Press Trust of India reported that Rashtriya Ispat Nigam Limited has decided to initiate a slew of financial restructuring measures and merge a subsidiary with itself for better valuation during disinvestment. Indian steel minister Mr ...
Tags: steel, financial restructuring, financial, reserves
The coatings industry in Europe has been bracing itself for an extremely difficult 2012 in which much of the region will be suffering from the effects of a severe economic downturn mainly due to the impact of the troubles with the euro on ...
Tags: coatings industry, Europe, OECD, severe economic downturn
Irish food manufacturer Kerry Group has booked a decline in first-half profits. In the six months to the end of June, profits after taxation dropped to EUR107.6m (US$132.8m) from EUR144.4m last year. Operating profit declined 23.9% to ...
Tags: Irish food, first-half profits, EPS guidance
The DIY-superstore sales channel B&Q, owned by Kingfisher, intends to tighten up its organisational structure and in the process axe roughly 220 of the current roughly 1,200 work force at its headquarters in Eastleigh, the British magazine ...
Tags: B&Q, restructuring measures, report
In response to the ongoing challenging market situation in the photovoltaic sector, Meyer Burger Technology Ltd. is further expanding its current consolidation and optimisation programme. Since the beginning of 2012, the company has ...
Finnish timber-giant UPM-Kymmene achieved an improved operating profit of m in its Forest and Timber business division in spite of lower sales and shipments in the third quarter. Without consideration of extraordinarycosts for the ongoing ...
Tags: market view, timber