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Coronavirus: UK government draws up plan to rescue key firms

2020-05-25 02:14:30| BBC News | Business | UK Edition

The government could aid strategically important firms impacted by the coronavirus pandemic.

Tags: plan key government firms

Coronavirus: Wetherspoons sets out post-lockdown plan for pubs

2020-05-22 12:21:38| BBC News | Business | UK Edition

The pub chain has said that staff will be given face masks and protective eyewear when pubs reopen.

Tags: plan sets pubs plan sets

HPE starts 3-yr cost reduction plan after Q2 hit by supply shortages

2020-05-22 09:32:00| Telecompaper Headlines

(Telecompaper) HPE reported generally lower results for its fiscal second quarter to end April, greatly hit by the global economic lockdowns enacted since February. HPE GreenLake provided a boost to the company, as did its Intelligent Edge Business in North America. But to help navigate the tough times, HPE started a new plan to reduce costs and prioritise investments and resources. Under the three-year Cost Optimization and Prioritization Plan, to run through fiscal year 2022, HPE aims to generate gross savings of at least USD 1.0 billion, with annualised net run-rate savings of at least USD 800 million. It also expects cash funding payments of USD 1-1.3 billion.

Tags: plan cost hit supply