Image copyright Rolls-Royce Rolls-Royce swung back into profit in 2017 amid an ongoing restructuring drive at the engine maker. It comes after the firm posted the biggest loss in its history in 2016 due to settling corruption cases and currency hedges going wrong. In the year to 31 December 2017 profit before tax jumped to…
HOBOKEN, N.J.–(BUSINESS WIRE)–John Wiley & Sons, Inc. (NYSE: JW-A and JW-B), a global research and learning company, today announced results for the third quarter ending January 31, 2018. Third quarter revenue up 4% to $455.7 million, or down 1% at constant currency Third quarter GAAP EPS up 45% to $1.19 primarily due to impact of…
The snow and freezing weather that swept across the UK last week caused a 14% slump in sales at John Lewis, compared with the same week last year. The retailers weekly sales data is the first indication of the toll taken by the bitterly cold spell on the high street. Fashion and clothing were particularly…
Viet Nam News HÀ NI After a long period of hesitation, the Vietnam National Coffee Corporation (Vinacafe) is being pushed towards equitisation once more by the Ministry of Agricultural and Rural Development (MARD). During a meeting on Monday at Vinacafes headquarter, Deputy Minister Hà Công Tun said he was not completely confident about…
SWISS Federal Railways (SBB) rail freight subsidiary SBB Cargo has revealed plans to substantially restructure its business operations over the next few years as it grapples with falling demand for wagonload services in Switzerland, which has led to significant losses. Currently, 90% of the wagons are handled through around half of SBB Cargos 344 service…
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David Sheppard and Neil Hume in London March 5, 2018 The departing co-chief executive Noble Group was paid more than $20m in 2017 as the troubled commodity trader slumped to a record $5bn loss and headed for a restructuring that will all but wipe out shareholders and some bondholders. Jeff Frase, who ran the oil…
Thomas Cook (India) advanced 6.59% to Rs 256.40 at 12:58 IST on BSE after the company’s board of directors gave their consent to the management to explore the possibility of an internal corporate restructuring exercise. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday,…
Celebrates centenary By Rosemary Onuoha ROYAL Exchange Plc has announced plans to undertake a corporate restructuring of its key operations even as it unveils plans to mark 100 years of operations. Group Managing Director, Alhaji Auwalu Muktari, disclosed this in a parley with insurance journalists in Lagos last week, saying, the restructuring…
Aussie Farmers Direct has gone into voluntary administration. The online grocer struggled to compete with major supermarkets Woolworths and Coles. 100 franchisees, 260 employees and 100,000 customers will be impacted from the closure. Aussie Farmers Direct, a pure-play online grocer with a home delivery network, has gone into voluntary administration after struggling to compete with…