Group net fees for the full year declined 8% YoY , demonstrating resilience against COVID-19 s impact and the continued recovery of the underlying business in H2.
Full year adjusted profit before tax of £30.1 million (2019: £59.1 million).
Significant sequential improvement of underlying Group performance in the second half.
Contractor order book stabilised
Productivity per head up 4% in H2 YoY
Continued market share gains in the USA, Germany, the Netherlands and the UK despite disruption, in line with 2024 strategic ambitions.
Contract net fees demonstrating resilience, down 7% . Contract represents 76% of Group net fees (2019: 74%) in line with strategic focus.
Permanent net fees also showing resilience, down 13% .
Codere defers debt note duties until 2023 Share
The creditors of
Codere SA have allowed the Spanish gambling group to renegotiate the terms of its senior secured debt notes.
The
Bolsa Madrid gambling group has been allowed to defer its debt maturity payments from 2021 to 2023 as part of the firm’s ongoing restructuring arrangements.
Back in July, company creditors had allowed Codere to access a further €250 million credit line, keeping the embattled firm’s South American business units afloat during Covid lockdown.
The firm’s credit lifeline was extended on the condition that Codere accepted a debt tranche interest of 12.75% – double the rate of interest paid on its long-standing corporate debt of €800 million.
UK Court Gives Malaysia Airlines Green Light for Creditors Meeting
(22 Jan 2021) Malaysia Aviation Group has received approval from a court in the UK to proceed with a major component of the group s comprehensive restructuring.
In September 2020, the group decided to embark on a holistic restructuring aimed at resizing the business so that it could emerge sustainably profitable in the long-term as Malaysia’s flag carrier with a stronghold in Asia-Pacific and an improved short-haul business model in ASEAN.
The group has since been in active discussions with key stakeholders and has managed to obtain what it described as overwhelming support to carry out its restructuring after
KUALA LUMPUR: Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has successfully obtained the approval from the UK Court to proceed with a major component of the comprehensive restructuring of the group.
OBRASCÓN HUARTE LAIN, S.A. ( OHL or the Company ), pursuant to article 226 of the consolidated text of the Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October, hereby notifies the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores) ( CNMV ) the following
INSIDE INFORMATION NOTICE
The Company informs that, in order to improve the financial situation of the Company together with its direct and indirect subsidiaries (the Group ), it is pleased to announce that Forjar Capital, S.L.U. and Solid Rock Capital, S.L.U., which are controlled by Mr. Luis Fernando Martín Amodio Herrera and Mr. Julio Mauricio Martín Amodio Herrera (the Amodio Shareholders ) and Grupo Villar Mir, S.A.U. ( GVM and, together with the Amodio Shareholders, the Key Shareholders ) and a certain group of holders of the Senior Notes (as defined below) issued by the Company composed of Beach Point Capital Management LP, Marathon Asset Managem