2019-11-27 21:29:42| Business - International Herald Tribune
The timing is as precarious as ever. Global regulators still need to approve a software fix.
2019-11-26 22:27:01| Telegraph Business
2019-11-26 10:00:20| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial news, as e-commerce giant Alibaba comes home to Hong KongIntroduction: Alibaba floated in Hong Kong todayShares leap 6.5% in vote of confidence 9.00am GMT De La Rue also warned shareholders that its debts have risen, putting more pressure on its ability to keep within its banking covenants.It says:As at the 28 September 2019 the Groups net debt was 170.7m [up from 107.5m in March] and the net debt/EBITDA ratio adjusted for the basis of the banking covenant was 2.72 times, both of which are significantly higher than previously forecast. 8.52am GMT While Alibaba romps away, UK bank note maker De La Rue is having a torrid morning.Shares in De La Rue have plunged by 20% this morning, after it reported an 87% plunge in operating profits for the last six months.The business has experienced an unprecedented period of change with the Chairman, CEO, senior independent director and most of the executive team leaving or resigning in the period. This has led to inconsistency in both quality and speed of execution.The new Board is working to stabilise the management team, which we believe will take some time. Continue reading...
2019-11-25 22:18:10| Fool.com Headlines
Investors' eyes will be focused on whether a new CEO can bring the company back into style.
2019-11-25 05:19:04| Mondaq.Com
Neil Williams of business crime solicitors Rahman Ravelli says the challenge is a large one.