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Analysis - Cott Corp searches for stability, but sale seems off-limits
2014-02-06 14:14:00| Daily beverage news and comment - from just-drinks.com
With Cott Corp admitting this week that it is considering its options, one could be forgiven for concluding that the firm is desperate to find some calm at last.
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analysis
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Alcatel-Lucent improves margins, agrees Enterprise sale
2014-02-06 09:19:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent reported stable revenues and improved operating profit in the fourth quarter, while also taking the next step in narrowing its focus with the agreed sale of its enterprise business. Revenues were down just 0.1 percent at constant exchange rates to EUR 3.930 billion, and adjusted operating profit improved to EUR 307 million from EUR 115 million a year ago. The company posted a net profit of EUR 138 million, versus a loss of EUR 1.56 billion a year ago when it took a number of asset writedowns. Alcatel said it achieved EUR 363 million in cost savings last year, beating its target of EUR 250-300 million. The group also posted free cash flow of EUR 363 million in Q4, up slightly from a year ago and leaving it with net cash of EUR 149 million at year-end. In addition, the company reached an agreement to sell its Enterprise business to China Huaxin, a technology investment company. The deal values the activities at EUR 268 million, and Alcatel will retain a 15 percent stake in the operations. Alcatel-Lucent reiterated its targets for 2015, including revenues for the Core Networking segment of more than EUR 7 billion (versus EUR 6.1 billion in 2013) with an operating margin over 12.5 percent (7.7 percent in 2013), EUR 1 billion in cost reductions by the end of 2015 and at least EUR 1 billion in asset disposals.
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Nestlés foodservice unit Davigel may be put up for sale
2014-02-06 01:00:00| Food Processing Technology
Nestlé is said to be exploring options to divest its French foodservice unit Davigel as it seeks to trim its portfolio of brands.
Sony confirms 5,000 job cuts, sale of PC business
2014-02-06 01:00:00| Total Telecom industry news
Japanese electronics maker expects to swing to full-year net loss.
Germany considers sale of Deutsche Telekom shares
2014-02-05 21:22:45| Telecom - Topix.net
The German government is considering selling shares in Deutsche Telekom to cash in on the stock's 45-percent rise over the past year, two people familiar with the matter said.
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germany
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