Sky News has learnt that a syndicate of lenders including prominent hedge funds has appointed FTI Consulting to advise on their interest in one of Britains biggest retailers. FTIs appointment is understood to have been signed off just days before Christmas, with Debenhams hoping to defy expectations of a dire festive trading period for…
An Information and Communications Technology (ICT) company, Chams Plc, has assured its shareholders of better days ahead following the successful outcome of its restructuring which covers the companys business model, products and financials. Besides, the company has been deploying its e-voting platform to ensure cost-effective and seamless voting system for some reputable organisations in Nigeria.…
Pearson reported a slide in sales on Friday but profits rose at the educational publishing group as it promised to stabilise the company this year amid a painful restructuring. Revenues tumbled 9 per cent to 4.1bn in 2018 compared with the previous year while pre-tax profits rose 18 per cent to 498m, the company said.…
It seems that gaming companies are restructuring left and right this year. Shortly after the Activision Blizzard news, Square Enix is following suit with a plan to consolidate after disappointing Q3 results. According to its financial report for the nine-month period that ended on December 31st, 2018, profits had fallen by 60.1% from the year…
PepsiCo has kicked off a round of layoffs impacting employees in multiple offices, two people who were laid off by the company told Business Insider. The company announced in a quarterly earnings call last week that it expects to incur $US2.5 billion in restructuring costs through 2023, with 70% of charges linked to severance and…
By Gavin Finch, Bloomberg News February 20, 2019 Top Deutsche Bank executives were so concerned after the 2016 election that the Trump Organization might default on about $340 million of loans while Donald Trump was in office that they discussed extending repayment dates until after the end of a potent… Read the full article at:…
PepsiCo has kicked off a round of layoffs impacting employees in multiple offices, two people who were laid off by the company told Business Insider. The company announced in a quarterly earnings call last week that it expects to incur $2.5 billion in restructuring costs through 2023, with 70% of charges linked to severance and…
Ford Motor Co. is shutting a factory in Brazil in an attempt to turn around its money-losing South American business, dealing a blow to Jair Bolsonaro less than two months into his presidency. The automaker expects to record $460 million in charges related to exiting the heavy-truck business in all of South America, according to…
DETROIT (Reuters) – Ford Motor Co said on Tuesday it would exit its heavy commercial truck business in South America and cease production at a Brazilian plant this year as a result, part of a global restructuring meant to end losses in different regions. As part of a broader restructuring that Ford previously said would…
Flybmi operated 17 regional jet aircraft on routes to 25 European cities. The airline carried 522,000 passengers on 29,000 flights in 2018. The majority of Flybmis 376 employees across the UK, Germany, Sweden and Belgium have been made redundant, although some have been retained to assist the joint administrators. A spokesperson for Flybmi said: The…