Weak French sales and restructuring costs hit Kingfisher 24 May 2017 From the section Business Image copyright Screwfix Shares in Kingfisher, the owner of B&Q and Screwfix, have slumped after revenues were hit by weak French sales and restructuring costs. Kingfisher shares were the worst performer on the London stock market in early trade, falling…
Greeces lenders and eurozone partners disappointed Athens once again last night. Despite Alexis Tsipras securing reforms that have made him less popular than Donald Trump, his country has been left to deal with the financial and social costs. Yesterday, The Brief brought you the eurozones great success story, Portugal. Today, its time to look at…
Topshop Australia was placed into voluntary administration on Wednesday Fashion retailer will continue to trade as normal during administration period Customer policies, including gift cards and product returns, will continue By Khaleda Rahman For Daily Mail Australia Published: 18:45 +10:00, 24 May 2017 | Updated: 19:51 +10:00, 24 May 2017 e-mail 226 shares 3 View comments…
Having announced Voluntary Retirement Scheme or VRS for its employees recently, Tata Motors said that it has reduced its managerial workforce domestically by 10-12 per cent as part of an organisational restructuring exercise. The Indian automaker declared its financial results for the fourth quarter of 2016-17 and that’s where the company Managing Director and CEO…
High-profile fashion retailer Topshop Australia has collapsed under debts and entered voluntary administration, with the future of its stores and workers under a cloud. Administrator James Stewart, of Ferrier Hodgson, said the company would continue to trade as normal while it considered its “optimal operating structure”. Topshop Australia franchisee Hilton Seskin. Photo: Simon Schluter “It will…
LONDON Marks & Spencers bottom line pre-tax profit tanked by 63.5% last year, as the struggling department store spent hundreds of millions on a turnaround plan and clothing sales continued to decline. Marks & Spencer published its full-year results on Wednesday for the 52 weeks to April 1. Here are the key figures: Revenue: Up…
Former young rich-listed coal mining entrepreneur and now bankrupt, Nathan Tinkler has been banned from managing businesses in Australia due to his involvement in the collapse of 11 companies. Key points: Mr Tinkler, a former BRW young rich lister, enjoyed a net worth $600 million in 2010 He and two associates breached directors’ duties…
Former Newcastle-based mining magnate Nathan Tinkler.Picture: AAPIMAGE Bankrupt former coal baron Nathan Tinkler and two of his closest business allies have been banned from managing a company for at least three years for their roles in the collapse of several businesses. The Australian Securities and Investments Commission has disqualified Mr Tinkler and Troy Palmer, the…
China and the Philippines have joined forces to tackle illegal gambling, part of Beijing’s broader campaign to curb illicit capital outflows and a pledge by Manila to weed out unscrupulous operators from the country’s booming gaming industry. The coordinated crackdown comes amid warming ties between Chinese President Xi Jinping and his Philippine counterpart Rodrigo Duterte,…