Retail Food Group (RFG) widened its loss in the first half of FY19 to $111.1 million, after posting an $87.8 million loss in the same period a year ago. The owner of Donut King, Michels Patisserie, Gloria Jeans, Crust, Pizza Capers and Brumbys Bakery reported a 73.4 per cent drop in underlying net profit after…
A disciplinary committee has cancelled David John Leighs registration as a liquidator following charges against him for allegedly misappropriating $800,000 from a liquidation bank account. The committee, consisting of an ASIC representative, an Australian Restructuring Insolvency and Turnaround Association(ARITA) representative, and an appointee of the Minister for Revenue and Financial Services, also decided that a…
Share. “Any of these consequences could negatively impact our business.” By Adam Bankhurst Activision Blizzard has, in an SEC filing, discussed some of the ramifications of its decision to cut 800 jobs and how it may negatively impact its business going forward. Via GamesIndustry.biz, PCGamesInsider.biz has d… Read the full article at: https://www.ign.com/articles/2019/03/01/activision-blizzard-aware-800-job-cuts-could-negatively-affect-business
WASHINGTON Maxar Technologies has decided not to sell or shut down its commercial geostationary orbit satellite business, but will restructure it with a greater emphasis on smaller satellites and government customers. In an interview with SpaceNews, Walter Scott, executive vice president and chief technology officer of Maxar, said that after months of analysis about the…
Ready for Restructuring | Asian Legal Business Ready for Restructuring After an economically uncertain and sluggish 2018, offshore law firms are anticipating a need for restructuring and insolvency services in the region, and bulking up their teams in that practice area. … Read the full article at: https://www.legalbusinessonline.com/features/ready-restructuring/77343
LEVERKUSEN, GermanyBayer AG said the number of plaintiffs suing over its weedkillers had risen by another 1,900 over the last three monthsadding legal pressure on the German pharmaceuticals and chemicals company as it navigates a broad restructuring of its businesses. The company, which makes drugs such as Aspirin, chemicals and seeds, also reported a net…
There are not enough trade associations and business chambers capable of leading their industries in transformation efforts, Ms Foo Mee Har (West Coast GRC) said in Parliament yesterday. These industry federations are expected to play a pivotal role in economic restructuring through the 23 industry transformation maps. But the task for these federations to make…
Babcock shares fell on Tuesday after revealing a 10 million-plus Brexit hit from restructuring its continental air-rescue business. The under-fire defence contractor, hit by aggressive short-seller Boatman Capital last year, will take the one-off tax charge in 2019 after setting up separate subsidiaries across Europe to carry on aerial firefighting and search-and-rescue missions. … Read…
Issues Initial 2019 Guidance ATLANTA, Feb. 25, 2019 (GLOBE NEWSWIRE) — Crawford & Company (www.crawco.com) (NYSE: CRD-A and CRD-B), the worlds largest publicly listed independent provider of claims management and outsourcing solutions to insurance companies and self-insured entities, today announced its financial results for the fourth quarter and year ended December31, 2018. The Companys two…
Insurance and reinsurance broker Aons global Restructuring Plan, initiated in 2017, is now expected to result in estimated job losses of between 4,800 to 5,400, which is up 12% from the 4,200 to 4,800 expected job eliminations announced in early 2018. The updated range was announced in the global brokers most recent annual 10-K filing,…