Debt collector and payday lender Credit Corp Group Limited (ASX: CCP) released its annual results for 2017 this morning. Its share price rose 5% to $17.76 at the time of writing. Here?s what you need to know: Revenue rose 17% to $266 million Net profit after tax (NPAT) rose 20% to $55 million Earnings per share of 114.7 cents Dividends…
(Reuters) – Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, has hired an investment bank to help tackle its debt burden, as it struggles with low profit margins, people familiar with the matter said on Tuesday. The move underscores the challenges facing some East Coast refineries, which used…
Gov. Paul LePage has vowed to fight for bonds aimed at attracting young people and supporting research and development. The governor on a Tuesday radio appearance expressed frustration with fellow Republicans opposed to such efforts. A $40 million bond would help pay off student loans for those who agree to live and work in Maine…
PORTLAND, Maine – Maine’s Republican governor is vowing to fight for $100 million worth of bonds aimed at attracting young people and supporting research and development. Gov. Paul LePage on a Tuesday radio appearance expressed frustration with fellow Republicans opposed to such efforts. The bonds would fund programs to pay off student loans for those who agree…
Ausgrid’s new shareholders and management team are wasting no time in addressing the company’s capital structure. Street Talk understands that Ausgrid is preparing to tap the United States privately issued debt market as early as this week, with the help of lenders and advisers Bank of America Merrill Lynch and Commonwealth Bank of Australia. The US debt…
Debt management or “credit repair” services can make some alluring promises to those with financial problems. They say they can silence the phone, turn away the debt collectors, wipe away black marks from your credit record – and make those money woes go away. But so often these promises are not met. In too many…
Debt management or “credit repair” services can make some alluring promises to those with financial problems. They say they can silence the phone, turn away the debt collectors, wipe away black marks from your credit record – and make those money woes go away. But so often these promises are not met. In too many…
The Financial Conduct Authority is to crack down on the high cost of overdrafts and review the booming car loan market in the latest attempt by regulators to tackle mounting consumer debt. Andrew Bailey, chief executive of the financial regulator, said charges imposed on customers falling into unauthorised overdrafts would be overhauled. Research by the…
BATHINDA: The Punjab government would come up with an agriculture policy soon to ensure the welfare of farming community, said Punjab finance minister Manpreet Singh Badal. “We will not restrict waiving the debt of small and marginal farmers up to Rs 2 lakh, but will go beyond that to support farmers in many ways through…
When you’ve been carrying around a load of debt for a while, getting rid of it starts to feel impossible — like cleaning out the Aegean stables. For those unacquainted with Greek myth, the Aegean stables were full of horses with disgusting personal habits who produced so much manure that the stable was considered impossible…