Naked Wines Doubles Profitability to £3.6 Million Despite 18% Revenue Drop Cost cuts, higher margins, and reduced customer acquisition spending drive turnaround as company narrows losses and boosts cash reserves

Naked Wines Doubles Profitability to £3.6 Million Despite 18% Revenue Drop #NakedWines #Profitability #RevenueDrop #CostCuts #HigherMargins

Verizon CEO: We're tired of losing, let's play to win October 29, 2025 - Verizon's CEO has been on the job for less than a month, and he's already seen enough to know changes need to be made.

#Verizon CEO: Cost cuts will increase competitive position
The affirmation comes as Verizon logged higher wireless churn during Q3, though it also saw higher consumer and business services revenue.
#CostCuts

thedesk.net/2025/10/veri...

Siemens Energy plans cost cuts, offshore ramp-up to break even wind unit © Reuters. FILE PHOTO: The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo FRANKFURT (Reuters) -Siemens Energy is banking on further cost cuts and an ongoing ramp-up of offshore wind activities to meet its goal of breaking even at its loss-making Siemens (ETR:SIEGn) Gamesa unit, executives told analysts on Wednesday after presenting quarterly results. ($1 = 0.8634 euros) With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is SIEGn one of them?

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Magna raises sales forecast, beats quarterly view on cost cuts (Reuters) -Canadian auto parts supplier Magna International (NYSE:MGA) raised annual sales forecast and topped second-quarter estimates on Friday, benefiting from its cost-cutting measures. The company had said in May it would take steps such as restructuring and reduced capital and engineering spending to cushion the hit from sweeping tariffs. U.S. President Donald Trump’s levies have pressured auto companies across the supply chain, forcing suppliers to absorb more expenses or renegotiate with automakers. Peers Aptiv (NYSE:APTV) and BorgWarner (NYSE:BWA) also raised their annual forecasts on Thursday, banking on stronger auto parts demand. Magna expects 2025 sales to be between $40.4 billion and $42.0 billion, compared with its prior forecast of $40.0 billion and $41.6 billion. On an adjusted basis, it earned $1.44 per share for the quarter through June, above analysts’ estimate of $1.14 per share, according to data compiled by LSEG. Total quarterly sales fell about 3% to $10.63 billion, while the estimate was $10.23 billion. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is MGA one of them?

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Sports Stocks Rally as Optimism on Tariffs, Cost Cuts Sparks Wall Street - Sportico.com Sports Stocks Rally as Optimism on Tariffs, Cost Cuts Sparks Wall Street  Sportico.com

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JetBlue plans new cost cuts amid weak travel demand, memo shows (Reuters) -JetBlue Airways is planning a host of new cost-control measures including reducing flights and parking some of its jets, as weak demand for travel hurts margins, according to an internal memo seen by Reuters. The shares of the carrier fell nearly 5% in premarket trading. The airline is also assessing the size and scope of its leadership team and has identified ways to combine or restructure some roles, JetBlue CEO Joanna Geraghty said in the memo to employees. The cost-control measures were first reported by CNBC.

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BofA raises Microchip on sales inflection and cost cuts Investing.com -- Bank of America upgraded Microchip Technology (NASDAQ:MCHP) to Neutral from Underperform on Friday. The bank cited early signs of a sales recovery, aggressive cost-cutting measures, and renewed strategic focus under the leadership of returning CEO Steve Sanghi. “The return of well-regarded prior CEO Steve Sanghi has greatly enhanced the level of restructuring urgency and customer/product focus at Microchip,” BofA analysts wrote in a note. They pointed to an improving outlook in industrial markets such as aerospace and defense, which are key end markets for the company. Following a better-than-expected earnings report, BofA raised its price objective for Microchip to $56 from $44, noting that the upgrade comes despite the company still facing a “very deep” downturn. “MCHP’s 50-60% peak-trough correction remains the deepest in the industry,” the firm noted, and recovering its prior earnings power without a strong macro rebound is “a risky assumption in the current macro environment.” Still, BofA is optimistic about the company’s earnings potential. “Even a modest sales rebound could translate into outsized earnings leverage,” analysts wrote. They forecast a potential return to normalized $3 per share earnings by fiscal 2028, supported by gross margins expanding from ~53% to the low-60% range and improved operating efficiencies. BofA now expects pro forma EPS of $0.96/$2.11/$2.73 for calendar years 2025 through 2027. Cost-saving actions are said to be central to the turnaround story. “Mgmt. is highly focused on turnaround efforts,” BofA said, citing the closure of Microchip’s Tempe fab, a 10% reduction in workforce, and a reoriented go-to-market strategy. While risks remain, BofA sees earnings inflection and operational discipline as meaningful offsets to these challenges.

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Southwest Airlines to slash 15% of corporate jobs in ‘unprecedented’ move to cut costs
#SouthwestAirlines #Layoffs #AirlineIndustry #CostCuts #Economy
www.youtube.com/watch?v=EGqb...

Focus on “efficiency” : Telltale sign of leaders losing their innovation mojo

#layoffs #costcuts #service-dilution