Restructuring of the national carrier will take place with the new Board coming up with a strategic plan to revive the airline after the festive season, Public Enterprises and Kandy Development Minister Lakshman Kiriella told Business Observer. We are in the process of finding a strategic partner to invest in the airline and turnaround the…
European equity markets are broadly unchanged this morning as traders dont know which way to look. Geopolitical tensions have taken another turn lower after Saudi Arabia intercepted a missile attack yesterday. Rising tensions in the Middle East, and the possibility of a trade war breaking out, have left some investors sitting on the fence. The…
PUBLISHED: 14:30 13 April 2018 | UPDATED: 10:00 14 April 2018 Fashion chain Select will not axe jobs or stores as part of restructure. Picture: Dominic Lipinski/PA Wire High-street retailer Select will not close stores after creditors agreed to a restructuring plan which will save 2,000 jobs across the UK. The womens fashion chain, which…
The workforce at Linwoods Monaghan Road headquarters in Armagh will be reduced by 90 full-time employees. The company will also cease its van sales distribution business. Linwoods Health Foods and all contracted bakery production with the company would not be affected by the restructuring and redundancies, the company claimed. John Woods, joint managing director of…
ASX-listed BPS Technology has officially relaunched as IncentiaPay as the financial payments company embarks on a landmark company transformation. In a market update this week, the Gold Coast based company, who owns international trade exchange Bartercard and the well-known Entertainment Book of discounts, said the move was part of its efforts to diversify into new…
CALGARYShaw Communications Inc. shares were up about ten per cent Thursday as strong operational performance by its main business units offset concerns about $417 million in restructuring-related costs booked in its second quarter. Shaws B shares were at $26.49, up $2.42 or 10.02 per cent, after the company reported it had a $164-million loss in…
European equity markets are broadly unchanged this morning as traders dont know which way to look. Geopolitical tensions have taken another turn lower after Saudi Arabia intercepted a missile attack yesterday. Rising tensions in the Middle East, and the possibility of a trade war breaking out, have left some investors sitting on the fence. The…
Naomi Rovnick April 12, 2018 Print this page Beleaguered British floor coverings retailer Carpetright has struck an emergency agreement with its lenders to close or exit leases of at least 92 shops in a restructuring that will affect more than 300 jobs. Carpetright, which has warned on profits three times since December, said it was…
A customer enters a The Bon Ton store, which is scheduled to close, in Concord, N.H., Friday, Feb. 23, 2018. AP/Charles Krupa The number of defaults by retail corporations hit an all-time high in the first three months of 2018, according to Moody’s. There were at least 28 defaults among retail corporations in the first…
TORONTO _ Cineplex Inc. is laying off a number of full-time workers. The Toronto-based companys spokesperson Sarah Van Lange is refusing to say exactly how many jobs are being cut, but says the layoffs will impact less than 100 employees. Lange says the cuts are part of a small restructuring happening at the entertainment giant.…