Video PlayerClose BEIJING, Jan. 29 (Xinhua) — Listed companies in China reported rapid profit growth in 2017 as the country’s supply-side structural reform began to bear results. So far, over half of listed companies on the country’s two major exchanges have reported their 2017 performance, and nearly 70 percent of them saw profit gains, according…
Alex Ralph Provident Financials share price collapsed after a host of problems led to profit warningsAlamy Four former bosses at Provident Financial have launched employment tribunal claims for unfair dismissal in the wake of the botched restructuring of its salesforce, The Times has learnt. In a deepening of the crisis facing the troubled subprime lender,…
Myer Holdings Ltd (ASX: MYR) is Australia?s largest full line department store group and one of Australia?s most iconic companies. It has a very strong brand and over 5 million MYER ONE cards are still in circulation. Nevertheless, the company is in major trouble. Sales have stagnated for five years and the company?s net profit has…
CHESTERBROOK, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company® (J.G. Wentworth or the Company) today announced it has successfully completed its reorganization in coordination with its lenders (Lenders), pursuant to the Companys Joint Prepackaged Chapter 11 Plan of Reorganization that was confirmed by the U.S. Bankruptcy Court for the District of Delaware on January 17, 2018 (the Plan).…
BOSTON–(BUSINESS WIRE)–Capstone Headwaters, a leading investment banking firm, has expanded its Financial Advisory Services (FAS) Group with the addition of Managing Director Edward Schatz. He is based in Boston and will assist clients in navigating through operating and financial challenges by providing a variety of corporate restructuring, transaction advisory, and specialty M&A services. Mr. Schatz…
Neil Hume in London January 25, 2018 Crisis-hit commodity trader Noble Group is moving closer toward a debt restructuring deal with its lenders. The companys chairman Paul Brough told shareholders at a meeting in Singapore on Thursday that talks had been constructive and were moving forward. Im hopeful that we will reach a conclusion at…
SINGAPORE (Reuters) – Struggling commodities trader Noble Group Ltd is having constructive talks with creditors to restructure its debt and is hopeful of a deal in the near future, the companys chairman said. Various talks have been going for a couple of months. They have been constructive, Paul Brough, a restructuring specialist who was appointed…
OSLO, Jan 25 (Reuters) – Drilling rig company Seadrill has again postponed an initial hearing on its restructuring plan, this time by six days to Feb. 7, the company said in a U.S. court filing on Wednesday. Once the largest drilling rig operator by market value, Seadrill filed for bankruptcy protection in Texas on Sept.…
BuzzFeed in going through a big restructuring, especially for its entertainment content. CEO Jonah Peretti says BuzzFeed will experiment less with mid-form content that feels stuck in the middle. Former HP CEO Meg Whitman just signed on to be the CEO of a company looking to go into mid-form video. BuzzFeed CEO Jonah Peretti is…
Limiteds () restructuring initiatives and global demand for resins is driving strong growth across its businesses. The company develops and produces sustainable and eco-friendly bioplastics that are used primarily in the packaging industry. The groups patented products were instrumental in driving fiscal 2017 revenues of $22 million across its businesses in Australia,…