All the updated news related to restructure

All the news related to restructure updated in real time

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City

Reckitt sees sales slide after £100m tornado hit to baby formula

Household goods giant Reckitt Benckiser has revealed falling third-quarter revenues after a £100 million hit to Mead Johnson baby formula powder sales following tornado damage to a key warehouse in the US. The Nurofen-to-Dettol maker said ...

23 Oct 2024 at 08:54

City

Revolution Bars plans to close some venues after High Court approves overhaul

The boss of struggling Revolution Bars has said he is “very pleased” to have secured High Court approval for its restructuring plan, which could stave off potential insolvency but result in the closure of around 25 bars. The hospitality ...

09 Aug 2024 at 08:12

City

HSBC announces overhaul with bank split into East and West

HSBC has unveiled an overhaul of its global structure as new boss Georges Elhedery seeks to reduce costs and focus on the bank’s strongest divisions. The bank said it is simplifying operations by splitting into four key units, and ...

22 Oct 2024 at 12:21

Poundland: List of stores closing after restructuring approved

Poundland is to push ahead with more store closures after receiving court approval for a major restructuring plan. In June, the discount retail chain said it planned to permanently shut 68 shops after being sold by Pepco Group to ...

26 Aug 2025 at 15:26

City

New Rio Tinto boss restructures mining firm’s operations

The new boss of Rio Tinto has launched a major restructure of the mining firm’s operations and leadership team. The Anglo-Australian company said it will review the future of two of its smaller divisions – borates, which ...

27 Aug 2025 at 09:16

Thames Water’s £3bn loan to stave off collapse despite ‘eye-watering’ terms

Thames Water has won approval to borrow £3 billion to prevent imminent collapse, in a high-cost loan deal described by a judge as “eye-watering”. The High Court ruled on Tuesday that the firm could press on with a ...

18 Feb 2025 at 15:57

City

Drax has ‘betrayed’ workforce with plans to cut jobs, union says

A trade union has criticised energy company Drax over plans to cut more than 350 jobs, saying it has “betrayed” its workforce and wider communities. Drax Group said on Tuesday that it was consulting over ...

04 Feb 2026 at 16:54

City

HSBC to start cutting top banker roles as it reveals jump in profit

HSBC has said it will cut senior banker roles over the coming months in a bid to reduce costs after revealing a nearly 10% jump in profits. Chief executive Georges Elhedery said the banking giant is ...

29 Oct 2024 at 14:05

Local News

BREAKING: Up to 60 jobs to go in restructuring at Kilkenny headquartered company

Kilkenny-based nutrition company Glanbia has announced that up to 60 jobs could go in a restructuring of the business in Ireland. The company, which has headquarter offices on the city's ringroad, ...

27 Jan 2025 at 18:33

Thames Water restructuring approved by High Court judge

Plans to restructure Thames Water through a loan of up to £3 billion have been approved by a High Court judge, allowing the struggling utility to stay afloat just weeks before it was set to run ...

18 Feb 2025 at 10:44

TikTok urged to clarify how it will moderate content amid proposed job cuts

MPs have demanded TikTok provides clarity on how it will protect users from harmful content amid proposed job losses. The video-sharing app has put more than 400 jobs at risk in London as part ...

30 Oct 2025 at 00:01

City

Craft beer brewer BrewDog could be broken up as sale process begins

Beermaker BrewDog could be broken up after consultants were called in to help look for new investors. The Scotland-based brewer, which makes craft beer such as Punk IPA and Elvis Juice, has ...

14 Feb 2026 at 12:58

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