Topic filter : Bankrupt

Most trending topics in Business & Finance ( last 24 hours ):
Debt Financial Regulator Holiday Flight Passenger Ryanair Bankruptcy Protection Bankrupt Toys R Us Private Sector Business Leader Artificial Intelligence Business Investment Investment Investor Supermarket Inflation Discount Aldi Lidl Bank Of England Migrant Worker Migrant Brexit Profit Fixing Estate Agent Airline Share Price Compensation Contract Investigation Credit Card Credit Card Netflix Growth Rate Central Bank Economy Global Economy Dispute Retailer

Socially Most Trending News

. Toys R Us has filed for bankruptcy protection in the US and Canada after running up $5bn (£3. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 07:35:56 AM
Total Trend count
80
Most trending on :
80
....Some of Toytown’s favourite characters are in trouble. The news that Toys R Us, the world’s biggest toy retailer, could be facing bankruptcy followed hot on the heels of the announcement from Lego, the world’s most profitable toy manufacturer, that the first half of this year had seen it suffer the first fall in global sales for more than a decade. ... [Read full article on Guardian ]
Saturday 16th of September 2017 11:04:25 PM
Total Trend count
41
Most trending on :
41
. Ryanair is preparing a binding takeover bid for Italy’s bankrupt airline Alitalia but has no interest in the ailing German carrier Air Berlin, according to its chief executive, Michael O’Leary. ... [Read full article on Guardian ]
Thursday 14th of September 2017 11:18:38 AM
Total Trend count
10
Most trending on :
9 1
.... He’s taking no responsibility for them,” she said. Rather than go into bankruptcy – risking her pension – Tracy is using a voluntary payment package with the help of Citizens Advice that helped to drop the interest on her borrowing. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:27:02 PM
Total Trend count
4
Most trending on :
3 1
....A year after Chappell bought the chain, it collapsed with the loss of 11,000 jobs and a pension deficit of as much as £571m. Green owned BHS for 15 years, until he sold it to Chappell, a former bankrupt with no retail experience. ... [Read full article on Guardian ]
Sunday 17th of September 2017 09:31:18 AM
Total Trend count
2
Most trending on :
2

Latest Finance News related to Bankrupt

Toys R Us files for bankruptcy in the US and Canada image
Source : Guardian [Read Article] Tuesday 19th of September 2017 07:35:56 AM
. Toys R Us has filed for bankruptcy protection in the US and Canada after running up $5bn (£3. ...
'They just kept topping it up' – how one credit card user fell £28,000 in debt image
.... He’s taking no responsibility for them,” she said. Rather than go into bankruptcy – risking her pension – Tracy is using a voluntary payment package with the help of Citizens Advice that helped to drop the interest on her borrowing. ...
Former BHS owner could face fine if the charges stick image
Source : Guardian [Read Article] Sunday 17th of September 2017 09:31:18 AM
....A year after Chappell bought the chain, it collapsed with the loss of 11,000 jobs and a pension deficit of as much as £571m. Green owned BHS for 15 years, until he sold it to Chappell, a former bankrupt with no retail experience. ...
Crisis in Toyland: how the shift online places our childhood favourites in peril image
....Some of Toytown’s favourite characters are in trouble. The news that Toys R Us, the world’s biggest toy retailer, could be facing bankruptcy followed hot on the heels of the announcement from Lego, the world’s most profitable toy manufacturer, that the first half of this year had seen it suffer the first fall in global sales for more than a decade. ...
Ryanair is preparing takeover bid for Alitalia, says Michael O'Leary image
Source : Guardian [Read Article] Thursday 14th of September 2017 11:18:38 AM
. Ryanair is preparing a binding takeover bid for Italy’s bankrupt airline Alitalia but has no interest in the ailing German carrier Air Berlin, according to its chief executive, Michael O’Leary. ...
Air Berlin cancels 100 flights after pilots call in sick image
Source : Guardian [Read Article] Tuesday 12th of September 2017 12:01:26 PM
. Air Berlin has been forced to cancel about 100 flights after an “unusually high number” of pilots called in sick, in what is believed to be a wildcat strike against possible redundancies at the bankrupt airline. ...
Can Macron and Merkel agree on how to fix the eurozone? | Barry Eichengreen image
Source : Guardian [Read Article] Monday 11th of September 2017 12:21:34 PM
.... Any adverse consequences would no longer spread to other countries, because their banks would no longer hold concentrations of government bonds. They would not bankrupt the EMF, which would be able to lend only in cases of illiquidity, not insolvency. ...
American Apparel founder Dov Charney: ‘Sleeping with people you work with is unavoidable’ image
.... This increasingly became a problem for consumers: in the early years “hipster” meant someone who wore vintage clothes and read Vice magazine, but as the decade progressed the term denoted someone who cared about ethical values, and Charney’s reputation was overshadowing the company’s record on workers’ rights. By the time Charney was finally sacked by the board of his own company, he’d had one of the most vertiginous rises and falls in the business world, and he went from having over $500m in stock options to bankruptcy. ...
Like fading powers of the past, Britain shows signs of being in terminal decline  | Will Hutton image
.... But too many English instinctively genuflect to that lazy “gentlemanly” superiority. So when he and his ilk dismiss the case for system change as “ socialist engineering” and instead lay the blame on welfare, European regulations (without being able to name any) and the moral bankruptcy of liberals who indulge everything from the work-shy to soft criminal sentences, they get an undeserved hearing. ...
Fidget spinners and Fingerlings help toy firm buck downward market trend image
Source : Guardian [Read Article] Friday 8th of September 2017 05:16:14 PM
....8bn) debt pile. Fling for bankruptcy is said to be among the options. ...
New M&S chairman faces tough task turning round high-street institution | Shane Hickey image
....Norman, a former Conservative MP, started as chairman last week and joins chief executive and M&S lifer Steve Rowe in the battle to reverse fortunes at the retailer, creating a formidable twosome at the top of the business. Shareholders will be hoping he can live up to the title of the “turnaround king” which he earned when he took Asda from close to bankruptcy in 1991 to become one of the “big four” supermarkets – and justify his salary which, at £600,000, is 30% more than his predecessor Robert Swannell. ...
Sir Philip Green threatening legal action against Frank Field MP image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:44:05 PM
....Last week Field told a radio programme that he has new information from the original investigation launched by the Pensions Regulator into the £571m BHS pension black hole left by the owners when the high street chain collapsed in April last year. But Green, who sold the chain for £1 to serial bankrupt Dominic Chappell a year before the retailer shut down, has said any disclosure of debt details would breach data protection and pensions laws. ...
Aberdeen joins councils raising money by selling bonds as cuts bite image
Source : Guardian [Read Article] Thursday 31st of August 2017 05:27:32 PM
.... Moody’s rates just five councils: Aberdeen, Warrington, Cornwall, Guildford and Lancashire. Joel Benjamin, a campaigner on council finances, said he believed a local authority could go bankrupt within the next decade. ...
Apple joins consortium in revised £14bn bid for Toshiba's chip business image
Source : Guardian [Read Article] Thursday 31st of August 2017 12:02:06 PM
....Alternatively, a combined Toshiba and Western Digital business could be almost as large as Samsung’s memory unit, giving it more negotiating leverage against Apple. Toshiba has been scrambling to sell its flash memory unit to cover billions of dollars in losses at its bankrupt US nuclear business, Westinghouse. ...
Santorini's popularity soars but locals say it has hit saturation point image
Source : Guardian [Read Article] Monday 28th of August 2017 03:07:24 PM
....But success has also brought suffering. Like the staggering debt load at the root of Greece’s long-running drama with bankruptcy, the tourism boom has amplified socioeconomic tensions and placed an intolerable burden on the island’s infrastructure. ...
RBS mistreated clients, leaked FCA report reveals image
Source : Guardian [Read Article] Friday 25th of August 2017 08:27:01 PM
....The GRG unit, which operated between 2005 and its closure in 2013, stepped in when companies which banked with RBS experienced financial difficulties. GRG, which was marketed by RBS as a turnaround specialist, has been accused of pushing some companies into bankruptcy so it could pick up their assets more cheaply. ...
Ex-BHS owner Dominic Chappell prosecuted by pensions regulator image
Source : Guardian [Read Article] Tuesday 22nd of August 2017 11:38:09 AM
....”. Green owned BHS for 15 years until he sold it to Chappell, a former bankrupt with no retail experience. ...
End of the checkout line: the looming crisis for American cashiers image
Source : Guardian [Read Article] Wednesday 16th of August 2017 09:00:35 AM
....The suburban shopping malls that hollowed out main streets in the 1970s and 80s have increasingly become hollow shells themselves, and more closures are expected. Headlines about America’s most recognized brands – Sears, Macy’s, RadioShack, Payless Shoes – have been dominated by store closings and bankruptcies. ...
How the crash discredited the Anglo-US democratic model | Will Hutton image
Source : Guardian [Read Article] Saturday 12th of August 2017 11:05:01 PM
....The consequences have been epic, particularly in Britain. The de facto bankruptcy of two banks – RBS and HBOS – and the impact on the rest of the system was to begin a credit crunch that triggered the longest and deepest recession since the 1930s. ...
Cowes Week sailing extravaganza spawns a renting boom in Isle of Wight image
....The high living of Cowes week contrasts sharply with everyday life on the island when the regatta, which is sponsored by peer-to-peer lender Lendy, packs up and leaves town. The Isle of Wight has one of the highest bankruptcy rates in the country with 38 out of every 10,000 adults declared insolvent last year. ...
Millions of eggs removed from European shelves over toxicity fears image
Source : Guardian [Read Article] Thursday 3rd of August 2017 10:52:41 AM
.... “If other retailers follow the example of REWE, then the disaster cannot be overlooked”, she said. “If this is temporary, it is still possible to catch up, but if it takes longer then the entire Dutch sector, including traders, is bankrupt. ...
Do your fellow Brits a favour. Stop going on holiday | Simon Jenkins image
Source : Guardian [Read Article] Thursday 3rd of August 2017 06:00:08 AM
.... Car-based, green-field housing estates should be banned in favour of urban densification. Such considerations as pressure on infrastructure and journeys to work are unknown to Whitehall’s intellectually bankrupt department for communities and local government. ...
Workers who lost tribunal rights should have the chance to pursue their claims | Letters image
.... If you have an income and apply for legal aid to properly fund your defence, you will likely be hit by a capital contribution order if you lose. Choose to self-fund and you’ll either risk bankruptcy, or go for the cheapest option. ...
Greek debt crisis: ‘People can’t see any light at the end of any tunnel’ image
....“There are 51 families who depend on us, and a lot of them feel desperate. OK, Greece has escaped bankruptcy, it has even dipped its toes in the markets again but, so what if its people have been left bankrupt in the process?”. ...
France isn’t heading for a belle époque, but its future looks better than Britain’s image
.... Consistent growth is something that has eluded the French ever since the financial crash, as one false start after another robbed the economy of whatever momentum it had. With Greek bankruptcy averted and the refugee crisis contained, at least in the view of the Brussels bureaucrats, France can grow again without hindrance while Germany and Spain maintain their stellar record of expansion. ...
Snatching money from care workers marks a new low for the Tories | Polly Toynbee image
....That caused panic in the sector, including among the 200 charities providing care to 178,000 people. They protested that they couldn’t even get a meeting with ministers to warn of the impending disaster of bankruptcies and closures. ...
Sixt took me for a ride over car hire cover image
Source : Guardian [Read Article] Sunday 23rd of July 2017 06:00:00 AM
.... It also claimed that French and German renters routinely hire cars in this way – apparently happy to risk a €20,000 bill if the worst happens and they crash the car or it is stolen. I find it very hard to believe that someone on holiday would want to accept such a risk: a sum that would bankrupt many of us. ...
Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
.... That said, most of America’s malls will close, he predicts. “When a specialty store goes bankrupt or closes in the Mall of America, the customer doesn’t notice it because the mall is able to lease the space quickly. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
.... As time went on, the opacity thickened: repayments from the council to the developer weren’t itemised, so it was impossible to tell whether they were servicing the debt or the maintenance contract. This remains the broad, systematic problem with PFI: that a hospital foundation trust, for instance, knows it’s going bankrupt but can’t see why. ...
Now we find out the real cost of austerity – our lives cut short | Owen Jones image
....”. Is there any clearer evidence of how utterly bankrupt our social order is? Human and social progress is grinding to a halt in Britain. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
....In a damning report into the collapse of BHS, MPs criticised Grabiner as the “apogee of weak corporate governance” who was “content to provide a veneer of establishment credibility to the group while happily disengaging from the key decisions he had a responsibility to scrutinise”. Grabiner, a barrister, insisted to MPs that he had been a “responsible” chairman, despite not being invited to a key board meeting that discussed the sale of BHS to a group led by Dominic Chappell, a former bankrupt, for £1. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
....The apartment block is emblematic of Ireland’s ability to move on from its past. It is being built on the site of two hotels in the city’s Ballsbridge area bought in the boom years by a now bankrupt builder for €400m and sold on by Ulster Bank to Chartered Land and the Abu Dhabi sovereign wealth fund for €170m. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
....3%), giving it a market value of £47m. Three years ago, the retailer was floated at 200p a share by its owner, the US hedge fund Elliott Advisors, with a market value of £340m, after being rescued from bankruptcy two years earlier. ...
Central banks are ending policies like QE – but they'll be back | Nouriel Roubini image
.... For starters, zero inflation and persistent periods of deflation – when the target is 0% and inflation is below target – may lead to debt deflation. If the real (inflation-adjusted) value of nominal debts increases, more debtors could fall into bankruptcy. ...
Detroit is 'booming' again. You have to be rich and powerful to notice, though | Bankole Thompson image
....”. Smith’s prognosis of the ever-widening gap between the rich and poor, and the fact that national wealth doesn’t necessarily bring an end to mass economic desolation, aptly describe the current state of Detroit, a major American urban city that is now heralded as a “shining city upon a hill” after its 2014 emergence from the first municipal bankruptcy in US history. ...
The ‘sub-prime’ market is back in business image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
. The “sub-prime” mortgage sector shut down following the financial crisis in 2007-08, but brokers say more and more lenders are returning to the market – with some willing to lend to people who were bankrupt as little as a year or so ago. ...
Russia's future looks bleak without economic and political reform | Kenneth Rogoff image
....The shock to the real economy has been severe, with Russia suffering a decline in output in 2015 and 2016 comparable to what the United States experienced during its 2008-2009 financial crisis, with the contraction in GDP totalling about 4%. Many firms went bankrupt, and in 2016 the International Monetary Fund estimated that almost 10% of all bank loans were non-performing (a figure that surely understates the severity of the situation). ...
Green's 'main purpose' in BHS sale was to avoid pension liability, says watchdog image
....The department store collapsed in April 2016 leading to the loss of 11,000 jobs and leaving a pension deficit assessed at up to £571m. Just under a year before that Green had sold the business for £1 to a former bankrupt with no experience of retail. ...
Central banks raise alarm over new crash after steep rise in lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....25%, but have reservations about the knock-on effect to countries that have borrowed excessively in dollars. The rising cost of borrowing in dollars is widely expected to increase bankruptcy rates in countries such as Turkey and Brazil, where private companies have expanded quickly using dollar-denominated debt. ...
Creditors agree terms to disburse Greece's €8.5bn bailout funds image
Source : Guardian [Read Article] Friday 16th of June 2017 12:05:16 AM
....Without that, Athens is unlikely to achieve market access any time soon – a negative sign for investors who would view the country’s return to capital markets as evidence that after eight years of economic crisis and gruelling austerity the worst is behind it. Outside investment is seen as vital to Greece recouping some of the 27% loss in GDP it has suffered since its ordeal through bankruptcy began. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
....Beyond that he has, presumably wittingly, “surrounded himself with some of the world’s most expert crisis profiteers”. Men who have made billions out of meltdown and financial crisis, such as Wilbur Ross, the “king of bankruptcy” who is now secretary of commerce, or the various crash-plutocrats recruited from Goldman Sachs and elsewhere. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
.... Evans’ boss, Fiona Ross, Burton’s managing director, Wesley Taylor, and Miss Selfridge’s creative director, Yasmin Yusuf, have also left in recent months. Taveta’s pre-tax profits were hit by £129m in one-off charges including £26m in legal fees, redundancies and other costs linked to BHS, which collapsed last April, about a year after Green sold it for £1 to investors led by former bankrupt and racing driver Dominic Chappell. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
....Sir Philip Green’s fashion empire suffered a 16% fall in profits last year as the billionaire’s Topshop-to-Miss Selfridge group struggled with difficult trading on the high street. The drop in profits caps a torrid 12 months for the Monaco-based businessman, who was hauled before MPs following the collapse of BHS, which he sold to a group led by a former bankrupt for £1. ...
Compensation at last for Britons burned by Spain’s property crash image
....After years of legal wrangling and setbacks, British homebuyers who were caught cold by the Spanish property market crash are finally beginning to recoup the millions they paid for holiday homes that were never built. A ruling in Spain’s supreme court in December 2015 opened the way for an estimated 130,000 Britons to claim directly from the banks rather than property developers, who promptly declared themselves bankrupt. ...
'Reduce business rates' image
Source : BBC [Read Article] Wednesday 31st of May 2017 12:05:30 AM
Three Mile Island to close 40 years after nuclear accident image
Source : BBC [Read Article] Tuesday 30th of May 2017 09:52:04 PM
....While citizens were frightened by TMI, so too were investors. The accident happened after just three months of commercial operation causing the plant owner to go bankrupt. ...
Aston Martin roars back into profit for the first quarter image
Source : BBC [Read Article] Wednesday 24th of May 2017 03:56:30 PM
.... . The company has gone bankrupt seven times in its history. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
. The chair of the bank that almost bankrupted Ireland has walked free from a Dublin court after being acquitted of misleading auditors about multimillion-euro loans. ...
Sean FitzPatrick cleared as Anglo Irish trial collapses image
Source : BBC [Read Article] Tuesday 23rd of May 2017 01:04:32 PM
....4bn). He was declared bankrupt in 2010. ...
Dementia news: The medical and financial benefits of power of attorney image
Source : Daily Express [Read Article] Wednesday 17th of May 2017 12:01:00 AM
.... . “Attorneys must be over 18 and must not be bankrupt. ...
Troubled Toshiba misses annual results deadline image
Source : BBC [Read Article] Monday 15th of May 2017 04:54:42 AM
....Problems came to a head again in January this year, when it became clear its US nuclear unit, Westinghouse, was in financial trouble. Westinghouse was put into Chapter 11 bankruptcy in March, which protects it from creditors while it undergoes restructuring. ...
Hanging up the microphone image
Source : BBC [Read Article] Sunday 7th of May 2017 11:23:22 PM
....Within five years it had more than 400 restaurants across the US, Canada, the Middle East and Asia, and was so well-known in the US that it was even the central focus of one episode of hit comedy show Seinfeld. However, the chain had over-expanded, and in 1998 had to file for bankruptcy protection. ...
UK tourists hit by booking scams up by nearly a fifth image
Source : BBC [Read Article] Sunday 7th of May 2017 11:47:58 AM
....More than a quarter of those affected said the scams had a significant impact on their health or finances. About 260 people said they needed medical treatment as a result, or were at risk of bankruptcy, according to Action Fraud, the UK's national fraud and cyber crime reporting centre. ...
Breaking brands image
Source : BBC [Read Article] Saturday 6th of May 2017 11:46:31 PM
....At least Theranos is still in existence, not so the US media and celebrity news website Gawker. It filed for bankruptcy protection last year to avoid paying damages having lost a $140m lawsuit brought by former wrestler Hulk Hogan, after it published a video of him having sex with the wife of a friend. ...
Will your travel insurance cover you if an airline goes out of business? image
....Travellers booking expensive flights for later in the year have been warned that too many insurers are still failing to offer scheduled airline failure (SAF) cover. Earlier this week the Italian airline Alitalia started bankruptcy proceedings, and while it continues to operate, the news it has entered administration has prompted a renewed focus on how many travellers are covered if the worst happens. ...
Retail Acquisitions, which bought BHS for £1, heads for liquidation image
Source : Guardian [Read Article] Thursday 4th of May 2017 12:17:13 PM
....Retail Acquisitions, the former owner of the collapsed BHS, is on the point of liquidation, potentially helping investigations into the demise of the department store chain. The group, which bought BHS for £1 in 2015 and was fronted by former bankrupt Dominic Chappell, has been accused of extracting an estimated £17m from BHS despite owning it for just 13 months before it went into administration in 2016. ...
'My parents want to help me but can't': readers on affording their first home image
....Charlotte, 19, Northampton: I can see how much it hurts my parents knowing they cannot help. I can’t ask my parents for help as neither have any savings after they experienced health problems and bankruptcy. ...
'Toughen the laws on bankruptcy' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 03:59:51 PM
...
Related to :
Italy's ​Alitalia to enter administration after staff reject rescue deal image
.... Flight schedules will continue unchanged in the meantime. It has ruled out renationalising Alitalia, which was privatised and relaunched in 2008 after filing for bankruptcy protection earlier that year. ...
Alarm sounded over delays to develop UK mini nuclear reactors image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 10:58:50 AM
....The company is competing with Chinese state firm CNNC, US firm NuScale and the US-Japanese partnership GE-Hitachi. Toshiba’s US nuclear arm Westinghouse was also among the bidders but is now unlikely to proceed after filing for bankruptcy in March. ...
Bankruptcy risk as ‘desperate’ councils play the property market image
Source : Guardian [Read Article] Saturday 29th of April 2017 10:10:17 PM
.... One option – popular in the last couple of years – has been to borrow from the Treasury-run Public Works Loan Board (PWLB) at very low rates of interest and then use the money to invest in commercial property ventures that offer returns of as much as 8%. But there are fears that the strategy is creating a bubble that could bankrupt some local authorities. ...
Personal insolvencies soar to highest level in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 02:34:07 PM
....”. At 59%, individual voluntary arrangements accounted for the majority of personal insolvencies in the first quarter, while debt relief orders made up a further 25% and bankruptcies accounted for 16%. ...
General Motors loses Supreme Court appeal over car faults image
Source : BBC [Read Article] Monday 24th of April 2017 09:06:53 PM
....General Motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches. The US Supreme Court, the top US court, will not hear the carmaker's appeal, which argued that its 2009 bankruptcy protected it from the claims. ...
Sir Philip Green could still lose knighthood, says MP image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:54:50 PM
....The billionaire boss of Arcadia, notorious for his superyachts and lavish parties, made a voluntary personal cash payment of £343m towards improved benefits to the pension scheme members, and made available an additional £20m towards implementation costs. It came after the Topshop owner was grilled by MPs over the sale of the chain, which he owned for 15 years before offloading it for £1 to the former bankrupt Dominic Chappell in 2015. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
....Trump may have fronted the announcement of an investigation into whether foreign imports of steel compromise US national security, but for Ross the ruinous impact of cheap imports is a wound that he has struggled to close for almost two decades. It was in the early 2000s that the former bankruptcy specialist made his most notable coup, bringing together LTV Steel, Acme Steel and Bethlehem Steel under the name International Steel Group. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
Dortmund attack: man arrested on suspicion of share-dealing plot image
Source : Guardian [Read Article] Friday 21st of April 2017 04:36:02 PM
....The German interior minister, Thomas de Maizière, on Friday described the attack as “driven by a particularly abominable form of greed”. Borussia Dortmund, whose club name references the New Latin word for Prussia, became the first German football to float on the stock market in 2001 – an experiment that brought the club to the brink of bankruptcy. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....Sports Direct has drawn fire from analysts after it entered the US market by buying two loss-making chains for $101m (£78m). The retailer said on Friday it had received approval from Delaware bankruptcy court to buy 50 stores trading as Bob’s Stores and Eastern Mountain Sports through the bankruptcy process of Eastern Outfitters, the chains’ parent company. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
.... . Nicholas Hyett, equity analyst, Hargreaves Lansdown said Sports Direct had picked up a "bargain out of bankruptcy proceedings". ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... Under Wright’s leadership, the committee has done what it’s supposed to do: selected a few juicy bones and chewed for all it’s worth. The grubby tale of Green’s sale of BHS to a thrice-bankrupt retailing novice was illuminated when the business committee, alongside Frank Field’s work and pensions committee, summoned the main players and called for documentary evidence. ...
Did you lose your job when BHS went into administration? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:44:09 PM
.... This is a better outcome than if the BHS pension scheme had entered the Pension Protection Fund, a lifeboat for failed pension schemes, where workers would have received an estimated 75% to 79%. The 88-year-old retailer failed when it ran out of money a year after it was sold by Sir Philip Green to the serial bankrupt Dominic Chappell for £1. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
....BHS went into administration on 25 April 2016 with the loss of 11,000 jobs. The 88-year-old retailer failed when it ran out of money a year after it was sold by Sir Philip Green to the serial bankrupt Dominic Chappell for £1. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
....Want more proof of zombies? Not a single publicly-listed Japanese firm went bust last year. In fact, overall bankruptcies have fallen for eight years in a row. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
....Rebel Brewing was bought out of administration and is up and running again, but Lowe is not involved. Another brewer, who asked not to be named, fears he will end up in bankruptcy court after his business failed, causing friction with family and friends. ...

Page rendered in 2.2373 seconds.