| Best Debt Consolidation Service Opens Its Doors
A new debt consolidation service called Best Debt Consolidation has started taking on clients in the UK. The new service is an online response to the massive surge in people seeking help with their finances, and in particular their borrowing, which is out of control for a significant percentage of households. The new service can write off 60 percent of personal debt immediately, under recent government laws. (PRWEB) November 1, 2007 -- Best Debt Consolidation has been created to meet the needs of the thousands of individuals and families in the UK who look for help with their finances every week. In many cases their borrowing is out of control. For some people, this is a culmination of years of borrowing against the rising value of their property, while their earnings have not kept pace with the demands of their repayment
obligations.
Retail Food raising $44m
QUEENSLAND-based Retail Food Group has announced details of its $44 million capital raising to help fund the recent acquisition of Michel's Group on the heels of the Brumby's purchase. Retail Food has received commitments for a placement of 24 million ordinary shares at $1.85 per share to raise $44.4 million before costs. Participants in the placement represent a range of institutional and private investors with all existing institutional shareholders taking part. RFG chief executive Tony Alford said funds raised would go toward the Michel's acquisition and also pay down debt associated with the recent purchase of Brumby's. "We are extremely pleased with the significant interest and response received in connection with the placement and the good support the company has recently enjoyed in respect of its industry consolidation aspirations and acquisition activity," he said.
(AFX UK Focus) 2007-11-14 04:42 GMT: OUTLOOK Sacyr 9-mths net boosted by Repsol contribution; focus on Eiffage
MADRID (Thomson Financial) - Sacyr Vallehermoso SA's nine months to September results, due today, are seen almost trebling at the bottom line due to the consolidation under the equity method of its about 20 pct stake in Repsol YPF, analysts said. With regard to operating performance, this should remain solid at the core construction and concessions divisions, while results at the group's property arm Vallehermoso could stabilise in the third quarter, due in part to the partial correction of delivery delays which impacted its second-quarter performance. At the analysts conference call at 12.00 pm, focus will be on any comments from management regarding its Repsol YPF stake, in light of recurring speculation that it could reduce the holding, which would help lighten its substantial debt pile.
Corzine willing to lose re-election to fix N.J. financial woes
ATLANTIC CITY � Gov. Jon S. Corzine today said he�s willing to risk losing re-election by increasing highway tolls to try to resolve state fiscal woes. The governor didn�t detail how much he wants tolls to increase, but said he plans to present a formal plan in January as part of his State of the State address. Speaking at a League of Municipalities convention, Corzine, as he has throughout the year, detailed fiscal woes he claims bar the state from investing in key needs. �We will get one chance at a serious financial restructuring and it has to be done right,� Corzine said. �But you can take this to the bank � I will be bold in the name of progress.� The Democratic governor is up for re-election in 2009, but said, �Make no mistake.
Health plan keeps getting better
STEUBENVILLE � The health of the county�s health insurance program just keeps getting better.
Jefferson County commissioners on Thursday approved the waiver of a third month of health premiums for county departments. County Commissioner Thomas Graham, who chairs the county�s health insurance committee, said the departments will realize a total savings of up to $500,000 by not having to pay the premium.
Commissioners had already approved a waiver of three months of health premiums for county workers.
The departments won�t have to pay health insurance costs for October, November and December, and workers won�t have to pay premiums for November, December and January.
Graham was given the job four years ago of fixing a health insurance program that was $10 million in debt.
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