Greensill Capital's UK business had $17.7 billion in assets under management at March 8, of which $3.7 billion has been collected as of April 16, its administrators Grant Thornton said on Friday. The supply chain finance firm, which lent money to firms by buying their invoices at a discount, collapsed in March 2021 after insurers pulled their cover. The administrators proposed in a statement that the administration would end with the voluntary liquidation or dissolution of Greensill Capital UK and Greensill Capital Management UK, after a sale attempt fell through earlier this year.
A group of homeowners recently won a large payout from Network Rail after Japanese Knotweed spread onto their property from a nearby train track.
Cinemark has reached new agreements with the five major studios that could help formalize a shorter theatrical window. Terms of the deal were not disclosed, but it comes as COVID-19 has reshaped the amount of time that films show exclusively on the big screen before making their home entertainment debuts. The company signed a deal […]
Canada lost more jobs than expected in April, with the declines driven by coronavirus restrictions in populous Ontario, Quebec and British Columbia, while the unemployment rate rose, Statistics Canada data showed on Friday. "Full-time jobs took a heavier hit during April than they did amid the second wave restrictions," said Doug Porter, chief economist at BMO Capital Markets.
The Muppets are ghosting Disney Plus, and it’s a good thing: Kermit the Frog, Miss Piggy, Gonzo, Pepe the King Prawn and the rest of the puppet pals will star in their first-ever Halloween special “Muppets Haunted Mansion,” dropping this autumn exclusively on Disney Plus. The special promises to feature a star-studded Muppets cast, likely […]
WrapPRO’s annual executive compensation survey finds that not everyone who took pay cuts made less money in 2020 Taking a pay cut during the pandemic meant something very different for Hollywood and tech CEOs than for the rest of us. Last year, while the pandemic was spiraling out of control and bludgeoning the industry’s bottom line, many media companies like Fox, Comcast, Disney and struggling movie theater chains like AMC and Cinemark put out slick press releases about how their top execs were cutting – or in some cases forgoing – their salaries to help weather the financial storm. Now that we’re in 2021, we can see just how their pockets were affected, or not. In a word, CEOs were all still more than handsomely compensated for their work last year. For most, the pay cuts only meant they weren’t taking their salaries, which is a small fraction of their full compensation packages, mostly made up of stock and option awards, as well as bonuses. While it is true that the top executives over at Fox, Comcast and Disney did make less money compared to 2019, others actually saw their pay increase despite lower salary. AMC’s Adam Aron and Cinemark’s...Read original story Executive Pay 2021: COVID Hammered Hollywood’s Bottom Line – But Not Top CEO’s Wallets At TheWrap
Massachusetts senator Elizabeth Warren joins ‘Influencers’ to discuss the need for taxes and regulations on corporate America.
The show has run for three series and one celebrity edition.
The Asian Development Bank will stop financing new coal power plants under a draft energy policy released Friday that was cautiously welcomed by environmental groups.
Spot iron ore broke $200 (£143) a tonne for the first time, while copper, which is seen as a bellwether of the health of the global economy, hit more than $10,200 per tonne in London on Friday.
Stock futures advanced Friday morning as investors awaited a key report on the state of the U.S. economic and labor market recovery.
France will have to observe a two-week isolation period before July's three-match Test series in Australia, the French Rugby Federation's vice-president Serge Simon told AFP on Friday.
GEORGE TOWN, May 7 — The intensive care units (ICUs) to treat critical Covid-19 cases at government hospitals in Penang are almost full, said Penang Chief Minister Chow Kon Yeow. He said the Health...
A clever example of creativity thriving within the strict protocols of the coronavirus pandemic, tense confinement thriller “Oxygen” plays like “Buried” in outer space: a ticking-clock sci-fi survival drama centered on a single character (“Inglourious Basterds” star Mélanie Laurent) trapped in a spiffy, coffin-like cryochamber with critically low reserves of breathable air. The blank-brained “bioform” […]
JOHOR BARU, May 7 — Johor Parti Amanah Negara (Amanah) today criticised the state’s PAS chapter over the recent issue of political appointments concerning the state administration. Its...
The Bank of England does not expect to see a wave of bankruptcies among British firms when the government ends its coronavirus emergency support for the economy, BoE Chief Economist Andy Haldane said on Friday. Many debts racked up recently by companies are spread over long durations "which increases the chances of them being able to be paid back and therefore bankruptcy is not picking up very much from current relatively subdued levels," Haldane said. "But ultimately there are risks around that and we'll need to track them through," he said in a presentation to businesses, a day after the BoE sharply raised its forecasts for British economic growth in 2021.
Firefighters in London said they were called early on May 7 to a fire burning across three floors of a 19-story apartment block near Canary Wharf.Around 125 firefighters and 20 fire engines attended the fire at New Providence Wharf in east London.Parts of the eighth, ninth and 10th floors were on fire, the London Fire Brigade said. Ambulance crews said they were treating “a number of people”.Residents have been campaigning since the 2017 Grenfell Tower disaster to have ACM cladding removed from the development’s buildings. A resident who spoke to the BBC described the cladding as dangerous and “Grenfell like”. Credit: Clarice Lin via Storyful
Labour's Hartlepool candidate Dr Paul Williams walked off after losing the seat without making any kind of speech, prompting some to criticise his lack of grace.
The estimated reproduction "R" rate in England has dipped to between 0.8 and 1, Britain's health ministry said on Friday, but the epidemic might be shrinking a little less quickly than before. An R value between 0.8 and 1.0 means that, on average, every 10 people infected will infect between 8 and 10 other people.
The first results in crucial elections for the Scottish parliament which could determine the future of the United Kingdom began to be announced on Friday with mixed outcomes for Scotland's main pro-independence party. The opposition Liberal Democrats won Orkney, an archipelago of islands in the north of Scotland, with a majority of 3,869, down from the last election in 2016 in the first declared result. The ruling Scottish National Party, who are pushing for another referendum, increased their share of the vote to 29% from 24% at the last election.