By Melody Yuan Nov. 16, 2020 Selling a portion of your business may bring in cash, provide access to resources, or reduce financial risk. (Photo credit): Gettyimages.com/pixelfit How selling certain portions and assets of your business can be part of your strategy to save it Cash is a lifeline. But with the prolonged pandemic, lower…
The strain of corporate debt looms large over the global economy. Months into the pandemic, corporate balance sheets in both advanced economies and emerging markets are more stretched than ever, with aggregate corporate debt standing at historically high levels relative to GDP. At the same time, traditional measures of debt affordability and debt sustainability are…
Today at our annual Investor Day we announced an important milestone in our T22 journey an important moment in Telstras long history a proposed restructure of our business. I wanted to take a moment to explain whats driving the changes and what happens next. First let me outline todays announcement. We have announced the proposed…
Kesoram Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it TopicsKesoram Industries|Indian companies B K Birla Group flagship Kesoram Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting…
A KPMG UK spokesperson said: Our industry-leading restructuring business has an established track record of advising on some of the highest profile and most complex projects across the UK. However, in recent years we have seen the dynamics of the UK insolvency and restructuring market change. As a result, we have concluded that now is…
John Winter, CEO of the Australian Restructuring Insolvency and Turnaround Association: Firms “well aware there are busy times ahead”. The temporary insolvency relief measures have cut work in the area to the extent that “55 per cent of insolvency firms remain on JobKeeper themselves“, said John Winter, the CEO of the Australian Restructuring Insolvency and…
Malaysian operatorMaxishasannounced that its chief technology and information officer (CTIO) Morten Bangsgaard has resigned from his position within the company. He will be leaving Maxis at the end of this year, to pursue other career opportunities. Bangsgaard has held the CTIO role for over six years. With Bangsgaards departure, Maxis has announced plans to streamline…
In Q2FY21,Voltas reported a healthy performance with consolidated revenue grew by 13 per cent year-on-year to Rs 1,613 crore led by revenue growth in all three segments. TopicsVoltas|Buzzing stocks|Markets SI Reporter | Mumbai Last Updated at November 9, 2020 12:33 IST Shares of Voltas hit a fresh record high of Rs 772.50, up 2.5 per…
Distributor Hills Limited has revealed it had let go 39 of its staff following a restructuring of its IT distribution business earlier this year. Addressing shareholders, managing director David Lenz said the restructure occured in June and prompted by the COVID-19 pandemic. He said the restructure aimed to prepare Hills for the post-COVID trading environment…
Fresh off a five million dollar capital raising, strong quarterly cash flow and a rebrand, ASX-listed Hubify (HBF) formerly known as United Networks Limited is set to execute on a pipeline of acquisitions, according to CEO Victor Tsaccounis. He made the comments during an interview on Boardroom Media where he was discussing the rebranding of…