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Small cap movers: SIMEC Atlantis Energy rises again as its major shareholder escapes the clutches of the administrators
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SMALL CAP MOVERS: SIMEC Atlantis Energy rises again
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Investegate |SIMEC AtlantisEnergy Announcements | SIMEC AtlantisEnergy: Final Results Announcement
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Greensill insurer Tokio Marine takes trade credit provisions
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Tokio Marine, the owner of the insurance group that guaranteed billions of dollars of securities packaged by Greensill Capital, has taken provisions for liabilities at its Australian trade credit business and confirmed it has hired external advisers to review its contracts with the supply-chain finance group.
The insurance group, which owns Sydney-based Bond & Credit Co, said on Thursday that it had swung to an annual loss in its Asia and Oceania business due to a “reserve provision for trade credit insurance in Australia”. Tokio Marine declined to comment on whether the provision was directly related to Greensill Capital, which collapsed in early March.
SIMEC Atlantis Energy PLC surges after updating investors on operations
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