– Company cost structure expected to be reduced by $70 to $75 million in 2019 – Approximately $100 million in cash and marketable securities at December 31, 2018 DUBLIN, Ireland, Feb. 07, 2019 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), today announced a corporate restructuring to assure the financial health required to maximize the…
Phil Chronican, a non-executive director who has been appointed acting CEO, is a safe pair of hands, having had a lengthy career at Westpac before ending his executive career running ANZs Australasian businesses. Having a temporary CEO and a chairman simply warming the chair until the new CEO is found is, however — at this…
Company restructures senior leadership as it focuses on the future LOS ANGELES, Feb. 05, 2019 (GLOBE NEWSWIRE) — PINEAPPLE EXPRESS, INC. (OTC Grey: PNPL) (the Company), a publicly traded company that offers consulting, technology, investments, turn-key property rentals and branding concepts to businesses in the legal cannabis industry, today announced a comprehensive restructuring of its…
Australian cosmetics empire Napoleon Perdis Group will now honour gift cards and e-vouchers purchased before it went into voluntary administration. Administrators Simon Cathro, Chris Cook and Ivan Glavas, of Worrells Solvency Accountants, announced the struggling brand was now in a position to honour the vouchers on Wednesday. The about-face comes after many frustrated customers took…
For more than a year, in order to secure ongoing funding, there has been an urgent need to provide the local and global financial communities with assurances that there is a credible Eskom recovery plan in place that is supported by government and the treasury. To this end, Eskom presented a long-awaited turnaround plan and…
RattanIndia Power said on Tuesday that its board has approved a debt restructuring proposal which includes issuance of non-convertible debentures worth up to Rs 7,200 crore to investors on private placement basis. “In accordance with the terms of the Binding Settlement Proposal, the Board in this meeting approved (steps) with respect to composite debt…
(Reuters) – Struggling U.K. flooring retailer Carpetright said on Tuesday its Chief Financial Officer Neil Page would retire this month after more than a decade in the role. The company, which is implementing a survival plan after negotiations with creditors in the past year, said Jeremy Simpson would replace Page on Feb.25. Simpson is joining…
Administrators for collapsed cosmetics retailer Napoleon Perdis have closed half of the chains 56 stores in a bid to make the business more appealing to potential buyers. The eponymous chain, founded by Australian makeup mogul Napoleon Perdis, appointed administrators from Worrels last week. Administrators remain confident they can sell the business, citing significant interest but…
Electricity pylons stand in Johannesburg, South Africa, 26 February 2009. EPA/JON HRUSA There has been much speculation in the media on the pending restructuring and unbundling of Eskom. It is expected that President Cyril Ramaphosa will be giving some direction in this regard in his state-of-the-nation address on Thursday. For more than a year, in…
With the palladium price more than $500/oz more expensive than platinum, which is trading at about $812/oz and no signs of palladium supply matching demand any time soon, autocatalyst makers are moving closer to substituting palladium with platinum, Muller said. There are no short-term levers to pull to increase palladium by any miners, particularly in…