November 7, 2017 Javier Espinoza, Robert Smith Listen to this article Play audio for this article Pause 00:00 00:00 This is an experimental feature. Give us your feedback. Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it Please tell us why (optional) ……
Turnaround unit accused of cavalier approach James Hurley, Enterprise Editor Thousands of small and medium-sized companies from across Britain were mistreated by RBSs Global Restructuring GroupNEIL HALL/REUTERS Staff at Royal Bank of Scotlands restructuring unit were advised to extract money from small businesses that were in the most financial difficulty, according to a confidential document that…
* Firm will sell its manufacturing arm * To exit some construction businesses * Competitors also have to adjust strategies * S. African construction hit by weak public finances * Continues to assess expressions of interest for I&C unit (Adds strategy details, more quotes) By Nqobile Dludla JOHANNESBURG, Nov 7 (Reuters) – South African builder…
Shutterstock photo By Nqobile Dludla JOHANNESBURG, Nov 7 (Reuters) – South African builder Group Five said it will sell its manufacturing arm and exit some construction businesses as part of a further restructuring to address a slump in its home market. South Africa’s construction industry has slowed sharply since the 2010 FIFA World…
JOHANNESBURG – Gold miner, AngloGold Ashanti generated $88million (R1.25billion) of free cash flow for the quarter ended September 30, with gold production up 11percent, compared with the same period last year, the company said yesterday. The group said it was on track to meet its full-year guidance on production, costs and capital expenditure. AngloGold said the…
ZURICH (Reuters) – ABB (ABBN.S) is reorganizing part of its global power grids operations as the Swiss engineering group responds to the divisions sluggish profitability and falling orders. ABB electrical transformer plant in St. Louis, Missouri, U.S. on July 6, 2017. REUTERS/David Lawder The move comes as ABB seeks to justify its decision last year…
I understand if Weatherford International (NYSE: WFT) investors said to themselves “this is the quarter where things turn around.” After all, both Schlumberger (NYSE: SLB) and Halliburton (NYSE: HAL) both posted better-than-expected results thanks to the strength of their North American operations. Weatherford has a sizable presence in North America and the spring break-up period…
Turnaround unit accused of cavalier approach James Hurley, Enterprise Editor Thousands of small and medium-sized companies from across Britain were mistreated by RBSs Global Restructuring GroupNEIL HALL/REUTERS Staff at Royal Bank of Scotlands restructuring unit were advised to extract money from small businesses that were in the most financial difficulty, according to a confidential document that…
NEW YORK–(BUSINESS WIRE)–The Steering Committees of the International Bondholder Committee (the IBC) and the Ad Hoc Group (the AHG) of bondholders (the Oi Creditor Groups) of Oi S.A. and its affiliates (collectively, the Company or the Oi Group) announce that, as disclosed by the Company on November 6, 2017, the Oi Creditor Groups, together with…
The local stock barometer surged to a new record finish past 8,500 on Monday as investors took their cue from upbeat sentiment in Wall Street while a corporate restructuring deal at conglomerate San Miguel Corp. excited the market. The main-share Philippine Stock Exchange index racked up 146.94 points or 1.75 percent to close at its…