LONDON (AP) ” Barclays Group says it will complete its restructuring six months earlier than planned as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London. Barclays now plans to close its non-core unit at the end of June after reducing its stake in Barclays Africa to…
The proposal would be put to shareholder meetings in April, Tevin said yesterday. PTT Plc also will change our business focus to energy security, with investments in infrastructure for gas pipelines, LNG (liquefied natural gas) operations, oil and gas exploration, and will partner with our subsidiary for investment in mega-projects, he said at press conference…
Mineral sands miner Iluka Resources has slid to a full-year loss of $224 million on the back of hefty writedowns related to a restructuring of the companys business amid the downturn. The loss was within the $220 million to $230 million range the company had forecast in January, but sharply lower from the previous years…
Qantas has delivered a big drop in first-half profit, hurt by staff lay-off and restructuring costs as well as fierce competition on international routes due to lower oil prices. Net profit fell to $515 million from $688 million a year earlier, hurt largely by staff lay-off and restructuring costs totalling $137 million. It also reflects…
First Solar shares are down over 7% after the solar equipments supplier reported a substantial 4th quarter loss of ($US6.92) per share, against consensus estimate of a $US1 profit. The sharp slump after the earnings release adds to the shares lacklustre performance over the last year, losing almost half its value. A huge pre-tax restructuring…
Capital equipment specialist Terex (NYSE: TEX) posted fourth-quarter and full-year 2016 results this week. As expected, earnings were hurt by weak industry demand and huge charges tied to its restructuring initiatives. Yet the company made important progress toward simplifying its portfolio and lowering its cost structure so that it has a good shot to return…
For many companies, information governance is like herding cats when the herder doesnt know where the animals are located, cant tell cats from dogs, and isnt sure of the final destination. Massive, disparate, and geographically distributed information stores, along with rapidly evolving regulations and years, if not decades, of neglect of IG best practices have…
For many companies, information governance is like herding cats when the herder doesnt know where the animals are located, cant tell cats from dogs, and isnt sure of the final destination. Massive, disparate, and geographically distributed information stores, along with rapidly evolving regulations and years, if not decades, of neglect of IG best practices have…
BlueScope Steel said stronger steel demand and higher prices have seen its half-year profit surge. Net profit rose by nearly 80 per cent to $359 million for the six months to the end of December compared to the first half of 2016. Sales revenue rose by 17 per cent to $5.1 billion. Before…
Pikun Srimahunt, head of Siam Commercial Banks mortgage business division and small-business products, said the bank would put more emphasis on how to help small enterprises sustain their business. Although the domestic economy is likely to improve this year, global uncertainties surrounding new US trade policies and Chinese tourism might have indirect impacts on small…