State-owned lender Lloyds Bank cut 1,340 jobs on Tuesday, as part of a restructuring plan that will see as many as 12,000 staff leave the bank in total. The jobs will go from the operations, retail, customer products and marketing, finance and risk divisions, according to a report by BBC News. The bank, which is…
BOSTON EnerNOC Inc., a provider of energy intelligence software (EIS) and demand response solutions, announced that it is restructuring its subscription-based EIS business to refine its focus to select industry segments and high potential customers. EnerNOC said this move, from broad market creation to a more targeted EIS go-to-market strategy, will materially reduce its operating expenses,…
“It is important to note that the Government does not have a plan to privatise these three new companies.” Alex Ellinghausen The Turnbull government insists it has no plans to privatise the taxpayer-owned shipbuilding firm ASC but has announced a restructuring of the company’s shipbuilding, infrastructure and submarine operations which would pave the way for a…
SEJONG, Oct. 11 (Yonhap) — Seven more South Korean companies are seeking to win government approval for four cases of voluntary corporate restructuring, the trade ministry said Tuesday, in a move meant to boost their competitiveness. The Ministry of Trade, Industry and Energy said a government panel is set to hold a meeting next Tuesday…
RBS squeezed struggling businesses to boost profits, leak reveals By Andy Verity & Jake Morris BBC Newsnight 10 October 2016 From the section UK Image copyright Getty Images Royal Bank of Scotland secretly tried to profit from struggling businesses, leaked documents show. The bank bought up assets cheaply from failing businesses it claimed to be…
LONDON–(BUSINESS WIRE)– Metal Tiger Plc 10 October 2016 Metal Tiger Plc (“Metal Tiger” or the “Company”) Strategic Update and Board Restructuring Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce an update with regard to the Companys strategic plans and an associated board restructuring.…
Published 05/10/2016 Share FCA receives report into claims of malpractice at RBS Global Restructuring Group BelfastTelegraph.co.uk The Financial Conduct Authority (FCA) said it has received a report investigating allegations of malpractice at Royal Bank of Scotland’s (RBS) Global Restructuring Group (GRG). http://www.belfasttelegraph.co.uk/business/news/fca-receives-report-into-claims-of-malpractice-at-rbs-global-restructuring-group-35106491.html http://www.belfasttelegraph.co.uk/business/news/article35106490.ece/79598/AUTOCROP/h342/PANews%20BT_P-908dfe73-63ed-4679-8d61-7a523a500df0_I1.jpg RBS has denied claims its GRG unit had forced small firms to…
Denver Business Journal , KUSA 11:04 AM. MDT July 14, 2016 U.S. Bankruptcy Court (Photo: JUPITERIMAGES) DENVER BUSINESS JOURNAL – A Denver energy company that filed for bankruptcy protection in March said it could emerge from restructuring later this month. Venoco Inc. said the U.S. Bankruptcy Court for the District of Delaware has approved its…
General Electric is on acquisition spree with a focus on industrial business. Focus on industrial business make business-sense considering their competitive strength in the field. The market remains concerned over the end result of the ongoing Group restructuring. General Electric’s (NYSE:GE) history can be traced back to when Thomas Edison consolidated his businesses to form Edison General Electric…
SINGAPORE (Reuters) – A minority investor in Samsung Electronics Co Ltd said on Thursday it supports proposals submitted by U.S. hedge fund Elliott Management for restructuring the South Korean technology giant to improve shareholder value. “We are supportive of restructuring and a higher dividend payout to unlock the value in the business (of Samsung) as…