Category Archives: Restructuring

Pharma giant GSK announces major restructuring drive to cut £400m in costs – Independent.ie

GlaxoSmithKline unveiled a major restructuring programme on Wednesday (PA) Pharma giant GSK announces major restructuring drive to cut £400m in costs Independent.ie GlaxoSmithKline has announced a major restructuring programme that will see the company slash £400 million in annual costs in an effort to bolster research spending. https://www.independent.ie/world-news/pharma-giant-gsk-announces-major-restructuring-drive-to-cut-400m-in-costs-37153564.html https://www.independent.ie/world-news/article37153562.ece/e3095/AUTOCROP/h342/ipanews_08d9fa89-5980-47c5-a6e6-669167091b3e_1 Email GlaxoSmithKline has announced a major…

Troubled Deutsche Bank pushes ahead with restructuring – Deutsche Welle

Germany’s biggest lender Deutsche Bank said Wednesday a major restructuring under its new chief executive was in full swing, as it confirmed second-quarter profits that beat analysts’ previous expectations.   Net profits reached 401 million ($468 million) on the back of 6.6 billion in revenue, in line with preliminary figures the lender released earlier this month.…

Deutsche Bank beats estimates, accelerates restructuring – Business Insider

FRANKFURT, Germany (AP) Germany’s struggling Deutsche Bank says net profit fell to 401 million euros in the second quarter from 466 million euros a year earlier as the bank incurred higher costs from its restructuring. The profit beat analyst estimates for 209 million euros and the bank said it was making quicker progress in cutting…

CBA results will be ‘messy’: Morningstar – Mortgage Business

The major bank is expected to deliver a $9.9 billion cash profit when it reports its earnings next month, but major regulatory changes and demerger plans are muddying the forecast. CBA will deliver its fiscal 2018 results on 8 August, which Morningstar analyst David Ellis anticipates will be messy. We forecast an underlying $9.9 billion…

Purdue pharma brings restructuring expert aboard: 6 things to know – Becker’s Hospital Review

Written by Alia Paavola | July 24, 2018 | Print  | Email Embattled OxyContin maker Purdue Pharma hired Steve Miller, a famous figure in corporate restructuring, to head its board as the drugmaker seeks to overhaul its business and distance itself from the U.S. opioid crisis, Bloomberg reports. Here are six things to know: 1. Miller became…

Deutsche Bank owners seek restructuring details – The Business Times

Mon, Jul 23, 2018 – 5:50 AM Frankfurt CHRISTIAN Sewing was barely two weeks into his role as chief executive officer of Deutsche Bank AG when he unveiled the outlines of a yet another turnaround plan for the German lender in April. Now shareholders say it’s time to flesh out the details. Four of the…

JetBlue is laying off workers and reshuffling jobs as it moves to cut $300 million in costs – Business Insider

JetBlue announced a round of layoffs, buyouts, and a restructuring of positions on Friday afternoon. It did not specify how many jobs would be affected by the decision. The restructuring comes at a time when JetBlue is seeking to honour a goal set in December 2016, when it announced a plan to reduce operational costs…

FTD Companies, Inc. Announces Review of Strategic Alternatives, Corporate Restructuring and Cost Savings Plan and … – GlobeNewswire (press release)

Scott D. Levin Appointed Interim President and Chief Executive Officer Company Provides Update on 2018 Business Outlook DOWNERS GROVE, Ill., July 19, 2018 (GLOBE NEWSWIRE) —  FTD Companies, Inc. (Nasdaq:FTD) (FTD or the Company), a premier floral and gifting company, today announced that its Board of Directors has initiated a review of strategic alternatives focused…

FTD Companies, Inc. Announces Review of Strategic Alternatives, Corporate Restructuring and Cost Savings Plan and … – Markets Insider

Scott D. Levin Appointed Interim President and Chief Executive Officer Company Provides Update on 2018 Business Outlook DOWNERS GROVE, Ill., July 19, 2018 (GLOBE NEWSWIRE) —  FTD Companies, Inc. (Nasdaq:FTD) (FTD or the Company), a premier floral and gifting company, today announced that its Board of Directors has initiated a review of strategic alternatives focused…

Nexgram embarks on internal restructuring to streamline businesses – The Edge Markets MY

KUALA LUMPUR (July 19): Nexgram Holdings Bhd has embarked upon an internal corporate restructuring (ICR) of its wholly-owned subsidiary Nexgram Land Sdn Bhd and its group of companies to enable a more efficient administration of the organisation. Nexgram said the restructuring involves segregating the business segments of the group into the respective subsidiaries carrying out…