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Saturday, October 19, 2019

Tag: turnaround

Khazanah hires Morgan Stanley for Malaysia Airlines strategy

The investment bank will be responsible for looking at options for the airline, including a potential stake sale.

Toy magnate eyes hostile moves to merge with uninterested Mattel

'I’m looking at other options, frankly, because I don’t think the board is looking to do what’s right for Mattel shareholders, says Larian, CEO of MGA Entertainment Inc.

Britain’s M&S shows pain of latest turnaround with 10% profit fall

Despite the profit fall, M&S says its 'transformation plan' is on track and that the pace of change will accelerate in its new financial year.

Maersk management given time to turn around ‘supertanker’

The company has faced a series of setbacks including last week abandoning plans to sell its offshore services business.

Back to black: Cathay expects to end two years of losses

The profit alert indicates that Cathay Pacific's move to add international routes and better service on board its flight have paid off. 

Don’t expect high dividend for 2018, says TH CEO

Zukri Samat says Tabung Haji is currently undergoing a turnaround and, therefore, depositors should not raise their expectations too high.

Ericsson gains as CEO’s cost-cutting turnaround takes hold

Profitability improved at a quicker pace than analysts had estimated for the second consecutive quarter, as cost cuts boosted earnings and customers embraced new products.

Malaysia Airlines’ relisting hopes in jeopardy, says report

Industry player says the national carrier may have trouble achieving its turnaround goals within the stipulated timeframe.

AirAsia’s passenger traffic up in Q4 last year

Analysts say the fourth quarter may contribute up to 50% of the airline’s annual profit due to high passenger traffic during the holidays and festive season.