Embattled broadcaster Network 10 is facing “serious turmoil” amid failing programs, sliding ratings, an ad revenue crisis, and a messy ownership battle at its American parent company. News today that glitzy reality series The Masked Singer and major franchise The Bachelor have been axed is the latest sign of theContinue Reading
A civil construction company has gone bust, leaving millions in unpaid debts and dozens of workers out of a job. Mainscarf, which trades as Hansen Constructions NQ, fell into voluntary administration on January 3, with administrators David Stimpson and Michael Brennan of SV Partners appointed to take control of theContinue Reading
The trading of debt-riddled property behemoth Evergrande has been halted on the stock market exactly a month since it relisted. On Thursday afternoon AEST, the Chinese property developer entered into a trading halt, according to the Hong Kong stock exchange. At the time of the close, its shares were tradingContinue Reading
The woes of debt-ridden Chinese property giant Evergrande just got a whole lot worse after 87 per cent of its market value was wiped away in less than a month. Of that, 25 per cent was lost in a single day, on Monday local time, following some bad news forContinue Reading