Though increasing numbers of EU citizens are drawing Danish state student loans, (statens uddannelsesstøtteslån or SU-lån in Danish), the Copenhagen government remains unable to determine whether debts will actually be repaid, reports newspaper Politiken.
Under EU law, citizens of other member states are entitled to draw the loan while studying in Denmark.
But Denmark is currently unable to force repayments of invoices sent to individuals once they have returned to their home countries.
It is beyond all doubt that it is unacceptable that …
Read the full article at: https://www.thelocal.dk/20180115/can-the-eu-help-collect-student-debt-owed-to-denmark
Construction company involved in government projects including HS2 collapses as last-ditch talks with lenders fail
Carillion has gone into liquidation.
Photograph: Tolga Akmen/AFP/Getty Images
The construction firm Carillion, which is involved in a host of major government projects such as HS2 as well as vital public services including school dinners, has gone into compulsory liquidation, putting tens of thousands of jobs at risk.
Last-ditch talks by the companys bank lenders at the weekend collapsed, even though emergency talks were hosted by the Cabinet Office.
Carillion said in statement to the London Stock Exchange: Despite considerable efforts those discussions have not been succes…
Read the full article at: https://www.theguardian.com/business/2018/jan/15/jobs-carillion-liquidation-construction-hs2
Jesica Fino
15 Jan 2018 08:30am
The value of fraud in the UK has risen by 538% in the last 15 years, reaching a total of £2.11bn in 2017, according to BDO
…
Read the full article at: http://economia.icaew.com/en/news/january-2018/value-of-uk-fraud-hits-15-year-high
Former Gemfields CEO Ian Harebottle joins Kropz SA, the South Africa based plant nutrient company and miner of fertiliser feed materials, as Group CEO on 28 March 2018.
Harebottle has over 17 years experience in the mining sector and was CEO of AIM-quoted Gemfields from February 2009 until its acquisition by Pallinghurst Resources in July 2017.
Under his leadership, Gemfields grew to become a leading supplier of responsibly sourced coloured gemstones with assets in Zambia, Mozambique, Ethiopia and Madagascar.
From his appointment in 2009, Harebottle undertook an operational restructuring which saw Gemfields transition from a loss-making business with revenues under US$1 million to an international multi-ass…
Read the full article at: https://www.miningreview.com/news/former-gemfields-ceo-lead-kropz-future/
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Jan 15 (Reuters) – British construction and services company Carillion collapsed on Monday when banks refused to lend it any more money, throwing hundreds of major projects in doubt and bringing down one of the governments most important suppliers.
Carillions shares had lost more than 90 percent of their value since a profit warning last July. Its troubles had been compounded by heavy debt, pension obligations and delays in collecting cash from clients.
Below is a timeline of news related to Carillion:
Jan. 15, 2018
Carillion collapsed after banks refused to provide any further financial support following fruitless rescue talks over the weekend.
Jan. 12, 2018
Carillion said it remained in constructive discussions with i…
Read the full article at: https://www.reuters.com/article/carillion-restructuring-dates/timeline-carillion-collapses-under-debt-pile-after-profit-warnings-idUSL4N1P62GG
Carillion, one of the UK’s largest construction companies, now faces being wound up.
Its collapse through an application for compulsory liquidation means the company will eventually be dissolved, with creditors sharing any money from the sale of its assets.
The decision to effectively declare itself bust leaves 43,000 jobs worldwide hanging in the balance though there is some hope that many in the sprawling business will keep their jobs albeit through Carillion’s work being transferred.
:: Background
Carillion was created in 1999 by the famous road surfacing business Tarmac in a demerger.
The Wolverhampton-based company employed almost half its workers – 19,500 people – in the UK.
As recently as 2 January, the company celeb…
Read the full article at: https://news.sky.com/story/who-are-carillion-11205822
