Whcw Denial and disgrace: Here rsquo everything that rsquo happened at Sports Direct over the past year

Monday 07 April 2014 7:36 pmTop bondholder group will polene fr back Punch debt planBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleINDEBTED pub chain Punch Taverns has finally secured support from bondholders for its plan to push back any upcoming default and extend the window of negotiatio stanley cup uk ns for restructuring its pound;2.3bn debt.Senior bondholders said they would support the extension until 29 August in order to agree a restructuring of the debt by the end of June.While progress has been made, further time will be required to finalise the proposals with stakeholders and to permit stakeholders and their advisers to review and comment on the documentation necessary to implement them, said Punch, whose growing debt mountain has caused its market value to collapse 85 per cent over the past three years as it struggled to find a polene solution with its noteholders.Previously bondholders had criticised Punchrsquo proposals and lack of consultation with them, but the recent appointment of independent directors for both the Punch A and Punch B vehicles, in which Punchrsquo debt is held, is understood to have improved negotiations. The Association of British Insurersrsquo; ABI senior bondholder committee, which holds a blocking stake in both Punch A and Punch B, said it intends to vote in favour of the extraordinary resolutions in respect of their holdi Odvx Shore Capital admits it may suffer full year loss

Friday 07 January 2011 6:49 am|Updated:Friday 31 May 2019 3:42 amEuro Zone growth slows more than expectedBy: John DunneShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleEuro zone economic growth slowed more than expected in the third quarter against the previous three months, revised data from the European Unionrsquo statistics office Eurostat showed.E stanley at urostat said gross domestic product in the 16 countries using the euro grew 0.3 per cent in the third quarter against the April-June period, rather than 0.4 percent as reported previously. Year-on-year growth was unchanged at 1.9 per cent.Eurostat confirmed that household consumption, government spending and net trade contributed 0.1 percentage point each to the overall result.Inventories, which in the previous Eurostat report did not contribute to growth, were revised to have added 0.1 percentage point, while investment, also previously with no impact on the final figure, subtracted 0.1 percentage point.Eurostat confirmed German third quarter growth at 0.7 per cent in stanley germany quarterly terms, but revised upwards Italian growth to 0.3 per cent from 0.2 per cent and the Dutch economy was flat rather than in a 0.1 percent quarterly contraction. But Greece had a 1.3 percent recession, rather than the 1.1 percent previously repo owala water bottle rted, and Portugalrsquo growth was 0.3 percent rather than 0.4 percent.Also French growth was 0.3 per cent ra