News Tag: pre-tax loss
November 13, 2009
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 aircraft flying to 205 destinations. ...
BA and Iberia reach preliminary merger deal
by Kay Murchie
August 20, 2009
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 a million last month ...
News International considers closure of The London Paper
by Kay Murchie
April 17, 2009
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 previously ...
2,000 jobs go at Sony Ericsson as group looks to save €400m
by Kay Murchie
