Simon Mundy and Victor Mallet in Mumbai February 19, 2018 Natarajan Chandrasekaran is blunt about what his main priority was when he took over as the head of Tata 12 months ago: I needed to stop the bleeding in major areas. He inherited the reins at Indias biggest business group following one of its darkest…
Shares in real estate listings business Domain have rallied despite the company reporting a half-year loss. In its first result since spinning off from Fairfax Media, Domain posted a statutory net loss of $3.4 million in the first half of the financial year, as restructuring costs weighed on the result. On a pro-forma basis,…
Late last year, amid a barrage of public debate and media attention, U.S. president Donald Trump signed into law what has been widely recognized as the most sweeping U.S. tax legislation in more than 30 years. The move sparked a phenomenon in which practically everyone was thinking, and talking, about taxes. A pervasive event such…
Late last year, amid a barrage of public debate and media attention, U.S. president Donald Trump signed into law what has been widely recognized as the most sweeping U.S. tax legislation in more than 30 years. The move sparked a phenomenon in which practically everyone was thinking, and talking, about taxes. A pervasive event such…
Celebrity chef Jamie Oliver is reportedly considering selling the steak restaurant business he started in 2011, as part of an ongoing restructuring process that also involves the well-known Jamies Italian chain of restaurants. Last week, British newspaper The Sun reported the Jamies Italian chain was $125.9 million (£71.5 million) in debt and Olivers restaurant group…
Noble Group Ltd., the commodity trader thats seeking to restructure its debt, said it expects to report a net loss of between $1.73 billion and $1.93 billion for the final quarter of last year, potentially bringing losses for all 2017 to almost $5 billion. For now, given talks with creditors and finance provided by its…
Gibson Brands Inc., one of the two most iconic guitar companies in music history, is facing bankruptcy after years of challenges, according to a report in the Nashville Post and other sources. The Post reports that the company, which has annual revenues of more than $1 billion, is less than six months away from $375…
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…