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Bankruptcy

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UPDATE 1-UK retailer Homebase to close 42 stores, affecting 1,500 jobs

LONDON, Aug 14 British home improvement retailer Homebase said on Tuesday it planned to close 42 stores, putting 1,500 jobs at risk, with new owner Hilco Capital seeking to reduce its cost base in a brutal trading environment.

UK retailer Homebase to close 42 stores, 1,500 jobs to go

LONDON, Aug 14 British home improvement retailer Homebase said on Tuesday it planned to close 42 stores, impacting 1,500 jobs.

Croatia's Agrokor first-half core earnings jump

ZAGREB, Aug 13 Croatian food producer and retailer Agrokor, which is in the process of being taken over by its creditors, reported a big rise in first-half core earnings on Monday, as cost cuts helped to offset lower revenues.

British department store House of Fraser to appoint administrators - BBC

LONDON, Aug 10 British department store House of Fraser will seek the appointment of administrators on Friday after negotiations with its investors and creditors failed to conclude in a "solvent solution", reported the BBC.

India arrests former Bhushan Steel MD over alleged fraud

NEW DELHI, Aug 10 Indian authorities arrested a former managing director of Bhushan Steel Ltd on Thursday over an alleged fraud, after a probe found billions of rupees had been siphoned off by the firm's founders from funds borrowed from state-run banks.

Basic Materials Aug 10 2018

UPDATE 1-Puerto Rico bond prices surge as restructuring deals struck

CHICAGO, Aug 9 Puerto Rico bonds rallied on Thursday, a day after the latest debt restructuring deal struck between the bankrupt U.S. commonwealth and its bondholders as well as a federal court ruling that affirmed the budgetary powers of an oversight board.

Puerto Rico bond prices surge as restructuring deals struck

CHICAGO, Aug 9 Puerto Rico bonds rallied on Thursday, a day after the latest debt restructuring deal struck between the bankrupt U.S. commonwealth and its bondholders as well as a federal court ruling that affirmed the budgetary powers of an oversight board.

Ireland's Henderson family agrees purchase of 50 Poundworld stores

LONDON, Aug 9 Ireland's Henderson family said on Thursday it had agreed to buy around 50 Poundworld stores, having struck a deal with the administrator of the collapsed British discount retailer.

Danish crop harvest to fall 40 percent due to drought

COPENHAGEN, Aug 9 Denmark's harvest of wheat, barley and rye could fall by about 40 percent from previous years as farmers suffer one of the hottest and driest summers on record, a lobby group said on Thursday.

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