Since joining Kroll in 2011, Niamh has developed broad industry knowledge across many sectors, having worked on numerous complex assignments, with specific experience in the areas of financial advisory, due diligence, corporate restructuring, advisory and strategic reviews. She plays an important role in the project management of a number of high-profile property assignments consisting of…
Reuters. Alibaba’s (NYSE:) price target was cut to $160 from $175 by Susquehanna on Tuesday, with analysts maintaining a Positive rating on the stock. They believe the focus for Alibaba has shifted to restructuring, which is a potential long-term driver. “BABA continues to face pressure related to the macro and lingering pandemic impacts, though the…
Reuters. Alibaba’s (NYSE:) cloud division has started to cut jobs and could eventually reduce the total workforce by roughly 7%, Bloomberg News reports. The restructuring process has begun as the unit prepares for a spinoff within the next 12 months. The aim of the process is to streamline the once fast-growing business. An initial public…
Mlenny Elevator Pitch I continue to award a Buy rating to Korea Electric Power Corporation (NYSE:KEP) [015760:KS] shares. In my prior article for Korea Electric Power written on March 9, 2023, I discussed about the prospects of a turnaround for KEP. My current update for KEP focuses on the company’s new corporate restructuring program and…
Consulting firm EY recently had to shelve plans for a restructure after internal disputes among US colleagues. Major changes such as mergers and restructures are doomed to failure without getting employees on board and being transparent about how they will be affected, says Michael Hibbs. It has recently been reported that top four accounting and…
Sony has been aggressively growing its entertainment and electronic equipment segments in the last couple of years. In a new move, the company plans to divest some of its other business to fund growth for these two divisions. Sony will be relisting its Financial arm as a publicly traded company. The Japanese multinational conglomerate is…
Business restructuring and advisory firm Begbies Traynor is set to reveal sales and profits ahead of targets after being boosted by a jump in corporate collapses. The Manchester-based firm said it has seen insolvency numbers continue to rise over the past year as firms feel the pressure of soaring cost inflation and reduced consumer spending.…
Proposed Bill: Partial Amendment to the Corporate Restructuring Promotion Act Proposed by Rep. Kim Jong-min (Democratic Party of Korea) The Corporate Restructuring Promotion Act was initially enacted in 2001 to enable autonomous restructuring between financial creditors and companies. Due to its effectiveness in normalizing the operations of financially troubled companies and reducing damage to vulnerable…
By Christian Moess Laursen Blackbird said Monday that it has restructured its business and will save around 500,000 pounds ($622,300) annually as a result. The U.K. developer of a cloud-video platform said the restructuring has led to a number of employees leaving the company. Blackbird will focus on growth opportunities in North America, Latin America…
United Arab Emirates May 22, 2023 Leading global professional services firm Alvarez & Marsal (A&M) today released the first edition of its Middle East Turnaround and Restructuring Survey for Q1 2023. The survey asked respondents to indicate whether they anticipate an increase or decrease in businesses experiencing financial distress across the GCC, together with their…