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ACCO Brands is eyeing structural cost reductions next year as it looks to tackle the softening macroeconomic conditions. Speaking on yesterday’s quarterly earnings conference call, CEO Boris Elisman referred to “structural cost reduction initiatives to be implemented in 2023” as the company expects the business environment to remain challenging. Without going into specifics, he said
Distributor DCC Technology – which mainly trades as Exertis – has reported an adjusted operating profit increase of more than 50% in the first half of its financial year. In the six months ended 30 September 2022, DCC Technology generated adjusted operating income of £45.5 million ($52 million), around 53% up on the previous year
Xerox’s share price plummeted by around 20% in early trading on Wall Street today after its Q3 earnings missed on both the top and bottom lines. The tech company reported third quarter sales of $1.75 billion, essentially flat compared with last year, but up by almost 5% on a constant currency basis. The Americas region
Remanufactured ink and toner supplier Armor Print Solutions has named a former HP exec as Director of its key French market. Taking on this newly created role is Philippe Chaventré, until recently Sales Director of HP France’s Office Printing Services & Solutions division. Chaventré spent more than 14 years in a number of roles at
HP Inc has appointed a permanent Chief Commercial Officer (CCO) to take on the role vacated by Christoph Schell earlier this year. Schell left HP in February to join Intel. Since then, company veteran Luciana Broggi has been filling in on an interim basis. Along with the news that Broggi is to retire from HP