Editorial Team

Siemens to cut 3,300 Jobs in Germany

German engineering giant Siemens plans to cut 7,800 jobs worldwide as part of an ongoing restructuring plan aimed at saving US$1.15 billion. Currently, the company employs more than 300,000 staff worldwide.

Editorial Team

06/02/2015

Technology

BT Agrees US$19 Billion EE Deal

BT has spent the last few weeks in exclusive talks with the owners of EE, Orange and Deutsche Telekom to negotiate a deal.

Editorial Team

05/02/2015

Articles Finance FinTech

Spanish Bank Santander Posts Jump in Profit in Q4 2014

Santander, the euro zone's biggest bank, has posted close to a 70 percent jump in fourth quarter profit from a year earlier, lifted by earnings from its lending business and as charges on soured loans fell. The Spanish bank said net profit was US$1.67 billion in the October-December period of last year - the first quarter under new CEO Ana Botin, who has shaken up the lender with management changes and recently bolstered capital through a cash call. The profits were slightly below the forecasted US$1.68-billion quarterly profit. Alongside other companies who also posted their results this month, Santander revised 2013 earnings downwards to reflect payments to deposit guarantee funds. Without that restatement, fourth quarter net profit would have risen just 37 percent.

Editorial Team

04/02/2015

Supply Chain

Bibby Ship Management Appoints New Regional Managing Director

There are exciting times ahead for Bibby Ship Management with the recruitment of a new Regional Managing Director for the UK and Isle of Man, Andrew Rodden.

Editorial Team

03/02/2015

Construction

CRH to Buy Lafarge for US$7.3 Billion

Irish building supplies group CRH says it agreed to pay US$7.35 billion for assets Lafarge and Holcim were obliged to sell ahead of their planned merger.

Editorial Team

02/02/2015