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Lloyds cuts a further 3,000 jobs and doubles branch closure plan
2016-07-28 09:30:36| BBC News | Business | UK Edition
Lloyds Banking Group says it will cut a further 3,000 jobs and close 200 more branches, even as it reports a doubling of pre-tax profits.
The Coca-Cola Co cuts FY sales forecast as Q2 profits grow - results
2016-07-27 14:09:00| Daily beverage news and comment - from just-drinks.com
A rise in price/mix and a Germany-related gain in the second quarter helped pull Coca-Cola Co's bottom line into growth for the first six months of this year.
Deutsche Bank threatens deeper cost cuts as profits dive
2016-07-27 09:18:57| BBC News | Business | UK Edition
Deutsche Bank warns further cost cutting might be needed as profits dive 98% in the second quarter amid low interest rates and volatile markets.
KPN Q2 sales fall 3.7%, profits increase on cost cuts
2016-07-27 08:19:00| Telecompaper Headlines
(Telecompaper) KPN reported second-quarter sales down 3.7 percent to EUR 1.68 billion, while EBITDA was up 1.9 percent to EUR 579 million thanks to cost reductions. EBIT increased 21 percent to EUR 205 million, and net profit rose 1.3 percent to EUR 162 million. Capital expenditure at the Dutch operator edged 2.0 percent higher at EUR 312 million, and free cash flow increased 9.5 percent to EUR 254 million. KPN maintained its outlook for flat EBITDA, capex of EUR 1.2 billion and free cash flow over EUR 650 million in 2016.
Tags: sales
cost
increase
fall
Microsoft cuts Xbox One price to $249 ahead of Xbox One S launch
2016-07-26 16:22:32| Extremetech
Microsoft's Xbox One refresh drops soon and the company is cutting current prices to prep for it. The current Xbox One is down to $249 -- a far cry from its $500 debut price, even without Kinect.
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