Image caption Jamie Oliver’s restaurant business is facing some tough challenges Celebrity chef Jamie Oliver is considering selling his Barbecoa steakhouses, his company has confirmed. Barbecoa was set up by Jamie Oliver and his friend American barbecue expert Adam Perry Lang in 2011. It has two outlets in London: Piccadilly and St Paul’s. Jamie Oliver…
Primary Health Care boss Malcolm Parmenter remains confident he can turn the fortunes of the struggling medical centre business, while also revealing that the company is mulling a major rebranding that may result in a name change. The $1.9 billion company on Friday posted a 5 per cent increase in underlying net profit for the…
Royal Bank of Scotland Observer business agenda The banks reporting a profit for the first time in 10 years but its troubles arent over and its not the only one in difficulty RBS faces more questions about its GRG, accused of driving small business customers out of business after the crunch. Photograph: Toby Melville/REUTERS This…
We expect the focus of reporting season to be the three Cs cost pressures, capital expenditure, and cash returns, UBS said. With balance sheet repairs largely complete, questions are increasingly being raised as to if M&A activities are close. We feel that given the increase in commodity prices is not a function of an increase…
VANCOUVER, British Columbia, Feb. 16, 2018 (GLOBE NEWSWIRE) — RSI International Systems Inc. (TSX-V:RSY) (RSI or the Company) today reported that it has reached an agreement (the Settlement Agreement) to settle a billing dispute with one of its customers, as first reported on November 3, 2017. RSI President & CEO, Tim Major, commented, Although we…
ISLAMABAD: The government on Friday decided to initiate the restructuring process of Pakistan International Airlines (PIA), which has already been converted into a public limited company known as PIACL. Under the PIAC Conversion Act 2016, which was adopted unanimously by the parliament, the government was bound to complete the privatisation process by April 15 this…
The Chapter 11 plan of reorganization (the Plan) filed on the “first day” of the case encompasses a comprehensive restructuring of the Company’s balance sheet and an acquisition of significant revenue-producing assets. Specifically, the proposed restructuring contemplates (a) reducing current debt by approximately $1.6 billion, (b) raising capital of approximately $525 million through an equity…
Video PlayerClose BERLIN, Feb. 16 (Xinhua) — U.S. private equity firms Cerberus and J.C. Flowers are poised to acquire the ailing German financial institution HSH Nordbank, local media reported on Friday. Business publication “Manager magazine” cited an informal agreement between the investors and the state governments of Hamburg and Schleswig Holstein that hold the majority…
Feb 15 (Reuters) – General Electric has reached a deal to sell parts of its overseas lighting business to a company controlled by Joerg Bauer, the former president of GE Hungary, for an undisclosed amount, the Wall Street Journal reported on Thursday. The deal includes GE Lighting in Europe, the Middle East, Africa and Turkey,…
Martin Arnold in London February 16, 2018 The Financial Conduct Authority has handed over to a committee of MPs the full report it commissioned on how the Royal Bank of Scotland systematically mistreated thousands of small business clients after the 2008 banking crisis. Andrew Bailey, chief executive of the FCA, said in a letter to…