iOCO co-CEOs Rhys Summerton, left, and Dennis Venter A turnaround at IT services group iOCO – previously EOH Holdings – is gathering pace. The group said on Tuesday in a trading update to investors that it expects to swing to positive headline earnings per share for the year ended 31 July 2025 when it reports…
Blue Label Telecoms is exploring a JSE debut for Cell C as part of a broader restructuring plan. (Photograph by Lesley Moyo) The proposed separate listing of Cell C, South Africa’s fourth-largest mobile operator, on the Johannesburg Stock Exchange (JSE) could mark a pivotal moment for the debt-laden telco. It has potential to cut its…
Intel CEO Lip-Bu Tan. Laure Andrillon/Reuters Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip-Bu Tan presented a blueprint for a more cost-disciplined, streamlined chip maker that would issue “no more blank cheques”. The job cuts —…
Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024. Jakub Porzycki | Nurphoto | Getty Images As Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with promises to add more seating inside cafes and promote internally. Since CEO…
