Alcatel-Lucent looks to cut costs
It is looking for savings of £1.4bn and plans to cut 10,000 staff. The company made an annual loss of $1.6bn last year.
Many of the cuts will come in France.
Story provided by StockMarketWire.com
|Markets @ 10:29AM|
MoneyAM website is aimed at investors of all levels of experience including City professionals, investors and full-time traders.
Shares is the leading weekly publication for high net worth private investors and stock market professionals and as such is read weekly by thousands of private investors, analysts, fund managers, stockbrokers and company directors.
Brokerforecasts.com publishes equity upgrades, downgrades, reiterations, resumption and drops in coverage, as well as price target changes to a desktop or via alerts to email.
All recommendations are delivered and updated as soon as possible after release. The majority will be on brokerforecasts.com prior to market open.
Company directors know the state of their business better than anyone. That's why professional investors like to keep a close watch on the directors who are buying and selling and often follow their lead. DirectorsHoldings.com provides all the necessary screening and search tools.