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Tag: cuts
Maroc Telecom cuts FY revenue forecast after 2.8% fall in H1
2017-07-24 09:15:00| Telecompaper Headlines
(Telecompaper) Maroc Telecom group's adjusted net profit increased by 5.7 percent to MAD 2.92 billion in the first six months to 30 June from MAD 2.77 billion in the same period in 2016, thanks to the sharp increase in the net income of the African subsidiaries' activities. Revenues however declined by 2.8 percent to MAD 17.09 billion, primarily due to the deregulation of IP telephony in Morocco and the decrease in call termination rates. Maroc Telecom said it now expects lower underlying revenues in the full year.
Ericsson cuts deeper after Q2 loss, lowers market forecast
2017-07-18 08:47:00| Telecompaper Headlines
(Telecompaper) Ericsson has decided to further reduce costs beyond its restructuring plan, after reporting another disappointing quarter of losses. CEO Borje Ekholm said the company was not satisfied with its underlying performance in the second quarter and he sees further downside in the market going forward.
Tags: market
loss
ericsson
cuts
Jack Wills cuts promotions, returns to FY profitability
2017-07-17 14:57:00| Daily apparel & textile news and comment - from just-style.com
UK apparel retailer Jack Wills has announced it is back to profitability thanks to a number of ongoing efficiency programmes and a reduction in promotional activity.
Tags: returns
jack
promotions
cuts
Microsoft plans cuts in reorganisation
2017-07-06 19:42:54| BBC News | Business | UK Edition
The firm is said to be focusing on its cloud computing division, which has shown strong growth in recent months
Tags: plans
microsoft
cuts
reorganisation
House Ag Subcommittee rejects Administrations proposed budget cuts
2017-06-30 21:00:00| National Hog Farmer
Legislative Watch: House Ag Appropriations subcommittee passes FY 18 bill, Ag groups urge Trump to fill USDA positions, EPA moves to rescind WOTUS and USDA halts Brazilian beef shipments.
Tags: house
proposed
budget
cuts
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