The biggest overhaul in a decade at BT has begun to be felt with job cuts reducing costs and boosting first quarter profit. Gavin Patterson, the outgoing chief executive, said plans to transform the telecoms groups operating model had led to the reduction of about 900 roles and improved its cost performance. Adjusted earnings rose…
Achaogen, headquartered in South San Francisco, announced that as part of its strategic update and corporate restructuring, it will eliminate 80 positions, or about 28 percent of staff. Achaogen focuses on drugs to treat multi-drug resistant (MDR) gram-negative infections. On July 20, the company announced that Zemdri, which was approved in the U.S. for adults…
Updated July 26, 2018 12:42 p.m. ET Despite posting higher revenue, Under Armour Inc. UAA 4.55% widened its net loss in the latest quarter as the sportswear company restructures itself after facing slowing demand for its products. The Baltimore company reported that revenue for the second quarter jumped 8% to $1.17 billion. Analysts polled by…
Under Armours North America revenues increased for the first time in a year, showing signs that the companys efforts to turn around its business could be taking hold. But a pervasive identity crisis threatens to derail its nascent recovery, according to analysts. Shoppers are confused about what Under Armour stands for due to its lack…
Under Armour edged out Wall Street estimates on both the top and bottom lines in Thursdays second-quarter earnings announcement. It saw North American sales increase for the first time in year. The apparel maker says it will take about $US80 million in additional restructuring charges. Shares are up 5.5% in early trading. Watch Under Armour…
GlaxoSmithKline unveiled a major restructuring programme on Wednesday (PA) Pharma giant GSK announces major restructuring drive to cut £400m in costs Independent.ie GlaxoSmithKline has announced a major restructuring programme that will see the company slash £400 million in annual costs in an effort to bolster research spending. https://www.independent.ie/world-news/pharma-giant-gsk-announces-major-restructuring-drive-to-cut-400m-in-costs-37153564.html https://www.independent.ie/world-news/article37153562.ece/e3095/AUTOCROP/h342/ipanews_08d9fa89-5980-47c5-a6e6-669167091b3e_1 Email GlaxoSmithKline has announced a major…
Germany’s biggest lender Deutsche Bank said Wednesday a major restructuring under its new chief executive was in full swing, as it confirmed second-quarter profits that beat analysts’ previous expectations. Net profits reached 401 million ($468 million) on the back of 6.6 billion in revenue, in line with preliminary figures the lender released earlier this month.…
FRANKFURT, Germany (AP) Germany’s struggling Deutsche Bank says net profit fell to 401 million euros in the second quarter from 466 million euros a year earlier as the bank incurred higher costs from its restructuring. The profit beat analyst estimates for 209 million euros and the bank said it was making quicker progress in cutting…
The major bank is expected to deliver a $9.9 billion cash profit when it reports its earnings next month, but major regulatory changes and demerger plans are muddying the forecast. CBA will deliver its fiscal 2018 results on 8 August, which Morningstar analyst David Ellis anticipates will be messy. We forecast an underlying $9.9 billion…
Written by Alia Paavola | July 24, 2018 | Print | Email Embattled OxyContin maker Purdue Pharma hired Steve Miller, a famous figure in corporate restructuring, to head its board as the drugmaker seeks to overhaul its business and distance itself from the U.S. opioid crisis, Bloomberg reports. Here are six things to know: 1. Miller became…