KPMG has been appointed to restructure the debts of regional newspaper group
The immediate task is to refinance Johnston’s bank facilities which are due
to expire in September 2010.
Like many media outlets, the publisher of the Scotsman and the Yorkshire Post
has suffered a sharp decline in advertising revenue in line with slower UK
The group says its focus is on cutting costs and repaying debt. Net
borrowings stood at £465m last November.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies