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Analysts at Deutsche Bank: "Given the more difficult revenue environment we expect questions to management on potential further cost rationalisation".
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Instead, she believes that "further consolidation is a must for longer-term viability, to enable cost rationalisation, test digital strategies and, most importantly, to invest in content – good old quality journalism".
It has identified further cost savings to conserve cash.
It can be assumed that all of these factors may lead sugar companies to implement cost rationalisation and scales economies, finally concurring to increase industrial concentration.
Manufacturing synergies add further cost savings potential.
Further cost containment is necessary," he says.
Several studies have shown the high cost of this malignancy for health-care systems (Goodwin and Shepherd, 1998), leading to profound reflections in an era of health cost rationalisation (Berthelot et al, 2000; Bahl and Falk, 2001).
The new strategy will outline further cost-saving measures.
MERGE 11 currencies into one, and further rationalisation is bound to follow, even or especially among the national central banks of the euro-zone.
Later next month, Rod Eddington, BA's chief executive, will publish the results of an internal report that will lead to further rationalisation and job cuts.
It said: "In our view, this is likely to involve further retrenchment and rationalisation of the business, with profit recovery a long way off".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com