WA streetwear retail chain Live Clothings stores will be closed over the next month with the loss of about 90 jobs following failed efforts to save the business. However, the insolvency experts managing the failed 24-year-old business have emphasised they are still open to offers for all or parts of Live from interested parties. Live…
(BusinessDesk) – Carpet maker Cavalier Corp [NZX:CAV] reported an improved first-half net profit on better margins, after restructuring the business to reduce costs and introduce a more efficient manufacturing system. Net profit rose to $1 million, or 1.5 cents per share, in the six months ended Dec. 31, from $31,000 in the prior period. Revenue fell to $75.3 million from…
John McGrath, the salesman who founded the first ASX-listed real estate agency, will tomorrow take back control of the company bearing his name, hoping to reverse a slide in revenue and profits. Revenue at ASX-listed real estate agency McGrath fell 23% to $51.6 million for the half year to December. The company posted a lost…
Walmart is cutting some department manager positions at lower volume stores. Many of the workers impacted by the cuts will be placed in other jobs at Walmart, including other management positions, Walmart said Walmart said last month it was removing 3,500 salaried co-managers and adding 1,700 lower-paid assistant store managers. Walmart also announced in January…
Gregory Meyer in New York February 14, 2018 Bunge has revealed an exceptionally weak finish to 2017, with results that will intensify questions over the future of the 200-year-old global agricultural trading house as an independent company. It buys crops from farmers for processing into ingredients and feeds, or for bulk shipment to customers around…
Gregory Meyer in New York February 14, 2018 Bunge has revealed an exceptionally weak finish to 2017, results that will intensify questions over the future of the 200-year-old global agricultural trading house as an independent company. New York-listed Bunge on Wednesday reported a loss of $60m, or 48 cents per share, in the fourth quarter,…
Wed, Feb 14, 2018 – 6:41 PM THE board of travel website Asiatravel.com announced it is taking steps to streamline the group’s business and focus on profitability after undertaking a “comprehensive review” of its various businesses. The group announced – after the market had closed – that it will undertake a restructuring exercise to divest,…
MUMBAI, INDIA, Feb. 13, 2018 (GLOBE NEWSWIRE) — Aurionpro Solutions Ltd (NSE:AURIONPRO) (BSE:532668), a leading provider of technology solutions for Banking, Digital Innovation and Cybersecurity, today announced its consolidated financial results for the third quarter and nine months ended December 31, 2017. Q3 FY17-18 Financial Highlights Key highlights for the Q3 of FY17-18 are: Total…
Ulster Bank drawn into scandal of RBS restructuring unit Peter ODwyer, Senior Ireland Business Reporter Of more than 2,000 Irish customers transferred to the RBS Group restructuring unit only about 100 survivedAIDAN CRAWLEY/GETTY The Central Bank is facing new calls to investigate Ulster Banks controversial business restructuring unit after a leaked report criticised its parent…
General Motors Co said it will close one of its four plants in South Korea and incur an $850-million (£630.9 million) impairment charge as part of a restructuring of its money-losing business in Asia’s fourth-biggest economy. The U.S. auto maker said it would decide the future of its remaining South Korean operations within weeks, and…