Archive for restructuring

Cattles given six months’ grace on debts

Cattles the ailing subprime lender has been given six months’ breathing space to restructure after missing a deadline to repay £500m of debt.

Archie Norman: the exAsda boss who saves businesses on the shelf

No one could accuse Aurigo Management’s Archie Norman of being an underachiever. At 55 the one time Tory MP and exAsda boss has been dubbed the turnaround king – a title once again ripe in times of recession.

FSA to add two new divisions in ‘radical’ overhaul says chief executive Hector Sants

The Financial Services Authority is to be restructured an overhaul that Hector Sants the chief executive says will complete the “radical internal reforms” he initiated.