Sports Direct withdraws Debenhams CVA lawsuit, but will fund another

Sports Direct withdraws legal challenge pertaining to Debenhams’ CVA. However, it will continue to fund an ongoing challenge by Combined Property Control Group Sports Direct recently said it had “no intention of withdrawing its challenge to the Debenhams Group” By guest author Elias Jahshan from Retail Gazette Sports Direct has withdrawn its lawsuit against Debenhams … More Sports Direct withdraws Debenhams CVA lawsuit, but will fund another

IBM Study shows Data Breach Costs on the Rise – Financial impact felt for Years

IBM Study Shows Data Breach Costs on the Rise; Financial Impact Felt for Years Breaches pose growing Risk for Small Businesses, costing up to 5 % of Annual Revenue IBM (NYSE: IBM) Security announced June 23, 2019, the results of its annual study examining the financial impact of data breaches on organizations. According to the … More IBM Study shows Data Breach Costs on the Rise – Financial impact felt for Years

BASF Group sales slightly lower in second quarter – EBIT before special items considerably below prior-year quarter

Brudermüller: “BASF is implementing strategic growth initiatives rapidly, thoroughly and rigorously.” The macroeconomic environment became challenging for BASF in the second quarter of 2019. “There is currently high uncertainty, low visibility and poor predictability,” said Dr Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, during a conference call. “Our second-quarter results … More BASF Group sales slightly lower in second quarter – EBIT before special items considerably below prior-year quarter

Airopack Technology Group – Agreement reached with Major Lenders

Airopack Technology Group AG (“Airopack”) announced July 23, 2019 that by decision dated 22 July 2019, the Cantonal Court of Zug, at the request of Airopack and its administrator, has approved certain agreements entered into by Airopack and its sole remaining subsidiary I.P.S. Holding B.V. with the major lenders. Under the agreements and as anticipated … More Airopack Technology Group – Agreement reached with Major Lenders

Clariant with growing sales and operating cash flow in the first half year 2019

•             Entire Masterbatches and Pigments to be disposed, reclassified to discontinued operations •             Sales from continuing operations grew by 4 % in local currency to CHF 2.229 billion •             Continuing operations EBITDA before exceptional items softened by 2 % in Swiss francs to CHF 355 million with a 15.9 % EBITDA margin •             One-off CHF … More Clariant with growing sales and operating cash flow in the first half year 2019