Medical centres and pathology operator Primary Health Care has made a full-year loss of $517 million, after writing-down the value of its medical centres business. The company says it was hit with a non-cash impairment charge of $587 million in relation to its Medical Centres unit and underperforming sites, including the old Symbion sites. It…
While Japans flagship panel maker completed its biggest two-day rally this year on Thursday, bearish bets have climbed toward a record. Japan Display Inc. soared 15 percent this week, boosted by reports of strong quarterly sales of iPhones, which use the companys liquid-crystal displays. But short interest rose to 24 percent of free float as…
Aug 17 (Reuters) – Seadrill Ltd * Amendments to certain credit facilities to insulate seadrill partners from seadrill limited’s restructuring * has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company’s likely use…
This summer has been a DIY disaster for the UKs two biggest home improvement chains with both reporting falling sales as they struggle with wet weather and disruption from major restructuring plans. Kingfisher, Europes largest home improvement retailer, reported a 4.7% fall in sales at its established B&Q stores in the three months to the…
Multinational telecom operator Ericsson which carries 40% of the worlds mobile traffic on its networks and is Swedens second largest company by revenue reported another disappointing quarter last month. As response, the troubled companys new CEO Börje Ekholm announced costs cuts of 10 billion SEK ($1,25 bn) per year. He did not say how many jobs were at stake.…
Hamilton, Bermuda, August 17, 2017 – Seadrill Limited (“SDRL or the Company”) announces today that it has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company’s likely use of chapter 11…
Wesfarmers increased its final dividend 26 per cent after underlying net profit rose 27.6 per cent to $2.87 billion in 2017, the strongest growth since 2009, as surging coal prices and market share gains at Bunnings countered weaker earnings at Coles. The result, which was marginally below consensus forecasts around $2.88 billion, highlighted the benefit…
Etihads grand plan for global domination looks to be in deep trouble. In July, the Abu Dhabi, United Arab Emirates-based aviation giant announced a staggering $US1.87 billion loss for 2016. This, after posting a $US103 million profit the previous year. Etihad blames $US808 million of losses on financial exposure to partner airlines such as Air…
Prestige Group , one of the largest listed real estate companies in the country, is gearing up for greater things given that the uncertainty caused by the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) is behind us. The company recently concluded a corporate restructuring to take the business to the…
No entrepreneur relishes restructuring their business. It can be complex and time consuming, but that doesnt stop it from being worthwhile. Restructuring can be prompted by a number of different things some are the consequence of success, the result of disagreements, or simply commercial imperatives. They might arise, for example, because of a founder leaving,…