All the updated news related to restructuring

All the news related to restructuring updated in real time

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City

Dobbies set to shut 17 garden centres with 465 jobs at risk

Garden centre group Dobbies has revealed plans to shut 17 stores, in a move which will hit 465 jobs. Dobbies Garden Centres said the proposed closures are part of a restructuring plan to help return the business to profit and reduce its rent bill. ...

01 Oct 2024 at 12:30

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 geographically ...

22 Oct 2024 at 12:21

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

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 “moving at pace” with a major ...

29 Oct 2024 at 14:05

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 ...

09 Aug 2024 at 08:12

City

Lloyds to close second UK office and cut roles as part of major shake-up

Lloyds has announced a series of major changes across the banking group which will see more than 1,000 roles impacted as it accelerates plans to cut costs and digitise the bank. It also confirmed plans for the closure of a ...

15 Jan 2025 at 15:32

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, says that while the ...

27 Jan 2025 at 18:33

MP says he intends to appeal against approval of Thames Water restructure plans

An MP has said he intends to appeal against a High Court judge’s decision to approve plans to restructure Thames Water through a loan of up to £3 billion. Charlie Maynard, the Liberal Democrat MP for Witney in ...

18 Feb 2025 at 11:26

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 out of money. ...

18 Feb 2025 at 10:44

Thames Water creditors given go-ahead to appeal against restructuring approval

Some of Thames Water’s creditors and Liberal Democrat MP Charlie Maynard can appeal against the approval of plans to restructure the utility at the Court of Appeal, a High Court judge has ruled. Mr Justice ...

18 Feb 2025 at 14:56

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 ...

18 Feb 2025 at 15:57

Group of Thames Water creditors lose alternative restructuring plan bid

An alternative plan to restructure Thames Water cannot be put to creditors for approval, a High Court judge has ruled, a day after he rubber-stamped a scheme proposed by the utility. Mr Justice Leech ...

19 Feb 2025 at 12:20

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