the company is actively planning to do so through an insolvency process. Sir Ian Cheshires comments come after weekend reports that Debenhams was working with advisory firm KPMG on a company voluntary arrangement (CVA), a form of insolvency that enables a…
updated Deirdre Hipwell, Tom Knowles The department store chain said it expected to report pre-tax profits of £33 millionNICK ANSELL/PA The chairman of Debenhams has hit back at suggestions that the retail chain may be looking into an insolvency process, saying it is simply not true. Sir Ian Cheshire spoke out after the department store published…
New Delhi: Madras High Court has granted interim reprieve to two private power companies by staying insolvency proceedings against their stressed assets. Several other firms, meanwhile, are likely to approach the Supreme Court on Tuesday, seeking more time to resolve their bad loans and save themselves from insolvency as a Reserve Bank of India circular…
MORE than a quarter of a century ago, media mogul and fraudster Robert Maxwell died under bizarre circumstances. The body of the publishing baron and British MP was found floating in the ocean naked after he vanished from his luxury yacht in the Canary Islands. But while an inquest ruled his death was the result…