Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

BRIEF-Slater and Gordon updates on proposed reorganisation

Published 29/02/2016, 09:13 am
© Reuters. BRIEF-Slater and Gordon updates on proposed reorganisation
SGH_OLD
-

Feb 29 (Reuters) - Slater & Gordon Ltd SGH.AX :

* FY 2016 H1 financial results

* "Remain convinced that the emerging market environment in the UK will make scale at least as important as it has been in Australia in generating sustainable returns"

* Says "key priority for the 2016 financial year is reducing debt"

* Anticipates that the proposed reorganisation will result in a reduction in the total number of UK employees over the course of the next 12 months

* Reorganisation will not impact co's service to its existing clients; anticipated to result in the closure of a number of current sites

* Says reorganisation costs associated with these plans are likely to be recorded in H2 FY 2016 and beyond

* Reduction in total number of UK employees anticipated to occur through a combination of natural attrition and redundancy

Source text for Eikon ID:nASX6JD9X9

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.