©EPA Eon, Germanys biggest power producer, said it was making progress with a massive corporate restructuring which will see it split in two and announced a 30 per cent rise in first-quarter profit, largely due to a contract renegotiation with Russias Gazprom. Badly hurt by Germanys radical switch from fossil fuels to renewables, Eon is…
NRG Energy announced the conclusion of the GreenCo process on its first-quarter earnings call this week, with the majority interest sale of NRG EVgo to investment firm Vision Ridge Partners and a restructuring of NRG Home Solar that will result in layoffs involving 500 employees. With the restructuring, the residential solar business will move back…
Last Modified: Mon, May 09 2016. 01 53 AM IST The portfolio Procter and Gamble focused on is growing in the high single digits although overall growth is affected by the restructuring Procter and Gamble Co.s (P&Gs) management told investors, after their March quarter earnings, that they have decided to exit or fix unprofitable…
Abu Dhabi carrier Etihad Airways unveiled a new management structure on Sunday that will see president and chief executive James Hogan take the helm of a wider aviation group. Etihad Aviation Group chairman Mohamed Mubarak Al Mazrouei said the restructuring was designed to better facilitate the management of the carriers stake holdings in other airlines…
Alfred Schipke, IMF’s senior resident representative in China China’s efforts to rebalance its economic structure are desirable and will benefit the regional economy in the long run, representatives of the International Monetary Fund said on Friday. “China’s transition from manufacturing and investment to services and consumption, though it may point to a slower pace of…
IRVING, TEXAS, May 5, 2016 (GLOBE NEWSWIRE) — CHC Group (OTC Pink Sheets: HELIQ; the “Company” or “CHC”) today announced that the Company and certain of its wholly-owned subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of…
RSA Insurance is on the rise after an upbeat trading statement from chief executive Stephen Hester. The insurer said it was on track to at least meet analysts forecast for its full year profits, as it stepped up cost cutting in the wake of a failed £5.6bn bid from Zurich Insurance last year. The business…
Gaurav Laghate, ET Bureau Apr 25, 2016, 01.05AM IST (“We have filed the listing) MUMBAI: The Sri Adhikari Brothers (SAB) Group, owned by Gautam and Markand Adhikari, has completed its business restructuring and is ready to list two new resulting companies TV Vision and SAB Events and Governance Now (SAB Events) on the bourses. These…
Bank of Nova Scotia is taking a $375-million pre-tax restructuring charge in the second quarter as Canadas third-largest bank continues efforts to digitize processes and enhance productivity. The great fintech debate: Will regulating upstarts level’ playing field or stifle innovation? Around the world, established financial players and regulators are grappling with the emergence of technology-based…