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Mr Justice Rory Mulcahy said he was not persuaded that arguments from David O’Shea, Blackbee’s founder, were substantial or made in good faith
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Which countries have completed debt swaps for nature and climate MSN
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Forest Gold Honey in liquidation The Press
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Asda has borrowed an additional £155m to help meet its mountain of debt obligations, as the embattled supermarket continues the battle to deleverage.
The supermarket revealed today it had successfully raised and allocated “a private £155m-equivalent fungible add-on” to one of its existing term loans. It means the new £155m loan was agreed on the same terms as the original borrowings.
Asda will use the funds, along with a similar amount from its balance sheet, to pay off debt due in 2025 and 2026.
The group said that, following on from a £3.2bn refinancing in May this year, all its near-term debt maturities had been pushed into the next decade.
“Asda remains focused on prudently managing the capital structure in the long…
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Credit card debt is a real problem for many Americans. About a quarter of credit card users carry a balance from month to month, and across the nation, outstanding credit card debt currently amounts to $1.7 trillion. Throw in record-high interest rates, which average above 23% on the typical credit card, and it’s harder than ever for many consumers to break free.
With the holidays fast approaching and holiday spending expected to rise, it could be tempting for consumers to charge even more to…
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BlackRock sales targets blamed by some sparkies for SolarZero collapse The Post
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Strong Petrochemical Faces Winding-Up Petitions in Cayman and Hong Kong TipRanks
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A slew of Australian comedians have put their former management, Junkyard Artists, on blast after the director of the company allegedly “swindled” its talent and ghosted them.
Earlier this week, comedians who were previously affiliated with Junkyard Artists took to their Instagram accounts to call out the company with a series of allegations including unpaid invoices.
One of the comedians, Lewis Garnham, shared a video explaining his perspective on what had been going on behind the scenes, alleging that he was “lied” to.
“I’m not going to get the money from ticket sales for so many shows that I did this year. The whole of Edinburgh…
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Bradley Wiggins has revealed that he has been offered financial aid from a somewhat unexpected source – former cycling legend turned disgraced drug cheat Lance Armstrong.
Wiggins, who won a previous national record eight Olympic gold medals, was one of the greatest cyclists ever produced by Great Britain, winning titles on both the track and the road across his career.
Despite his success on the track, though, a company controlled by Wiggins was reported to have debts totalling around £1million, and after failing his individual voluntary agreement (IVA) to pay back the money he owed, was declared bankrupt.
The former cyclist was reportedly left homeless and said to be sleeping at various addresses including that of his ex-wife, and…
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LONDON – Dunedin Enterprise Investment Trust PLC, a publicly traded investment fund, has released a timetable for its voluntary liquidation process. The company has made the circular detailing the proposed liquidation available for shareholders to view online and submitted it to the National Storage Mechanism.
According to the schedule, the last day of dealing in the company’s shares through CREST on a normal rolling two-day settlement basis is set for December 30, 2024. The deadline for receipt of proxy forms is 10 a.m. on January 2, 2025, and the register will close at 6.00 p.m. on January 3, 2025, which is the record date for participation in the liquidation.
Trading of the company’s shares on the London Stock Exchange (LON:) will…
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In response, the Labour spokesperson said the council’s financial difficulties followed “14 years of Conservative austerity that saw £1bn of funding taken from our city”.
However, they accepted the council needed to improve.
“We have buckled down and brought in greater efficiencies, tighter financial control and are transforming our services fit for the future,” they said.
“We continue our work to transform the council and put it back on the path to financial stability whilst protecting the services that matter most to the people of Birmingham.”
The new Labour government would bring forward plans for “sustainable long-term funding for councils”, the spokesperson added.