Summary
RPT-UPDATE 1-Babcock says assets worth less than debt, equity Reuters - AX), which is in talks to refinance short-term debt, confirmed on Wednesday that its assets as of the end of last year were worth much less than its debt ... Babcock in ‘Substantial’ Negative Net Asset Position B&B in debt for equity swap bid to woo backers Babcock & Brown predicts 'substantial' write-downs |
MSN Money UK | Finance heads look to take advantage of cheap assets WalesOnline, United Kingdom - Ian Stewart, UK economist and director at Deloitte, added: “2009 is set to be a year of debt reduction, even if that requires a dividend cut. ... Dividends cut back to reduce debts Businesses 'focus on survival' Finance chiefs fear lending drought |
![]() 24dash | Debt timebomb 'set to explode' The Press Association - More than one in eight people have sought advice on debt after struggling to keep up with their repayments, a survey has showed. Around 13% of people said ... Majority of people concerned about their debts One in eight seek debt advice MoneyExpert.com: Credit crunch leaves people asking for help with debt |
![]() BBC News | Osborne wants UK to kick its ‘debt addiction’ WalesOnline, United Kingdom - “We need to put the economy on a sustainable level by kicking this addiction to debt and start saving again. “In the short term, what we’re talking about is ... Conservatives call for 'economy rebalance' |
Billing Services pays more debts ShareCast, UK - It now has $91m of total outstanding senior debt. “Over the course of one year, the company has reduced its senior debt by $21.5m, or 19%, from the original ... |
![]() Fresh News | Black’s Apollo Said to Be Among Lenders in Lyondell Bankruptcy Bloomberg - Apollo, TPG Inc. and Blackstone Group LP’s GSO Capital Partners were among buyout firms that bought high-yield, high- risk debt last year at discounted ... US arm of LyondellBasell goes into Chapter 11 bankruptcy protection LyondellBasell US units file for bankruptcy LyondellBasell: Chapter 11 an option if debt talks fail |
![]() stv.tv | Debenhams Rises Most Since 2006 on Improved Sales, Lower Debt Bloomberg - Concern about the retailer’s ability to repay debt contributed to last year’s 69 percent plunge by the shares. A decline in sales at stores open at least a ... Debenhams: what the analysts say Debenhams Xmas sales 'creditable' Debenhams bolstered by upbeat trading data |
2008: The year that personal debt rose by £1 million every 10 minutes Debt Management Today, UK - The latest debt statistics from Credit Action have proved an alarming read, highlighting just how deep in debt Britons really are. According to the charity, ... UK personal debt tops £1.45trn MoneyExpert.com - Personal debt 'forges ahead' in UK - 05/01/2009 Personal debt nears £1.5 trillion |
![]() BBC News | Wedgwood’s mountain of debt shatters 250 years of history Times Online, UK - It has debts of €449 million (£415 million) and had been trying to raise cash from investors since the summer. Wedgwood – best known for its bone china ... Waterford finally cracks under debt burden as flaws exposed Debt-hit Wedgwood slides into curatorship Waterford Wedgwood collapses under debts |
Times Online | Bailiffs and bankruptcy become common currency of council tax Times Online, UK - With council tax bills doubling since Labour came to power, more homeowners are struggling to meet monthly payments and are falling into debt. ... Council tax forces thousands of vulnerable families and pensioners ... Tax debt tactics unveiled Thousands bankrupted over unpaid council tax |