Global

CocaCola to cut 1,200 jobs from mid 2017
Global

CocaCola to cut 1,200 jobs from mid 2017

As part of its analysts press conference, James Quincey, CocaCola’s Chief Operating Officer, COO said the company will reduce it workforce by 1,200. The job cuts will start by mid 2017 to end by 2018. As part of its refranchising exercise, CocaCola said it will reduce its overall staff strength […]

Nestle is cutting 300 jobs in the UK
Global

Nestle is cutting 300 jobs in the UK

Nestle, the Swiss foods giant said it will be cutting about 298 jobs in the United Kingdom. The move is part of its plans to downweight its operations and also leave the European Union on the larger scale. According to Reuters News Agency, the Fawdon site in northeast England will […]

JetBlue first quarter earnings misses estimate
aviation

JetBlue first quarter earnings misses estimate

JetBlue Airways Corp., said its first quarter operating revenue fell to USSD1.60 billion. This is a slight miss for the company as the consensus analyst expectation of analysts was USD1.62 billion. Operating revenue per available seat mile decreased 4.8 percent to 11.81 cents from a year earlier. JetBlue Chief Executive […]

Standard Bank net profit slows down in Q1
Global

Standard Bank net profit slows down in Q1

Standard bank, South Africa’s second largest lender after FirstRand said its first quarter net interest income saw a slow growth of ‘low single digit’ The bank told analysts shortly in Johannesburg that: “Subdued credit demand in South Africa combined with tighter risk appetite across the Africa Regions translated into muted […]