() has updated investors on its operations as it continues its restructuring efforts.
The specialist castings and engineering firm said the restructuring of Chamberlin and Hill Castings Ltd(C&H) and its integration into the business has been completed in line with expected cost savings, while the group said C&H has also won a 3-year contract to supply components for diesel engine generators commencing in July 2021.
READ:Chamberlin appoints from within to the role of finance director
The firm also said that C&H has be…
Read the full article at: https://www.proactiveinvestors.co.uk/companies/news/949917/chamberlin-updates-on-restructuring-efforts-business-performance-949917.html
- Uneven economic impact of pandemic implies risks concentrated in specific sectors and countries
- Banks asset quality holding up, but profitability weak and potential for credit risk to worsen
- Disorderly corrections in financial market segments may affect non-banks that have large exposures to corporates with weak fundamentals
The uneven economic impact of the pandemic means that financial stability risks are concentrated in specific sectors and countries, often with higher pre-existing vulnerabilities, concludes the May 2021 Financial Stability Review (FSR) of the European Central Bank (ECB).
As the euro area emerges from the third wave of the pandemic, risks to financial stability remain elevated and have become more unevenly dist…
Read the full article at: https://www.miragenews.com/ecb-review-sees-elevated-financial-stability-562725/
Member Article
Corporate insolvencies fell by 7.2% to 925 in April 2021 compared to Marchs figure of 997, and fell by 22.9% compared to April 2020s figure (1,199).
Personal insolvencies fell by 9.9% to 9,859 in April 2021 compared to Marchs figure of 10,941, and were 5% lower than April 2020s figure of 10,394.
Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of the April 2021 corporate and individual insolvency statistics for England and Wales:
The monthly fall in corporate insolvency numbers shown in the figures published today has been driven by a drop in Compulsory Liquidations and Creditors Voluntary Liquidations.
On the per…
Read the full article at: https://bdaily.co.uk/articles/2021/05/18/april-2021-monthly-insolvency-statistics-r3-response
Ghanshyam Sarup Batra (58), of Harlow, Essex, was the appointed director of Dylan Lettings Worldwide Limited since its incorporation in May 2010.
The company acted as a management organisation for three apartment blocks that had previously been converted from hotels.
The freeholds of the buildings were owned by three separate companies, whilst Ghanshyam Batra was the registered leaseholder on all the apartments.
In April 2017, Ghanshyam Batra and the three companies were ordered by the court to pay a confidential settlement connected to 6.5 million of arrears owed to mortgage lenders.
When the settlement was not paid, a Receiver was appointed by the court over the properties and the leaseholds. Restrictions were then placed on Ghan…
Read the full article at: https://www.miragenews.com/lettings-company-banned-for-emptying-company-562767/
Artificial intelligence crowdsourcing provider Appen will use artificial intelligence (AI) itself in a restructuring that will allow it to slash service staff and become more customer-focused.
To put it simply, we are accelerating our transformation into an AI-powered provider of AI data and solutions, said Appen chief executive Mark Brayan as the stock bounced back on the ASX, having been savaged this year on fears the companys big tech customers may become less reliant on its services. Appen shares, which were worth as much as $43.50 in August last year, jumped more than 13 per cent to $12.92 on Wednesday morning.
Appen makes most of its money from crowdsourcing a global workforce of a million people that do the low-level grunt work f…
Read the full article at: https://www.smh.com.au/business/companies/appen-slashes-staff-promises-more-revenue-transparency-20210519-p57t6z.html
Previous releases of these statistics were classified as experimental. However, the initial development phase has now ended and the methodology and content have proved sufficiently robust to meet the needs of the users of these statistics, so the experimental statistics designation has now been removed.
1. Data Sources
Company Insolvency data for England & Wales, Scotland and Northern Ireland are sourced from Companies House, except for compulsory liquidation data for England & Wales and Northern Ireland.
Compulsory liquidation data for England & Wales are sourced from the Insolvency Service case information system (ISCIS). Compulsory liquidation data for Northern Ireland are sourced from the Department for the Economy, Northern Ireland…
Read the full article at: https://www.gov.uk/government/statistics/monthly-insolvency-statistics-april-2021/methodology-and-quality-document-monthly-insolvency-statistics-april-2021