Restructuring at 7-Eleven owner sets scene for earnings recovery – The Australian Financial Review

The flagship convenience store business is humming, with revenues surging 29.8 per cent in 2019 to 3.776 trillion. This segment still punches above its weight from a group perspective, and provides the lions share of operating profits (about 80 per cent) while accounting for just over half of total revenues. Same-store sales growth in Japan…

Uber APAC head Amit Jain resigns, in restructuring ahead of IPO – Livemint

Bengaluru: In a major restructuring exercise, ride-hailing service Uber Technologies Inc. has appointed Pierre-Dimitri Gore-Coty to take charge of the companys Asia-Pacific rides business, the IPO-bound startup said on Wednesday. Gore-Coty will also continue in his current role, leading the rides teams across Europe, Middle East and Africa. Amit Jain, who started the rides business…

Annings bankrupt candidate ineligible – The Australian

Far-right senator Fraser Annings candidate for the Victorian seat of Bendigo is an undischarged bankrupt, making her ineligible to nominate for the May 18 federal election. Former Bendigo councillor Julie Hoskin formally nominated for the central Victorian lower house seat yesterday, having completed the Australian Electoral Commissions new qualification checklist relating to section 44 of…

Software group SAP takes hit from restructuring but raises outlook – Financial Times

SAP raised its operating profit outlook on Wednesday as Europes largest software groups quarterly cloud revenue exceeded 1.5bn for the first time, up 45 per cent from the same period a year earlier. The German business software group took a hit from restructuring costs as well as other acquisition-related and share-based bonus charges, announced earlier,…