July 20 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times GlaxoSmithKline Plc is selling its Horlicks business in Britain and has abandoned a planned 350 million pounds ($455.88 million) investment in Cumbria as…
(Reuters) Rubber products maker Ansell Ltd <ANN.AX> announced writedowns and restructuring on Thursday following the sale of its flagship condoms business two months ago. Ansell said it will spend US$70 million to $100 million (76.76 million pounds) over three years to reorganise its supply chain, merge its single-use and medical divisions into a healthcare unit…
Roongchat described the outlay as a huge investment for the company as it looks ahead to its 40th anniversary next year. We invested Bt500 million last year and have continued to expand this investment budget with Bt1 billion for this year and the next, she said at a press conference yesterday. The funds…
Image used for representational purpose only. India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd, the country’s top software services exporter, the…
July 19 (Reuters) – India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd , the country’s top software services exporter, the report…
Reuters | Jul 19, 2017, 07:25 PM IST REUTERS – India’s salt-to-software Tata Group is considering a plan to streamline its technology and infrastructure businesses, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The restructuring plan would involve moving several of its technology businesses under Tata Consultancy Services Ltd, the country’s top…
Inland Revenue has confirmed its Public Service Association claim that its restructuring will affect more than 4,000 staff though has stopped short of confirming that it will mean a 30% reductoin in staffing numbers by 2021. The tax authority closed some of its services today so it could inform staff about the planned changes to…
Weaker than expected second-quarter sales and profits in a poor growth climate prompted Swedish telecoms giant Ericsson to announce fresh cost-cutting measures Tuesday. Ericsson posted a fourth straight quarterly loss in unveiling April to June figures of 1.0 billion kronor (105 million euros/$121 million) on sales dropping 8 percent to 49.9 billion kronor, dipping beneath…
Stockholm: Weaker than expected second-quarter sales and profits in a poor growth climate prompted Swedish telecoms giant Ericsson to announce fresh cost-cutting measures on Tuesday. Ericsson posted a fourth straight quarterly loss in unveiling April to June figures of 1.0 billion kronor (US$121 million) on sales dropping 8% to 49.9 billion kronor, dipping beneath analysts…
Legal action by Ten’s administrators this week has unearthed two letters from its billionaire shareholders’ advisers that resulted in the board calling in corporate undertakers to manage the television network and put it up for sale. One adviser for the biggest single shareholder, Bruce Gordon’s investment vehicle Birketu, also revealed his lack of confidence in…