News And Announcements
Unilever said to be planning layoffs after activist investor takes stake
Unilever is reportedly planning to slash several thousand management positions.
Amigo shares tank again as CFO steps down
Amigo Holdings shares tumbled again on Tuesday after the guarantor lender announced the departure of chief financial officer Mike Corcoran.
Royal Mail lowers guidance as it cuts 700 manager jobs
British postal carrier Royal Mail is axing 700 managers at a cost of £70m, the company said on Tuesday as it lowered its annual profit outlook after the omicron Covid variant hit Christmas deliveries.
Ergomed earnings above expectations at year-end
Pharmaceutical services provider Ergomed said in a trading update on Tuesday that adjusted EBITDA for 2021 was set to be ahead of current market expectations, reflecting what it called “excellent” operational execution and profit focus across the business.
Capricorn Energy to return $700m to shareholders, production growth beats expectations
Exploration and production firm Capricorn Energy said on Tuesday that it will return approximately $700. 0m to shareholders as production growth at its newly acquired Western Desert Assets in Egypt beat expectations.
Rio Tinto resolves dispute with Mongolia over Oyu Tolgoi mine
Rio Tinto has resolved its long-running dispute with the Mongolian government over the $6. 93bn expansion project for the company’s Oyu Tolgoi copper-gold mining project.
TI Fluid sees annual revenue of €2.95bn; Chair to retire
Motor engineering firm TI Fluid Systems said it expected to post annual revenue of €2. 95bn in a “robust performance” despite chip supply shortages.