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Tag: exit
ConAgra to exit Private Brands labelling business
2015-07-01 01:00:00| Food Processing Technology
US-based packaged food company ConAgra Foods is planning to leave its struggling store-brand packaged food business to focus on enhancing its faster growing brand products, such as Chef Boyardee, Hebrew National hot dogs, and Slim Jim meat sticks.
Tags: business
private
brands
exit
Colt to exit IT service, reduce senior executives
2015-06-30 09:55:00| Telecompaper Headlines
(Telecompaper) Colt has approved a new business plan that will put greater focus on the company's core businesses, namely Network, Voice and Data Centre Services, with a managed exit from IT Services. Cost transformations across the group will also continue to be a key strategic focus, with Colt looking to reduce the number of senior executives in order to simplify and streamline operations. The European carrier has been working on the plan since the beginning of the year; it has now been given a provisional approval by its management board. The plan, which is unrelated to the recent buy-out offer by Fidelity, will be put into effect as quickly as possible. The Business Plan is expected bring cash one-off expenses of EUR 45-55 million and a non-cash impairment charge of around EUR 90 million. There will also be an exceptional restructuring cost of EUR 25 million relating to the Core Business. Savings are seen at EUR 25 million per year, reflected in Core Business EBITDA partially this year and fully next year. Trading is still expected in line with expectations for the second quarter; results will be reported before the end of July. Colt is guiding for a free cash flow for its Core Business of EUR 70-80 million for 2015 and of EUR 100-120 million for 2016, including all restructuring exceptionals and cash outflows.
Tags: service
senior
reduce
exit
Greek no vote 'would mean euro exit'
2015-06-29 23:51:20| BBC News | Business | UK Edition
EU leaders warn Greeks that rejecting creditors' proposals in a referendum on Sunday would mean leaving the euro, as fears of a default grow.
Ashford Trust Plans Exit from Select-Service
2015-06-26 22:11:47| Jewelry - Topix.net
Ashford Hospitality Trust Inc. said Friday it would focus mainly on upper upscale, full-service hotels from now on, and plans to sell off its select-service properties. To that end, the Dallas-based hotel REIT said it would put a portfolio of 23 select-service properties on the market immediately, with plans to divest the remainder opportunistically in the future.
Tags: plans
trust
exit
ashford
HELLA introduces new 24GHz radar-based system; new exit alert function
2015-06-25 13:55:34| Green Car Congress
Tags: system
function
alert
exit
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