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Headlines
XTL Biopharmaceuticals Faces Liquidation of Web Data Subsidiary After Insolvency Ruling
An Israeli court formally opened insolvency proceedings on Feb. 22 for XTL Biopharmaceuticals’ wholly owned subsidiary The Social Proxy Ltd., concluding that the unit is insolvent and has no reasonable prospect of economic…
Thames Water Creditors Take Rescue Deal to Ratings Firms for Nod
Thames Water’s senior creditors are seeking approval from ratings agencies for a crucial rescue plan that would prevent the ailing utility from slipping into insolvency, Bloomberg News reported. A proposal to inject billions of…
U.K. Student Loan Crisis Spreads to Property as Accommodation Giant Hit
More than £300m has been wiped off the value of Britain’s biggest university accommodation provider as the student loan crisis starts to grip landlords, The Telegraph reported. Shares in student property giant Unite dropped by as…