“As markets contemplate the drag of a global trade dispute, and the consequent more accommodative stance from central banks, bonds yields are trading near eighteen-month lows. The Japanese yen is another beneficiary, although gold is yet to join the party. Stocks are under pressure.” Downer EDI lost 9.1 per cent to close at $7.16 after…
Telstra has announced it will record $500 million in impairments in its FY19 results as it writes off its legacy IT assets, and increased its forecast annual restructuring costs due to expedited job cuts. Telstra CEO Andy Penn.Credit:Peter Rae Like other legacy telecom firms around the world, Telstra is finding it hard to battle cutthroat…
Los Angeles, 28 May 2019 International law firm Hogan Lovells is pleased to announce that David Simonds has joined the firms Business Restructuring and Insolvency (BRI) practice as a partner based in the firms Los Angeles office. I am very excited to expand my practice both nationally and internationally at Hogan Lovells, said Simonds. Ive…
Image copyright Getty Images More than 200 Boots stores across the UK could be closed by its American owners Walgreens Boots Alliance (WBA) in a bid to cut costs. The shops – which are in areas where Boots has more than one store – are under review for possible closure. It is understood the review…
British fashion chain Topshop is planning to close all 11 of its U.S. stores after its parent company filed for bankruptcy protection. Arcadia Group, the London-based owner of the chain, said it is facing poor market conditions in the retail sector. The company blamed online competition such as Amazon and discount-retailers like TJMaxx for weak…
Company will explore strategic alternatives for its immuno-oncology programs Company will align its resources to focus on HEPLISAV-B commercialization Eddie Gray, CEO, to retire BERKELEY, Calif., May 23, 2019 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (NASDAQ: DVAX), today announced a strategic restructuring to prioritize its vaccine business by focusing on the companys first commercial product…
Headline losses before tax came to 87.3 million for the 53 weeks to March 30, compared to 72.8 million this time last year. Losses were deepened by the retailers store closure plan, which was agreed last year under a Company Voluntary Arrangement (CVA). Mothercare UK, which operates as a separate company to Mothercare Ireland, said…
A Conewango Valley man who helped defraud more than 100 small business owners out of $397,249 through a debt restructuring scheme was sentenced Thursday to time served in prison, which equaled 9 months. Prosecutors wanted U.S. District Judge Lawrence J. Vilardo to send Mark Farnham to prison for 27 months. Farnham, 26, who pleaded guilty…
— Company will explore strategic alternatives for its immuno-oncology programs — Company will align its resources to focus on HEPLISAV-B commercialization — Eddie Gray, CEO, to retire BERKELEY, Calif., May 23, 2019 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (NASDAQ: DVAX), today announced a strategic restructuring to prioritize its vaccine business by focusing on the companys…
Sir Philip Green and his wife have offered to pump 100m into Arcadias pension scheme in a desperate bid to win backing for a radical restructuring of their retail empire that will include 23 shop closures and a complete retreat from America. Arcadias restructuring plans follow weeks of fraught wrangling with landlords and the pensions…