Text size Schlumberger’s revenue is down from two years ago, but margins are rising. Bertrand Guay/AFP via Getty Images A particularly strong quarter for oil-and-gas companies means the bar is higher for companies reporting earnings. Schlumberger appears to have leapt the hurdle with room to spare. The largest oil-services company in the world posed a…
AT&T Inc. ( T, Financial) is a great investment option at the moment. The stock is set to experience upside through both systemic and idiosyncratic tailwinds. From a market perspective, the company is expected to perform well as it’s a value stock, which typically combat inflation. The company is also in a restructuring process, causing…
US cloud company Rackspace is to lay off around 10 percent of workforce. The company said it was shedding around 700 hundred employees as part of a restructuring plan, and will use the money saved to reinvest and expand its product offerings in fast-growing areas of the business. On July 21, 2021, the company committed…
Cross-border business restructurings play a central role in multinational enterprises. They often entail the relocation of functions from one tax jurisdiction to another and the shift of business profits between these countries, often to the detriment of the former tax jurisdiction. In 2008, the German legislature adopted business restructuring (i.e. OECD Guidelines Chapter IX) transfer…
On 22 July 2021, Swencn AB (a subsidiary of Nordecon AS) filed an application with the Nacka District Court in Stockholm, Sweden, to initiate restructuring proceedings. Through the restructuring procedure, the company wants to overcome the difficulties in paying bills, restructure creditors’ claims and improve Swencn AB’s liquidity. The purpose of the restructuring is to…
To file or not to file for bankruptcy? Its a question that no business leader wants to consider, but sometimes its necessary. Indeed, given the challenges and uncertainties of the last 16 months, it has been a top-of-mind issue for many companies across different economic sectors. In 2020, according to data from Epiq AACER, Chapter…
July 21 (Reuters) – Shares of energy services firm Baker Hughes slipped on Wednesday after reporting second quarter results that fell short of Wall Street estimates as it shifts its business to technology and services that help customers transition to a lower carbon world. Baker Hughes Co (BKR.N) swung to a profit from a loss…
As foreshadowed in its NSX announcement dated 11 June 2021, the Board of a2a GN Limited (NSX:A2A) has engaged with advisors in Australia and Malaysia to urgently review alternate funding and restructuring options. Whilst reviewing various proposals, the Board prudently moved to temporarily suspend business operations. Following diligent consideration of the options available and acting…
21 July 2021 Consultancy.com.au 2 min. read Global advisory firm FTI Consulting has bolstered its national restructuring team with the hire of four senior managing directors all of which previously were partners at a Big Four firm. For some time now, FTI Consulting has been the dominant restructuring firm globally, and we have had the…
Social Media Share this Article Restructuring Update, New Business to be Vended In Sydney, July 21, 2021 AEST (ABN Newswire) – As foreshadowed in its NSX announcement dated 11 June 2021, the Board of a2a GN Limited (NSX:A2A) has engaged with advisors in Australia and Malaysia to urgently review alternate funding and restructuring options. Whilst…