Failed home builder Watersun Homes ‘could have been trading … – The Sydney Morning Herald

Failed builder Watersun Homes could have been trading insolvent for more than a year before its collapse, accepting money from customers while contractors complained about unpaid bills worth tens of thousands of dollars, according to the company’s administrators. Play Video Don’t Play Victorian native oysters to make a come back Play Video Don’t Play Video…

BRIEF-Facor Steels says initiation of corporate insolvency resolution process – Reuters

April 6 Facor Steels Ltd * Facor steels ltd says initiation of corporate insolvency resolution process * Facor steels ltd says powers of board stand suspended Source text – (bit.ly/2nNGveF) Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Company News ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo =…

Unilever Unveils Restructuring, Pledges to Raise Returns in Wake of Kraft Bid – Wall Street Journal (subscription)

LONDONUnilever PLC said it would divest its 145-year-old margarine and spreads business, part of a broad restructuring in the wake of a spurned takeover approach by Kraft Heinz Co. The Anglo-Dutch consumer-goods giant said it would also combine its two remaining food businesses, raise its dividend and buy back shares, all in an effort to…

Rag trader Malcolm Webster sells Darling Point terrace for about $4.8 million – Domain News

London-based rag trader Malcolm Webster has sold his Darling Point terrace ahead of this weekends scheduled auction, bringing an end to his extensive home real estate holdings in Sydney. The sell-off comes after a decision earlier this year to place his high-profile brands David Lawrence and Marcs into voluntary administration, with debts of almost $30 million.…