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VEREIT: The Turnaround Continues
2016-02-25 22:54:00| National Real Estate Investor
Albert Alfonso VEREIT has had a difficult time in regaining investor trust and confidence it lost after the accounting scandals in 2014. read more
Tags: continues
turnaround
UPDATE 2-Target comp sales beat shows turnaround efforts gaining traction
2016-02-25 06:16:17| Apparel - Topix.net
Feb 24 Target Corp's quarterly comparable sales beat analysts' estimates, helped by higher traffic and strong demand for goods in its higher-margin signature categories, which include apparel, products for children, and health and wellness items. The retailer, whose shares were up 1.2 percent at $74.89 in early trading on Wednesday, also forecast a higher-than-expected adjusted profit for the full year.
Tags: sales
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update
efforts
UPDATE 3-Brazil's Usiminas slumps as turnaround plan remains uncertain
2016-02-18 22:06:17| Steel - Topix.net
Feb 18 Shares in Usinas Siderurgicas de Minas Gerais SA slumped on Thursday after shareholders failed to agree on a plan to help the money-losing Brazilian steelmaker weather a slumping domestic economy and alleviate its swelling debt burden. On a call to discuss fourth-quarter results, executives said controlling shareholders Nippon Steel & Sumitomo Metal Corp and Techint Group are studying steps to bolster Belo Horizonte, Brazil-based Usiminas.
Tags: plan
update
remains
uncertain
Coca-Cola Amatil hails turnaround plan as FY profits rebound
2016-02-17 12:20:00| Daily beverage news and comment - from just-drinks.com
Coca-Cola Amatil (CCA) has said its cost-cutting plan is ahead of schedule after the company returned its Australian soft drinks business to full-year growth.
Tags: plan
profits
turnaround
rebound
Vimpelcom targets margin turnaround in 2016
2016-02-17 08:36:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported 2015 results in line with its outlook and forecast a slightly better performance in 2016. The company's revenue was down 1 percent and service revenue flat on an organic basis, and the EBITDA margin fell 0.8 percent points to 40.8 percent in 2015. In 2016, Vimpelcom also expects service revenue flat to a low single-digit organic increase, while the underlying EBITDA margin should be flat to 1 percentage point higher. Vimpelcom expects to benefit this year from cost savings from its planned mergers in Italy and Pakistan as well as increased infrastructure sharing in countries such as Russia. In the fourth quarter, the company said it saw improvement in some markets. While reported revenue was still down 23 percent year-on-year to USD 2.30 billion due to negative currency effects, organic revenue growth was 1 percent. Adjusted EBITDA fell 22 percent to USD 898 million, but was up 5 percent on an organic basis, and the margin rose to 39.0 percent from 38.4 a year ago.
Tags: targets
margin
turnaround
vimpelcom
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