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MOORESTOWN, N.J.--(BUSINESS WIRE)--Destination Maternity Corporation (NASDAQ:DEST) (the Company) announced today a restructuring of the Companys corporate product and sourcing teams
TOKYO -- Kawasaki Heavy Industriesplans torestructure rolling-stock operations amid heavy losses, exploring such options as quitting the business andteaming up
The restructuring work atBT has started to deliver early gains after the UK telecoms company said that full-year profit would be at the higher end of its forecast range.
Shares in the company surged 10 per cent to 265.35p, their highest level in almost six months, as investors welcomed a better operational performance and a slightly bolder outlook.
The group said 2,000 staff in management and back office roles had left the company since May as part of a long-term restructuring plan that will ultimately result in 13,000 workers leaving the business over the next three years.
That helped to drive a 2 per cent rise in earnings before interest, taxation, depreciation and amortisation to 3.7bn in the first half as costs dropped 3 per cent….
MOORESTOWN, N.J.–(BUSINESS WIRE)–Destination Maternity Corporation (NASDAQ:DEST) (the Company)
announced today a restructuring of the Companys corporate product and
sourcing teams as part of its efforts to reduce costs following ongoing
rationalization of the Companys overall product mix and improvements in
inventory efficiency. These efforts are expected to yield net cost
savings of approximately $1.2 million – $1.4 million in fiscal year
2019. This restructuring is part of the initial stages of Destination
Maternitys broader strategic plan focused on improving its long-term
growth and profitability.
Marla Ryan, CEO of Destination Maternity commented, Rec…
TWO linked Warrington companies that claimed to be able to recover funds for people who had lost money in alternative investments have been ordered into liquidation by the High Court. Asset Recovery Associates Limited (ARA) was incorporated as a private company in July 2011. The linked company, Asset Recovery Resources (ARR) Limited was incorporated as a private company in December 2012. Both had the same registered office address in Liverpool Road, Warrington. The companies held themselves out as being able to recover funds lost by victims of failed alternative investment schemes. However, an investigation by the Insolvency Service, launched following complaints, found ARRs claims to be false. The reality was that there was lit…
We would like to inform you that 17th meeting of Committee of Creditors of ABG Shipyard Limited was held on Tuesday, 30th October 2018 at 02.00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India.
A staggering one in three SME operators are fearful of falling into insolvency in the near future, amid suggestions that many small businesses are failing to support each other.
Launching its annual Shop Small campaign promoting the value of supporting small business, American Express released new researchthat suggested one-third of business operators fear going to the wall within the next three to five years.
The research incorporated 20-minute surveys with 1,019 Australian adult consumers and 864 small businesses nationwide and was published in a report titled The economy of shopping small: Back your backyard.
It found that shoppers are splashing their cash less often with small businesses than they did just two years ago.
The number of PIAs increased by 65 per cent compared with the same period last yearGETTY IMAGES
The number of people accessing personal insolvency arrangements in Ireland has increased by nearly two thirds over the past year.
A total of 771 new insolvency applications were recorded by the Insolvency Service of Ireland (ISI) in the third quarter of this year, according to its report. Of these, 638 were PIAs.
Meanwhile, 305 PIAs, debt relief notices and debt settlement arrangements were approved by the courts between July and September.
The number of PIAs approved rose by 65 per cent on the same period last year. An increase of 60 per cent was recorded between the third quarter of 2017 and the same period in 2016, suggesting t…
TOKYO — Kawasaki Heavy Industriesplans torestructure rolling-stock operations amid heavy losses, exploring such options as quitting the business andteaming up with other companies.
While the overseas rail market looks promising, the company has been waging fierce competition for orders with rivalsthat have grown in scalethrough consolidation. Japanese peers like Hitachi are likewise struggling abroad amid numerous mishaps.
Kawasaki Heavy said on Tuesday that it will draw up anoutline on train business restructuring this fiscal year. The announcement came the same day it reported a 3.5 billion yen ($31 million) net loss for the half ended September, down from the year-earlier 10.8 billion yen profit.
The 2018 budget is being released today by the Chancellor of the Exchequer, Phillip Hammond, and a lot of it aims to help those who have found themselves with long-term debt.
Phillip Hammond is set to unveil a plan to solve problem debt, helping those trapped in debt which has been caused by payday loans and other forms of high-cost credit. To help people who have found themselves in such a situation, the government will be exploring the idea of zero-interest loans which will be lent out to aid people in paying back their original debt. Essentially, the scheme being introduced is designed to help people escape the cycle of debt that some lending practices have promoted.
(Reuters) – General Electric Co (GE.N) slashed its quarterly dividend to a penny a share, promised to restructure its power unit and said it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.
GE said the U.S. Securities and Exchange Commission and Department of Justice had expanded ongoing investigations to include a $22-billion writedown of goodwill from GEs power division, which GE reported on Tuesday.
GEs restructuring of Power comes as the 126-year-old company, once the most valuable U.S. corporation, is reeling from missteps that have eroded profits and forced it to announce more than $40 billion in writedowns in less than a year, among the largest such actio…
In his speech on Monday Chancellor of the Exchequer Philip Hammond announced there would be targeted support for people repaying debts to help them take control of their finances.
But further analysis of the Budget papers revealed the Government wants to increase breathing space given for people in debt. This will provide a 60-day period of protection from creditor action to help them plan and repay in a manageable way.
It is also introducing a pilot project to provide zero interest loans, which will start early next year. And it has announced 55 million, to be taken from dormant bank accounts, to be deployed by a new independent body to help people access affordable credit.
