by Kate Holton UK contractor Carillion collapsed when banks triggered Britain’s biggest corporate failure in a decade, forcing the government to step in to guarantee public services from school meals to roadworks. The 200-year-old business went into compulsory liquidation at 0600 GMT (5pm AEDT on Monday) after costly contract delays and a slump in new business…
On Jan 15, we updated the research report on diversified industrial goods manufacturer 3M Company (MMM – Free Report) . The companys brands like Nexcare, Post-it, Scotch, Scotch-Brite, ScotchBlue and Filtrete are well recognized names in each household while being market leaders in their respective product categories. With continuous product innovations and investments in R&D,…
On Jan 15, we updated the research report on diversified industrial goods manufacturer 3M CompanyMMM . The company’s brands like Nexcare, Post-it, Scotch, Scotch-Brite, ScotchBlue and Filtrete are well recognized names in each household while being market leaders in their respective product categories. With continuous product innovations and investments in R&D, 3M aims to maintain…
* To meet GKN shareholders, posts presentation for investors * Melrose offer undervalues our company- GKN spokesman * GKN shares jump (Adds GKN statement, analyst comments, details, share movement) By Noor Zainab Hussain Jan 15 (Reuters) – Turnaround specialist Melrose appealed directly to GKNs investors to back its 7 billion pound ($9.6 billion) takeover offer…
Former Gemfields CEO Ian Harebottle joins Kropz SA, the South Africa based plant nutrient company and miner of fertiliser feed materials, as Group CEO on 28 March 2018. Harebottle has over 17 years experience in the mining sector and was CEO of AIM-quoted Gemfields from February 2009 until its acquisition by Pallinghurst Resources…
by Simeon Kerr in Dubai and Ahmed Al Omran in Riyadh The Saudi Binladin construction group said some shareholders may have handed over stakes in the company as the kingdom’s anti-corruption drive starts to take assets claimed by the government. The Jeddah-based company said over the weekend that it remained a “private sector company owned…
PETALING JAYA: Scomi Group Bhd plans to dispose of some assets within the next 12 months as the group aims to pare down its debt after its merger with Scomi Engineering Bhd . Scomi Group told StarBiz the asset disposal is one of the avenues to reduce the debt position. Apart from asset disposals, we…
Burger chain Byron last week launched plans for a company voluntary arrangement in order to slash rent terms. The business was bought in 2013 by Hutton Collins in a deal worth £100m while a string of casual dining names including Côte, Prezzo, Strada and Ask were all gobbled up in a debt-fuelled acquisition frenzy. George…
Simeon Kerr in Dubai and Ahmed Al Omran in Riyadh January 14, 2018 The Saudi Binladin construction group said some shareholders may have handed over stakes in the company as the kingdoms anti-corruption drive starts to take assets claimed by the government. The Jeddah-based company said over the weekend that it remained a private sector…
The government is holding talks with the construction and outsourcing firm Carillion, in a last-ditch attempt to stave off the collapse of a company responsible for crucial services in schools, hospitals and prisons. With the accountancy firm EY lined up to manage an administration that could be triggered as soon as Monday, a rescue deal…