Debt holders take control of Travelex in return for £84m injection
8th Jul 2020 06:59
(Sharecast News) - Foreign exchange company Travelex has agreed to a deal that will see its lenders take full control of the business in return for a debt restructuring and £84m cash injection, the company's parent Finablr said.
Read moreNMC Health requests delisting of shares
27th Apr 2020 09:50
(Sharecast News) - NMC Health has asked for its shares to be removed from trading on London Stock Exchange after the scandal-ridden company was suspended two months ago.
Read moreNMC administrators sack old board, bring in new non-execs
14th Apr 2020 08:04
(Sharecast News) - New administrators at troubled Gulf hospital operator NMC Health threw out the old board and brought in four new non-executive directors to handle the group's restructure.
Read moreNMC Health placed in administration
9th Apr 2020 15:37
(Sharecast News) - Beleaguered Gulf hospital operator NMC Health was placed in administration on Thursday after one of its largest creditors took legal action.
Read moreFinablr appoints adviser to examine future options
9th Apr 2020 07:58
(Sharecast News) - Travelex owner Finablr said it had appointed Houlihan Lokey to advise on options for the company including a debt restructuring, capital raise or asset sale.
Read moreNMC Health expects to enter administration
8th Apr 2020 07:33
(Sharecast News) - Healthcare company NMC Health on Wednesday said it expected to be placed into administration after failing to reach agreement with its creditors.
Read moreNMC Health trying to fend off administration move by ADCB
6th Apr 2020 07:17
(Sharecast News) - Beleaguered Gulf hospital group NMC Health said it was trying to get Abu Dhabi Commercial Bank (ADCB) to withdraw a legal application proposing that NMC be placed under administration.
Read moreSunday newspaper round-up: Next, Water giants, NMC Health
5th Apr 2020 20:39
(Sharecast News) - Fashion retailers and their suppliers are braced for a massive shake-out of the industry as an estimated £10bn of clothing piles up in warehouses during the coronavirus lockdown. Retail insiders said major firms including Primark, Peacocks, Arcadia and Next had all stopped taking deliveries to their warehouses because they had no more room. Numerous poorer performing retailers, including Debenhams and vintage-inspired retailer Cath Kidston, are on the verge of collapse. - Guardian
Read moreEY quits as Finablr auditor over governance concerns
30th Mar 2020 07:15
(Sharecast News) - Travelex owner Finablr said Ernst & Young (EY) had quit as its auditor over concerns about corporate governance at the troubled foreign exchange firm.
Read moreNMC Health says debt up $1.6bn, finds $50m in undisclosed cheques
24th Mar 2020 10:00
(Sharecast News) - Troubled Gulf hospital operator NMC Health revealed its debts had now increased to $6.6bn from $5bn and investigations had discovered $50m in cheques written as security on loans for unnamed "third parties".
Read moreFinablr in urgent cashflow review due to NMC and coronavirus
12th Mar 2020 07:39
(Sharecast News) - Finablr shares plunged by a third after the owner of Travelex said it was reviewing its liquidity and cashflow urgently under pressure from the NMC Health scandal and the coronavirus outbreak.
Read moreNMC Health identifies additional $2.7bn in debt
10th Mar 2020 18:22
(Sharecast News) - NMC Health said on Tuesday that its debt was "materially" higher than previously reported.
Read moreFTSE 250 movers: Finablr wacked on account of NMC, Premier Oil lower
10th Mar 2020 14:53
(Sharecast News) - Payments and foreign exchange platform Finablr was the worst performer on the second-tier index after UAE-focused hospital operator, NMC Health, disclosed, shortly before the close of trading, that its debt pile was nearer the $5bn mark and not the $2.1bn that it reported on 30 June 2019.
Read moreKingfisher, TUI and NMC Health drop out of FTSE 100
5th Mar 2020 11:14
(Sharecast News) - Kingfisher, TUI and NMC Health have dropped out of the FTSE 100 in the index's quarterly reshuffle.
Read moreNMC founder Shetty considers Neopharma sale - report
3rd Mar 2020 15:21
(Sharecast News) - NMC Health's founder Bavaguthu Raghuram Shetty is considering selling his Neopharma business to repay debt, Bloomberg reported.
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