LONDON–Lonmin PLC (LMI.LN) Monday narrowed its fiscal-year net loss after restructuring its mines to offset weak prices of platinum group metals and said it’s now ready to pounce on new growth opportunities. The U.K.-listed miner, one of the world’s largest primary platinum producers, reported a net loss of $342 million for the year ended September,…
Erickson, the manufacturer and operator of the S-64 Air Crane fire attack helicopter, have filed for Chapter 11 bankruptcy. (Paul Sadler) The manufacturer and operator of the world renowned S-64 Air Crane fire attack helicopter, Erickson Incorporated, has voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Northern District of Texas,…
Elders Limited today posted a 35% rise to $51.6 million in its full year after tax profit as the boom in the cattle industry flows through to the agribusiness. Revenue was up 9% to $1.64 billion. CEO Mark Allison says high cattle prices drove higher livestock earnings and also real estate sales demand for big…
Leah Zell, from Lizard Investors, cited only Turkey’s BIM at her appearance in Sydney last week. Daniel Munoz Acclaimed global investor Leah Zell, the founder of Lizard Investors, has quietly formed a bearish view on Woolworths, telling a high-profile conference in Chicago last month the company’s restructuring might be too little, too late. Ms Zell, regarded…
Noble Group chalked up another quarterly loss as it was forced to shun potentially profitable trading opportunities to focus on paying down debt and conserving capital. In the three months to September the Hong Kong-based group recorded a net loss of $28.1m, against a profit of $24.7m a year earlier as it took a $60m…
FOSTER CITY, Calif., Nov. 09, 2016 (GLOBE NEWSWIRE) — QuinStreet, Inc. (Nasdaq:QNST), the leader in performance marketing products and technologies, today announced financial results for the first quarter ended September 30, 2016. The Company also announced a corporate restructuring and other steps to accelerate margin expansion, grow cash flow, and increase shareholder value. The corporate…
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here. YuMe (NYSE: YUME) reported Q3 EPS of ($0.13), $0.12 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $35 million versus the consensus estimate of $41 million. Executive and Board of Directors Changes, Restructuring Plan Announced The…
BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL): Independent expert The Notice of the Extraordinary General Meeting of 15 December 2016 was published today. In preparation for this Meeting, the Board of Directors of SoLocal Group has appointed the firm Didier Kling & Associés as an independent expert, to give an opinion on the fairness of…
Britains financial watchdog on Tuesday said Royal Bank of Scotland was guilty of systematic mistreatment of distressed small businesses that came to it for help, but cleared the bank of the most serious allegation that RBS forced businesses into default for its own benefit. RBS announced alongside the reports findings that it will automatically refund…
HOUSTON–(BUSINESS WIRE)–Dynegy Inc. (Dynegy) (NYSE: DYN) and Illinois Power Generating Company (Genco), an indirect, wholly owned subsidiary of Dynegy, launched a restructuring transaction today with respect to Gencos outstanding indebtedness (the Restructuring), consisting of either (a) an out-of-court offer to exchange (the Exchange Offer) Gencos outstanding 7.00% Senior Notes, Series H, due 2018, 6.30% Senior…