The share price of Australian Pharmaceutical Industries Ltd(ASX: API) has been on a roller coaster ride over the last 2 years. After reaching a high of $2.38 in May 2017, the companys shares were sold-off on fears that it would not meet profit expectations amid an increasingly difficult trading environment in its retail and pharmacy…
Tata Consultancy Services (TCS) has restructured its industry solutions units (ISUs), giving almost 200 employees control of them and quarterly target goals as it looks to free up senior executives to focus on long-term strategy. TCS first broke up its business into smaller units in 2008, a move that helped power growth, with revenue soaring…
“It is sobering indeed that of the top 50 companies in Australia by market capitalisation in 1980, only 10 remain in todays top 50. John Mullen, Chairman, Telstra As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater…
BANGKOK — Struggling national carrier Thai Airways International is set to invest 100 billion baht ($3.06 billion) to buy 23 passenger planes, embarking on a risky expansion as it continues to search for a successful restructuring strategy. Expansion may be an appealing option for a state-owned airline reluctant to wield the ax due to the…
Article 0 Comments Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the underwriting platform following a comprehensive audit. The restructuring project will continue in conjunction with leading legacy specialists. The insurance market, particularly…
Max Brenner has been saved at the last minute by Australian investment office Tozer & Co. The dessert chains future was thrown into question earlier this month when it entered voluntary administration. It was then announced that 20 of the brands 37 Australian stores would be closed. Advertisement However, appointed liquidators BDO Australiaissued a statement…
Liquidation sales at select Sears and Kmart stores are expected to begin within the next two weeks. (Jason Rzucidlo/AmericaJR) HOFFMAN ESTATES, Ill. Sears Holdings Corporation (Holdings, we, our, or the Company) (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and…
The US Bankruptcy Court for the Southern District of New York has approved US retailer Sears Holdings first day motions for its voluntary Chapter 11 restructuring. The retailer filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code yesterday. This approval is expected to improve the companys liquidity position and allow it to…
LOS ANGELES, Oct. 16, 2018 /PRNewswire/ — After a period of unprecedented growth, national wholesale insurance brokerage, managing general agent and program underwriter Worldwide Facilities announces an organizational restructuring. The company will reorganize into three divisions: Worldwide Brokerage, Worldwide MGA, and Worldwide Programs. The driving force for this change is the significant growth that Worldwide…
HOFFMAN ESTATES, Ill., Oct. 15, 2018 /PRNewswire/ — Sears Holdings Corporation (“Holdings,” “we,” “our,” or the “Company”) (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and grow profitably for the long term. To facilitate these actions, the Company and certain…