Telstra has revealed the departure of four senior leaders, and revealed a new leadership lineup as part of an organisational restructure in line with its Telstra2022 strategy flagged last month. Exiting senior Telstra staff are chief financial officer Warwick Bray, technology innovation and strategy group executive Stephen Elop, wholesale group executive Will Irving and chief…
With usage and uptake growth both in decline…have we reached peak social media? The world of social media was up in arms last week, but it wasnt users that were in uproar. Social media investors saw the values of Facebook and Twitter slide to recent lows on the back of disappointing company results that…
With the recent news that Marks & Spencer, Debenhams and House of Fraser are to close stores across the UK amid heavy falls in profit, it has raised questions around what employees rights are when a business decides to restructure. Contributor Kirsten Cluer, HR Consultant and owner Cluer HR. House of Fraser, the most recent established…
exclusive A former banker from RBSs Global Restructuring Group is alleged to have demanded cash from customers in return for forbearance on their debtsPhilip Toscano/PA Allegations that a former Royal Bank of Scotland manager solicited bribes from small business owners in return for showing leniency towards their troubled companies are being investigated by police, The…
new Alex Ralph BTs adjusted earning rose, helped by restructuring-related cost savings and bigger margins on its EE mobile phone handsetsPHIL NOBLE/REUTERS The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform…
The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform the telecoms groups operating model had led to the reduction of about 900 roles and improved its cost performance. Adjusted earnings rose…
Achaogen, headquartered in South San Francisco, announced that as part of its strategic update and corporate restructuring, it will eliminate 80 positions, or about 28 percent of staff. Achaogen focuses on drugs to treat multi-drug resistant (MDR) gram-negative infections. On July 20, the company announced that Zemdri, which was approved in the U.S. for adults…
Updated July 26, 2018 12:42 p.m. ET Despite posting higher revenue, Under Armour Inc. UAA 4.55% widened its net loss in the latest quarter as the sportswear company restructures itself after facing slowing demand for its products. The Baltimore company reported that revenue for the second quarter jumped 8% to $1.17 billion. Analysts polled by…
Under Armours North America revenues increased for the first time in a year, showing signs that the companys efforts to turn around its business could be taking hold. But a pervasive identity crisis threatens to derail its nascent recovery, according to analysts. Shoppers are confused about what Under Armour stands for due to its lack…
Under Armour edged out Wall Street estimates on both the top and bottom lines in Thursdays second-quarter earnings announcement. It saw North American sales increase for the first time in year. The apparel maker says it will take about $US80 million in additional restructuring charges. Shares are up 5.5% in early trading. Watch Under Armour…