Australia’s biggest cherry exporter, Reid Fruits, is up for sale and an overseas buyer is a “possibility”, owner Tim Reid says. The Tasmanian-based family-owned company makes up about 10 per cent of Australia’s cherry industry and is the country’s leading exporter into Japan, Korea, Thailand and India. Last year marked the company’s 160th anniversary…
U.S. Businesses Restructuring Operations to Reap Future Financial Success Automation, cloud services and Big Data are rapidly transforming the business-critical function, allowing finance executives to feed in real-time updates to forward plan and steer the direction of a business. Finance executives are increasingly using data analytics when it comes to accounting. The ability to convert…
Speaking to Capital FM Business, Group Managing Director Simon Ngigi says the process has been necessitated by the emerging challenges affecting the publishing industry in the markets they operate that include digital disruption, piracy, and government policies/FILE By KENNEDY KANGETHE, NAIROBI, Kenya, Jul 10 Longhorn Publishers Limited has announced new job cuts in a…
SEATTLE & DENVER–(BUSINESS WIRE)–The M&A Advisor recognized Mike Hill of JND Corporate Restructuring, a division of JND Legal Administration, among the recently announced winners of its 8th annual Emerging Leaders Awards. Mike was chosen for his accomplishments and expertise from a pool of nominees by an independent judging panel of distinguished business leaders. The M&A…
French state-controlled power group EDF said on Monday it had agreed to sell stakes in the New NP reactor business formed from the restructuring of nuclear group Areva to Mitsubishi Heavy Industries and Assystem. Areva has agreed to sell the Areva New NP business, which designs, builds and services nuclear reactors, to EDF as part…
The JSE, Africas oldest and largest stock exchange, announced the restructuring of its operations that will see it shed 14percent of its workforce by the end of the year as it adapted to technological changes. JSE chief executive, Nicky Newton-King, said in a statement on Friday that the company was restructuring against the backdrop of…
Confirmation of the merger between Henry Davis York and global giant Norton Rose Fulbright last month was a stark reminder for the mid-tier market that competing for clients has become a whole new game. It is a landscape that Mark Hickey (pictured), chairman of the board for national firm Sparke Helmore, refers to as a…
But it has still imposed strict new checks on customers financial status and the tougher criteria, which take longer for stores to apply, have caused a steep drop in sales and profits. In the year to the end of March, its sales tumbled 13.7pc to £320m as an increasing number of potential customers were disqualified…
Reuters | Jul 8, 2017, 05.10 PM IST * Restructuring of German engineering services group Bilfinger is “in an early phase,” its finance chief Klaus Patzak told Boersen-Zeitung in an interview published Saturday. * Patzak said the share price had reached a floor. “I assume that the share price will gradually rise,” he said. *…
The Gujarat High Court today prevented the National Company Law Tribunal from conducting any further proceeding against Essar Steel till July 12 under the Insolvency and Bankruptcy Code. A bench of Justice S G Shah stopped the NCLT from proceeding further against the Essar Steel on the firm’s contention that the RBI’s…