The Liquidators of the defunct Post Newspapers limited have promised to pay the creditors after selling the assets of the company following the Lusaka High Courts decision to declare the company insolvent.
Recoveries Manager of the Post Newspapers Limited Robert Chabinga says he will start by paying secured creditors, former Post Newspapers employees, the Zambia Revenue Authority and other creditors as prescribed by the companies Act.
And Mr. Chabinga says initially the liquidators wanted to find a commercial solution to the companys problems but some shareholders opted not to cooperate.
He has warned former Post Newspapers work…
Read the full article at: https://www.znbc.co.zm/post-newspapers-creditors-assured/
The government is holding talks with the construction and outsourcing firm Carillion, in a last-ditch attempt to stave off the collapse of a company responsible for crucial services in schools, hospitals and prisons.
With the accountancy firm EY lined up to manage an administration that could be triggered as soon as Monday, a rescue deal is expected to hinge on whether the government is willing to help prop up the company.
The Carillion CV
History The business was built from the construction division of Tarmac. It was spun out of the Tarmac corporation in 1999 and then acquired rivals, including Mowlem and Alfred McAlpine. It also acquired a number of Canadian businesses.
Base Wolverhampton
Employs 43,000 staff (20,000 …
Read the full article at: https://www.theguardian.com/business/2018/jan/14/carillion-crisis-government-locked-last-ditch-rescue-talks
A mum-of-two saddled with debt and facing eviction has revealed her 18 money-saving hacks that helped her get back on her feet.
Among Morgan Woods’ 18 tips simple tips are unplugging electrical items when they are not being used and making your own lunch.
She also suggests using coupons, planning your meals and even borrowing items instead of buying them.
See her full list of 18 tips below…
Morgan came up with her list when she and her husband, Tom Brown, faced homelessness in January last year when they discovered their landlord had listed their Norfolk property on the market.
Matters were made worse when the couple discovered an expensive previous year had left them £4,000 in credit card debt – with payments escalating by the da…
Read the full article at: https://www.irishmirror.ie/lifestyle/homes-and-property/mum-reveals-18-simple-life-11837877
LEADERS LEAGUE. What is the specificity of the Paris office?
Stephane de Lassus The Paris office is fo- cused on private clients issues. We offer a unique combination of legal and tax services to companies, investors and family groups, as well as management teams. We assist clients, both French and foreign, in structuring their transactions and their business & private assets at both an international and national level. Lately, we restructured the capital of a bil- lion dollar multinational, publicly-listed private equity firm based in Paris.
As part of these services, we represent the in- terests of entrepreneurs, founders, managers, shareholders and other private investors, we advise public and private companies on the legal and tax issu…
Read the full article at: http://www.leadersleague.com/en/news/stephane-de-lassus-providing-clear-and-operational-advice-based-on-technical-analysis
The Bangladesh Cricket Board has announced that it will introduce mobile courts at cricket stadiums in an innovative attempt to prevent gambling from taking place at the upcoming tri-nations series against Sri Lanka and Zimbabwe.
An Extreme Reaction?
Under the new system, individuals that are caught betting within the stadiums when the games are being played will be tried on the spot by judges being transported around in the mobile courts.
This decision comes after intricate gambling laws within Bangladesh saw almost 80 spectators kicked out of live matches for betting using their mobile phone devices during the last season of the T20 Premier League.
Bangladesh Cricke…
Read the full article at: https://www.casino.org/blog/bangladesh-introduces-mobile-courts-to-punish-gamblers/
FRANKFURT (Reuters) – A major shareholder in Thyssenkrupp has criticized Chief Executive Heinrich Hiesinger for failing to achieve his own profit targets, raising tensions before the German industry groups annual meeting next Friday.
Swedish investor Cevian reiterated its call to restructure Thyssenkrupp, in which it controls an 18 percent stake, piling pressure on Hiesinger as he tries to complete a merger of its steel business with that of Indias Tata Steel.
Thyssenkrupp is not developing in the way we expected. Something has to change in the structure of the business, Lars Foerberg, co-founder of Cevian, told the Frankfurter Allgemeine Sonntagszeitung.
Separately, the Spiegel news weekly reported that Hiesinger would tell shareholders…
Read the full article at: https://www.reuters.com/article/thyssenkrupp-shareholders/update-1-thyssenkrupp-shareholder-criticises-ceo-demands-restructuring-idUSL8N1P80JF
PERTH restaurateur Scott Taylors company owes at least $3.5 million to creditors.
Mr Taylor and his sister Angie Lee Taylor are co-directors of Element WA, the company which ran The Trustee, Beaufort Local and Enriques School for Bullfighting.
Element WA was placed in voluntary administration on October 30. Just weeks later, the brother and sister opened a new restaurant on St Georges Terrace called The Butchers Arms.
Mr Taylor, 40, declined to reveal how much his company owed suppliers, when contacted by The Sunday Times in November.
But administrator Jeremy Nipps, from Cor Cordis, confirmed this week that at least $3.5 million is owed to creditors including landlords, suppliers, the Australian Taxation Office and a bank.
The figure includes…
Read the full article at: https://www.perthnow.com.au/news/wa/perth-restaurateur-scott-taylors-company-owes-creditors-35-million-ng-b88713439z
More layoffs{ }expected at Wal-Mart. (KATV photo)
LITTLE ROCK, Ar. (Talk Business & Politics) Wal-Mart Stores is again scaling back its corporate workforce as the retailer reportedly will eliminate its jewelry business and decrease the number of co-managers per store, and reduce areas such as direct-store-delivery receiving, according to persons familiar with the changes.
The reduction has been the norm for the retail giant who said a year ago it was continually looking for ways to run a leaner operation as it invests in e-commerce capabilities. Wal-Marts fiscal year ends Jan. 31 and the latest restructuring falls in line with the time frame when the company usually does scale back.
News of the pending layoff…
Read the full article at: http://katv.com/news/local/another-round-of-wal-mart-corporate-store-layoffs-expected
Too many of us react to the prospect of financial meltdown by sticking our heads in the sand.
Don’t be one of those people – here are some invaluable tips to help you regain control of your finances.
(Image: Studio EDJO)
There are estimated to be around eight million people who regularly miss bill payments in the UK.
But despite feeling overwhelmed by their predicament, just one in five end up actually seeking advice to resolve their problems, writes Mirror Online.
According to the Money Advice Service, 10 percent of the population could be suffering in silence with serious money problems, with young adults, people who rent their homes, large families and single…
Read the full article at: http://www.derbytelegraph.co.uk/news/derby-news/top-tips-you-out-debt-1051674