Read the full article at: https://finance.nine.com.au/2019/02/11/11/26/bestjet-collapse-asic-warned-about-alleged-misconduct-australia-news
UK-BASED automotive importer and distributor Inchcape is assessing the possibility of taking over GM Holdens operations in Australia, according to a report in the Australian Financial Review.
The report says that Inchcape Australia is gauging the commitment of GMs Australian operation as a full-time importer, following its switch from being a local manufacturer in October 2017 with the discontinuation of the locally built Commodore.
Since becoming a full-time importer, Holdens Australian sales have suffered, dropping 32.7 per cent, from 90,306 vehicles sold in 2017, to 60,751 in 2018.
Furthermore, GMs global operations have been under a restructure, with it announcing in November that it would axe 15 per cent of its global workforce …
Read the full article at: https://www.goauto.com.au/news/holden/inchcape-considering-gm-holden-business-case-report/2019-02-11/77522.html
You are planning to celebrate your parents 50th wedding anniversary. As the family comes together, ideas flow and before you know it, the event becomes bigger and bigger. You notice your brother becoming irritable as days pass, and protesting new expenses. The other siblings complain that the brother is being stingy. Pause. Could he be in debt?
People do not wear their indebtedness on their sleeve. Families actively try to hide the fact that they have run up debts they cannot pay. They feel remorseful and ashamed and wish their problem would go away. While they struggle with debt, they try their best to put up a brave face and behave normally. How can you find out if a relative or friend needs help? What should you do or not do?
You dont…
Read the full article at: https://economictimes.indiatimes.com/wealth/plan/you-can-do-a-lot-to-help-your-friend-in-debt-by-not-doing-any-of-this/articleshow/67912655.cms
Paperchase is in talks with landlords about a store restructuring plan to reduce its shop bills by linking rent to store turnover.
The greeting cards retailer is proposing a new style of company voluntary arrangement (CVA) to its landlords, which it hopes would avoid drastic store closures but give the business more headroom by reducing its property costs.
At the same time, Paperchases advisers at KPMG are still holding talks with potential rescue buyers for the business. The sale process is understood to have attracted interest from turnaround firms.
It is unclear at this stage whether Paperchase will opt for a CVA or sale but the retailer is understood to have been encouraged by constructive…
Read the full article at: https://www.telegraph.co.uk/business/2019/02/10/paperchase-restructuring-plan-link-rent-turnover/
By E Jayashree Kurup
It has been a harsh winters for consumers and developers for the real estate sector. But this period has also coincided with some welcome structural and policy changes that will usher in long-term gains for the sector.
Demonetisation
The sector was battling weak consumer sentiments due to poor deliveries when demonetisation brought down property prices further. While houses became more affordable after demonetisation, the sector now faces a liquidity crunch as funding has become scarce.
RERA: Real Estate (Regulation & Development) Act
The grievance redressal mechanism of RERA, enacted in May 2016, improved consumer and investor confidence by focusing on transparency. According a Magicbricks poll, around 56% of hom…
Read the full article at: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/ground-realty-after-harsh-winters-consumers-and-developers-get-ready-for-long-term-gains/articleshow/67918611.cms
An Post is planning a 5 million refresh of its brand to make it more relevant in the digital age.
The wavy lines which represent a franking mark on a letter that have featured since the An Post brand first appeared in 1984 have gone and been replaced with a mobius symbol incorporated into the o in the name, which is supposed to represent ongoing change and connectedness.
An Post is also adopting a more modern shade of green for its refreshed corporate identity, which it hopes will stand out more in the physical and digital e…
Read the full article at: https://www.irishtimes.com/business/an-post-to-deliver-a-5m-new-look-for-mail-and-parcel-businesses-1.3787179
We refer to the intimation made on February 04, 2019 for 16th Meeting of Committee of Creditors (COC) and would further like to inform you that the said meeting was conducted on February 06, 2019 to discuss the outcome of the e-voting held on the resolution plan.
This letter may be treated as communication under Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ushdev-international-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26213834.ece
Riga, Latvia, 2019-02-08 21:58 CET (GLOBE NEWSWIRE) —
ABLV Bank, AS in liquidation (hereinafter the Company) has carried out reorganisation of the companies of the group and within the framework of the reorganisation the Companys subsidiary New Hanza Capital, AS has become an owner of 100% of shares of NHC 5, SIA. The Company retains indirect significant participation in the company NHC 5, SIA.
Given the started liquidation of the Company, real estate development and management are not its future priority, thus the real estate companies of the group are being gradually prepared for sale, which is one of the tasks of the Companys liquidators.
NHC 5, SIA now owns two real estate objects in Riga an office building at 23 Elizabetes …
Read the full article at: https://globenewswire.com/news-release/2019/02/08/1716206/0/en/On-Changes-in-the-Group-of-ABLV-Bank-AS-in-Liquidation.html
Dealing with mental health can be tricky.
But when you throw debt into the mix, it can feel like its all too much.
Debt can be both a cause and a consequence of mental health problems.
According to charity Mind, one in 11 people in the UK is in debt, increasing to one in four for those suffering with mental health problems.
And if you have depression and are in financial difficulty, you are far more likely to remain unwell than someone without debt problems.
Stephen Finlayson, Head of Innovation and Improvement at Penumbra, a Scottish mental health charity, said: Theres a very strong connection between debt and mental health.
It can be a bit of a vicious circle. If you already have poor mental health, theres a significant chance that thi…
Read the full article at: https://www.dailyrecord.co.uk/special-features/debt-help-mental-health-worries-13954874
While debt consolidation offers may sound appealing, especially if the new loan offers an attractive initial interest rate, it is important to consider all the factors before picking one up.
By: Hitesh Khan/
If you are like most Singaporeans, your email and mailbox may be filled with offers for credit cards, mortgage refinancing and personal loans. Many of those offers stress the benefits of moving existing balances to the new lenders. While that may sound appealing, especially if the new loan offers an attractive initial interest rate, it is important to consider all the factors associated with debt consolidation.
Moving all your outstanding loan balances to one lender will not reduce the amount you owe. You must ulti…
Read the full article at: http://finance.theindependent.sg/debt-consolidation-is-debt-management-not-debt-elimination/
April 2011: “The club has been rescued, thank God, of the fantastic heritage of Liverpool Football Club, but it was a close call.”
William Gaillard, adviser to UEFA president Michel Platini.
May 2012: People have short memories, its only 15-16 months ago we were a day away from being in administration. We are now stable financially. Its year one of what they (Fenway) said when they bought the club would be a long journey. Christian Purslow, Liverpool .
February 8, 2019: “My personal view is that this is a really significant turnaround. We have come from near bankruptcy not that long ago to being really successful, competitive and improving across the board.” Andy Hughes, LFC Chief Financial Officer.
Just eight years after a pair of Ameri…
Read the full article at: https://www.liverpoolecho.co.uk/sport/football/football-news/how-fsg-pulled-economic-miracle-15796583
FULLBEAUTY Brands Holdings has completed a financial restructuring to emerge from chapter 11 bankruptcy with around $35m in new financing.
The company has cleared approximately $900m of debt during the bankruptcy process.
In January 2019, the fashion brand signed a comprehensive restructuring support agreement with its key stakeholders, including equity sponsors Apax Partners and Charlesbank Capital Partners, in an effort to reduce the debt.
Now that the company has emerged from bankruptcy, affiliates of Apax Partners and Charlesbank Capital Partners will now acquire minority stakes for thei…
Read the full article at: https://www.retail-insight-network.com/news/fullbeauty-financial-restructuring-bankruptcy/