News Tag: loss
February 26, 2010
Japan Airlines (JAL), which last month filed for bankruptcy protection, has today posted a net loss of 177.9 billion yen (£1.31 billion, $2 billion) for the nine months to December 2009.
The airline’s executive officer, Norikazu Saito, told reporters it suffered an operating loss of 120.8 billion yen on sales revenue of 1.14 trillion yen - a fall of around 27% against the ...
JAL reports 177.9bn yen loss
by Kay Murchie
Lloyds posts £6.3bn annual loss
by Kay Murchie
February 5, 2010
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier.
However, the loss was much less than analysts’ predictions for a £151 million loss.
Meanwhile, the airline posted a surprise £25 million operating profit in the three-month period, against a ...
BA posts £50m loss in Q3
by Kay Murchie
January 19, 2010
Citigroup, which is the third largest US bank, has today posted a loss for the fourth quarter of 2009, as a result of the repayment of Government loans.
The bank said it repaid $20 billion to the US Government during the 2009 year.
The Wall Street banking giant said losses totalled $7.6 billion (£4.7 billion) for the final three months of last ...
Citigroup reports Q4 loss of $7.6bn
by Kay Murchie
October 22, 2009
Swedish telecoms equipment firm Ericsson has today reported a worse-than-expected 71.5% fall in profits in the July to September period.
The Stockholm-based group said net profit was 810 million kronor (£71.2 million), compared with a 2.84 billion kronor in the same period a year earlier.
In the same period, sales were down by 5.6% to 46.4 billion kronor, down from the ...
Ericsson reports fall in Q3 profits
by Kay Murchie
October 16, 2009
Bank of America has today unveiled a $1 billion (£612 million) net loss for the third quarter - worse than the market had expected.
The figure compares with a net profit of $3.2 billion in the second quarter and $1.2 billion in the same period a year earlier.
The banking giant is the fourth major US bank to report its quarter ...
Bank of America unveils $1bn Q3 loss
by Kay Murchie
October 15, 2009
The world's largest phone maker, Nokia, has today posted a loss for the July to September period sending its shares falling 4% as the market digested the news.
The group said it made a net loss of €913 million (£838 million) for the period, compared with a profit of €1.1 billion in the same period a year ago.
Net sales fell to €9.8 billion compared ...
Nokia reports Q3 loss
by Kay Murchie
September 29, 2009
Camera retailer Jessops has today secured a deal that will save the company.
The struggling retailer has been hit by a shift to digital photography and the economic downturn which has meant it has been fighting to survive.
The company, which trades from more than 200 stores in the UK, is undertaking a solvent restructure that will see its largest creditor HSBC, acquire ...
Camera retailer Jessops agrees rescue plan
by Kay Murchie
August 24, 2009
In presenting its interim results Bovis Homes has reported signs of house price stabilisation, during the second quarter of 2009.
However, the housebuilder describes the UK market as remaining "fragile" with "mortgage valuations continuing to place downward pressure on negotiated prices".
The company completed 754 homes during the first six months of the year, compared to 851 a year earlier ...
Bovis reports signs of house price stabilisation
by Gill Montia
August 5, 2009
Lloyds Banking Group is the latest bank to announce its first half results and the bank, which is 43% owned by the taxpayer, has slumped to a £4 billion loss.
While the bank had warned investors that it would make a loss this year - it wasn‘t as severe as many analysts had originally feared.
However, the bank has been forced to ...
Lloyds Banking Group reports first half loss
by Kay Murchie
August 4, 2009
UBS, which is Switzerland’s largest, bank, has reported a second quarter loss of SwFr1.4 billion (£790 million).
However, the loss is marginally better than the first quarter loss of SwFr1.98 billion (£1.2 billion).
The Swiss banking giant said it remained cautious about its prospects, in view of the challenging environment.
UBS is among one of the worst hit victims of the sub-prime crisis due to ...
Further hefty loss for UBS
by Kay Murchie
Northern Rock posts first half loss
by Kay Murchie
July 22, 2009
Three HSBC firms have been fined £3.2 million for losing customers' confidential details, the Financial Services Authority (FSA) said today.
However, the fines would have totalled more than £4.5 million had the three firms not agreed to settle at an early stage, therefore receiving a 30% discount.
According to the FSA, HSBC Life lost an unencrypted CD with the ...
HSBC fined £3.2m for loss of data
by Kay Murchie
June 24, 2009
Kesa Electricals, the company that owns Comet, is predicting a challenging year ahead after the group reported a pre-tax loss of £81.8 million in the year to April, compared with a pre-tax profit of £128.8 million the previous year.
The company, which also owns the Darty business in France, has been hit by the recession as consumers cut back on big ...
Owner of Comet chain reports £81m loss
by Kay Murchie
June 12, 2009
It has been confirmed this morning that West Bromwich Building Society has agreed a deal that will see the 160-year-old institution saved from collapse.
The deal will see £182.5 million of subordinated debt converted into capital to strengthen the mutual's balance sheet.
The society said the new deal will "materially strengthen the society’s core tier 1 capital ratio from 6.8% to 11.6% ...
West Bromwich Building Society in rescue deal
by Kay Murchie
June 2, 2009
Europe’s largest no-frills airline, Ryanair, has posted its first annual loss, which it attribute to rising fuel costs, lower fares and the write-down on the value of its stake in Irish rival Aer Lingus.
The airline made a net loss for the 12 months to the end of March of €169 million, compared with a profit of €481 million a year ...
Ryanair posts larger loss than expected
by Kay Murchie
May 22, 2009
British Airways (BA) has announced a pre-tax loss of £401 million for the 12 months to the end of March, compared with profits of £922 million the previous year.
While the loss is double what analysts’ estimates, it also represents the biggest loss since the company was privatised in 1987.
Many airlines continue to experience a slump in demand with many forced out ...
BA announces worst ever loss
by Kay Murchie
May 14, 2009
Japanese electronics giant Sony has today announced its first annual loss in 14 years.
The group reported a loss of 98.9 billion yen (£685 million) for the year ended 31 March, against a profit of 369.4 billion yen the previous year.
Following the company’s first back to back loss since 1958, Chief Executive Officer, Howard Stringer, has said that there will be ...
Sony reports first loss in 14 years
by Peter Charalambous
May 8, 2009
Royal Bank of Scotland (RBS) has today reported a pre-tax loss of £44 million for the first quarter of 2009, against a profit of £479 million for the same three month period in 2008.
Meanwhile, the bank wrote off £4.9 billion during the period while post-tax losses totalled £857 million.
At the end of February the bank, which is now majority-owned by ...
RBS posts £44m loss for Q1
by Kay Murchie
April 25, 2009
For the first time in over 23 years, Microsoft has experienced its first ever year-on-year decline and the fall in sales is expected to continue for at least another three months.
However, investors had feared that the company’s results could have been worse.
Net profit at Microsoft fell by 32 percent to $2.98bn as revenue fell by 6 percent compared to the ...
Microsoft experiences first quarterly fall in profits
by Peter Charalambous
