Share Tweet Share Share Email Seven West Media has reported the companys financial results for FY17. Commenting, the managing director and CEO Tim Worner said: Our results reflect a tough market, one that continues to change at pace, but a pace that we must match in our transformation. Despite these tougher conditions, we continue to lead…
Payless ShoeSource today announced that its North American entities have successfully emerged from its Chapter 11 restructuring as the number one specialty footwear retailer in the United States and one of the largest in the world. It has about 3,500 brick and mortar stores, 400 of which are in Latin America and the Caribbean. It…
Steel producer ArcelorMittal South Africa (AMSA) announced on Tuesday that it had initiated consultations with employees regarding its proposed business-restructuring programme, which could result in job losses. CEO Wim de Klerk said in a statement that it was premature to provide an estimate as to the number of employees who could be retrenched. However, it…
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Anubhav SahuMoneycontrol research The earnings report from Tata Global Beverage revealed a continuation of improving profitability of its Indian operations and restructuring of the international businesses. Despite GST, the company witnessed growth supported by volumes. In our view, Tata Globals latest initiatives on restructuring are directionally positive steps. We believe that the latest developments have…
Cathay Pacific Airways could face further pressure for another round of cost-cutting in the face of an estimated HK$1.2 billion in losses for the first six months of this year one of the worst results in its operating history, according to analysts. The figure was compared to a HK$353 million profit in the same period…
Rail freight operator Aurizon has announced the closure of its Forrestfield terminal by the end of the year, as part of a national restructure that will result in the loss of 250 jobs. Brisbane-based Aurizon said today it would close all of its intermodal operations outside Queensland. In addition, it has agreed to sell its…
Aug 14 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times – The number of air passengers arrested for drunken misbehaviour on flights and in airports has risen by 50 percent in the past…
SCOTTSDALE, Ariz., Aug. 11, 2017 /PRNewswire/ — Nuverra Environmental Solutions, Inc. (“Nuverra” or the “Company”) announced today that, on August 7, 2017 (the “Effective Date”), the Company and its material subsidiaries emerged from Bankruptcy protection under chapter 11 of the United States Bankruptcy Code. Pursuant to their Amended Joint Plans of Reorganization (collectively, the “Plan”), which…
Anxiety continues to mount over Ezion Holdings’ chunky debt numbers, with trading in the stock still on hold amid news that the firm is planning to restructure a staggering US$1.48 billion (S$2 billion) in loans. A report by Debtwire on Thursday said that Ezion has appointed RSM Singapore as financial adviser for a planned restructuring…