Fords business has arguably never been better. But Morgan Stanley analysts Adam Jonas thinks a massive restructuring is needed. Fords challenge is to tell a story that investors will buy into, as they have with Tesla and Uber. Ford has beaten analysts earnings expectations every quarter of 2017 and is currently paying a whopping 5%…
NAB has flagged the loss of 6,000 jobs as the impact of new technology and digital transactions cuts a swathe through traditional banking jobs. Key points: 6000 traditional bank jobs to go and 2000 new digital positions created as NAB aims to move 60 per cent of its business online over three years Redundancies…
End market strength and strategic actions underpin expectations for improved financial outlook for 2018 ST. LOUIS, Nov. 01, 2017 (GLOBE NEWSWIRE) — A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/223c4b23-eb60-41ef-97d2-c37dedb593bb Q317 loss per diluted share was $2.23 compared to income of $0.34 per diluted share in Q316. Adjusted (non-GAAP)1 Q317 earnings per diluted share were…
Khushru Jijina, managing director of Piramal Finance and Piramal Housing Finance Ltd, will head Piramal Capital. Photo: Aniruddha Chowdhury/Mint Bengaluru: Piramal Enterprises Ltd is restructuring its financial services business by consolidating its real estate and non-real estate financing arms and the newest housing finance business under a single new entity, Piramal Capital, to offer end-to-end…
By Gayathree Ganesan Under Armour profit hit by restructuring charge (Reuters) – Under Armour Inc <UAA.N> slashed 2017 forecasts and reported its first quarterly fall in revenue since going public on Tuesday, as the sportswear firm struggled to make inroads against global rivals Nike <NKE.N> and Adidas <ADSGn.DE>. Shares of the maker of Stephen Curry…
LOS ANGELES, CA / ACCESSWIRE / November 1, 2017 / Spotlight Capital Holdings, Inc. (OTC PINK: SLCH) (“Spotlight” or the “Company”) today enthusiastically announced a substantial corporate restructuring intended to significantly enhance the Holding Company’s over-all future business plans, while maintaining its ability to execute on its existing core business model within the Entertainment industry.…
BALTIMORE, Oct. 31, 2017 /PRNewswire/ — Under Armour, Inc. (NYSE: UA, UAA) today announced financial results for the third quarter ended September 30, 2017. The company reports its financial performance in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release refers to “currency neutral” and “adjusted” amounts, which are non-GAAP…
TOKYO–(BUSINESS WIRE)–Mitsubishi UFJ Financial Group, Inc. (MUFG) announced the functional realignment of its group subsidiaries in its press release titled Functional Realignment of Group Subsidiaries issued on May 15, 2017 (the May 15 Press Release). To implement the functional realignment, Mitsubishi UFJ Trust and Banking Corporation (the Trust Bank) and The Bank of Tokyo-Mitsubishi UFJ,…
TOKYO–(BUSINESS WIRE)– Mitsubishi UFJ Financial Group, Inc. The Bank of Tokyo-Mitsubishi UFJ, Ltd. Mitsubishi UFJ Trust and Banking Corporation Corporate Split and Business Transfers under Functional Realignment of Group Subsidiaries Tokyo, October 31, 2017— Mitsubishi UFJ Financial Group, Inc. (MUFG) announced the functional realignment of its group subsidiaries in its press release titled Functional Realignment…
Shares in Reliance Communications jumped as much as 16 per cent on Tuesday after the troubled Indian telecoms company announced a debt restructuring proposal that would dramatically shrink its business, while handing a majority equity stake to its creditors. RCom, controlled by tycoon Anil Ambani, has been struggling to service Rs457bn ($7bn) of debt amid a price…