Tag: pre-tax loss

BA and Iberia reach preliminary merger deal

BA and Iberia reach preliminary merger deal

It has been confirmed that British Airways (BA) and Spanish airline Iberia have reached a preliminary merger agreement. Merger talks took place between both companies yesterday and the deal is understood to give Iberia 45% and BA 55% of a newly merged company. The combined firm would create Europe’s third largest airline and have 419 [...]

News International considers closure of The London Paper

News International considers closure of The London Paper

Free evening newspaper, The London Paper, is facing closure after its owner, News International, commenced a 30-day consultation with its 60 staff following the paper’s pre-tax loss of £12.9 million in the 12 months to the end of June 2008. The paper, which was established in September 2006, had a circulation of more than half [...]

2,000 jobs go at Sony Ericsson as group looks to save €400m

2,000 jobs go at Sony Ericsson as group looks to save €400m

Mobile phone maker Sony Ericsson has revealed a pre-tax loss of €358 million (£316 million) in the first quarter of 2009 and has announced plans to cut 2,000 jobs. The group said continued weak global demand meant it had to make savings of €400 million and the 2,000 job losses are on top of 2,000 [...]