Menu
10/09/2001
Corus reveals £230m losses for half-year
Steel producer Corus, formerly British Steel, has revealed that company pre-tax losses for the last half-year has hit £230 million.
The steelmaker, which has already cut thousands of jobs this year, said profits had been damaged by continued losses in the company’s carbon steel operations.
However, despite these losses, both its aluminium and stainless steel businesses have made operating profits.
The group, which has been hit by the strong pound and harsh competition, said carbon steel operations had been hit by over-supply in the face of progressive weakening of demand.
The last full results from the combined group were for the extended 15-month period to December 2000 and revealed operating losses of just over £1 billion.
Analysts were looking for a reduction in full year 2001 operating losses to around £350-400 million. (MB)
The steelmaker, which has already cut thousands of jobs this year, said profits had been damaged by continued losses in the company’s carbon steel operations.
However, despite these losses, both its aluminium and stainless steel businesses have made operating profits.
The group, which has been hit by the strong pound and harsh competition, said carbon steel operations had been hit by over-supply in the face of progressive weakening of demand.
The last full results from the combined group were for the extended 15-month period to December 2000 and revealed operating losses of just over £1 billion.
Analysts were looking for a reduction in full year 2001 operating losses to around £350-400 million. (MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
04 September 2001
P&O consider cut backs in ferry services
Britain’s largest ferry operator, P&O, are believed to be considering cut backs at its ferry operations, due to the foot-and-mouth crisis. Ferry division losses more than doubled to £18.1 million between January and June and contributed to a 6.5 per cent decline in P&O’s pre-tax profits.
P&O consider cut backs in ferry services
Britain’s largest ferry operator, P&O, are believed to be considering cut backs at its ferry operations, due to the foot-and-mouth crisis. Ferry division losses more than doubled to £18.1 million between January and June and contributed to a 6.5 per cent decline in P&O’s pre-tax profits.
20 May 2002
BA reveals losses of £200 million
British Airways has experienced its worst year yet, as it reveals figures showing a loss of £200 million before tax and one-off charges for the year to March 2002. However, while the beleaguered air carrier turned in a poor performance, losses have not been as bad as expected, with some analysts forecasting a deficit of £400m.
BA reveals losses of £200 million
British Airways has experienced its worst year yet, as it reveals figures showing a loss of £200 million before tax and one-off charges for the year to March 2002. However, while the beleaguered air carrier turned in a poor performance, losses have not been as bad as expected, with some analysts forecasting a deficit of £400m.
22 March 2002
EU responds swiftly to US steel tariffs
The European Union has announced plans to impose levies on US products in response to President Bush's recent decision to impose tariffs on steel imports. The US tariffs, which came into force on Wednesday 20 March, will mean all steel imports which enter the country over the next three years will be subject to a levy of 30 per cent.
EU responds swiftly to US steel tariffs
The European Union has announced plans to impose levies on US products in response to President Bush's recent decision to impose tariffs on steel imports. The US tariffs, which came into force on Wednesday 20 March, will mean all steel imports which enter the country over the next three years will be subject to a levy of 30 per cent.
09 August 2001
Gateway to shut down operations throughout UK and Ireland
American computer manufacturer Gateway is set to shut down its operations throughout Ireland and the UK in the face of a global downturn in the PC market. While an official announcement detailing the job losses is yet to be made, it is expected that the redundancies will be swiftly implemented.
Gateway to shut down operations throughout UK and Ireland
American computer manufacturer Gateway is set to shut down its operations throughout Ireland and the UK in the face of a global downturn in the PC market. While an official announcement detailing the job losses is yet to be made, it is expected that the redundancies will be swiftly implemented.
02 July 2014
viagogo To Open Operations Centre In Limerick
Minister for Jobs, Enterprise and Innovation, Richard Bruton TD has announced that the viagogo Group, which operates viagogo.com, is to open a purpose-built international operations centre in Limerick, Ireland. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
viagogo To Open Operations Centre In Limerick
Minister for Jobs, Enterprise and Innovation, Richard Bruton TD has announced that the viagogo Group, which operates viagogo.com, is to open a purpose-built international operations centre in Limerick, Ireland. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
