Forex firm WorldFirst is laying off up to 20 staff over the next two months as it refocuses its business, City A.M. has learned. The company could not confirm exact numbers, but said the job cuts would affect UK employees. WorldFirst is moving away from providing hedging products and plans to focus instead on e-commerce,…
May 25 Subex Ltd * Says proposed group restructuring of co’s business * Says restructuring to result in segregation of co’s business into separate verticals * Says Subex Secure & Analytics Solutions to be transferred to group entity Subex Digital LLP * Says revenue maximization solutions would be transfrerred to subex assurance llp after restructuring…
May 25 Subex Ltd * Says proposed group restructuring of co’s business * Says restructuring to result in segregation of co’s business into separate verticals * Says Subex Secure & Analytics Solutions to be transferred to group entity Subex Digital LLP * Says revenue maximization solutions would be transfrerred to subex assurance llp after restructuring…
Retail giant Marks & Spencer has seen annual profits tumble by nearly two thirds and revealed sales across its under-pressure clothing arm have plunged back into reverse. Chief executive Steve Rowe admitted the group’s overhaul has “come with a cost” as he posted a 63.5% plunge in bottom line pre-tax profits to £176.4 million on…
Britain’s best-known fashion retailer Sir Philip Green is expected to come to the rescue of TOPSHOP Australia by taking over the local operations. The administrators of TOPSHOP Australia, which was placed into voluntary administration on Wednesday night, are in talks with Sir Philip’s Arcadia Group, which owns the TOPSHOP and TOPMAN brands, about taking back control of…
Offshore drilling services company Seadrill Ltd. has made “significant progress” with its banks on the terms of a debt restructuring plan that will likely require filing for bankruptcy in the U.S. or U.K. Continue Reading Below Seadrill said Wednesday it is in advanced talks with secured lenders and third-party investors on the terms of a…
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…
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…
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…