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....The total pay of John Fallon, the chief executive of Pearson, increased by 20% last year, despite the FTSE 100 company reporting the biggest loss in its history and the prime minister, Theresa May, criticising boardroom excess. The world’s largest educational publisher reported a pre-tax loss of £2. ... [Read full article on Guardian ]
Friday 24th of March 2017 03:30:57 PM
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....Pearson met its operating profit target of £630m, but made a £2. 6bn pre-tax loss after writing down its US assets. ... [Read full article on BBC ]
Friday 24th of March 2017 04:28:38 PM
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Latest Finance News related to Pre-tax Loss

Pearson boss sees pay boost despite firm's struggles image
Source : BBC [Read Article] Friday 24th of March 2017 04:28:38 PM
....Pearson met its operating profit target of £630m, but made a £2. 6bn pre-tax loss after writing down its US assets. ...
Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
....The total pay of John Fallon, the chief executive of Pearson, increased by 20% last year, despite the FTSE 100 company reporting the biggest loss in its history and the prime minister, Theresa May, criticising boardroom excess. The world’s largest educational publisher reported a pre-tax loss of £2. ...
Anglo American soars as billionaire buys 12% stake image
Source : BBC [Read Article] Thursday 16th of March 2017 09:20:01 AM
.... I am delighted to become a shareholder in Anglo American," Mr Agarwal said. Anglo reported a huge pre-tax loss of $5. ...
French Connection reports loss for fifth year running image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:20:04 AM
....Struggling fashion chain French Connection has reported a loss for the fifth year running. Its pre-tax loss increased to £5. ...
Pay boosts for Shell and Rolls-Royce bosses despite profits slide image
....His yearly salary is set to then increase by 2% to £943,000 from September. Rolls-Royce was pushed to a pre-tax loss of £4. ...
Cobham in cash call to tackle debt image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:26:13 AM
....But it was thumped heavily into the red after it wrote down the underlying value of its business. It declared a statutory pre-tax loss of nearly £850m. ...
FTSE 100 falls from record high as Capita slumps image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:09:57 AM
....But shares in aerospace and defence firm Cobham rose 13% despite it announcing plans for a £500m rights issue. The news came as the company reported pre-tax losses of £847. ...
Liverpool FC in the red after spending big on players image
Source : BBC [Read Article] Wednesday 1st of March 2017 11:24:10 AM
....The £19. 8m pre-tax loss for the year to May 2016 was largely due to cost of signing big-name players and a payoff for Brendan Rodgers, who was sacked as manager in October 2015. ...
Bribery and Brexit propel Rolls-Royce towards historic losses image
Source : Guardian [Read Article] Saturday 11th of February 2017 01:42:36 PM
....Rolls-Royce will report one of the biggest losses in British corporate history this week as Brexit and a corruption scandal leave an indelible mark on the famous aerospace company. City analysts have forecast that Rolls could report a pre-tax loss of more than £4bn – its worst ever – due to the sharp decline in the value of the pound and the £671m penalty that the company has agreed to pay to settle corruption allegations. ...
Sports Direct buys French Connection stake as battle looms image
Source : Guardian [Read Article] Thursday 2nd of February 2017 12:13:28 PM
....He accused Marks of overseeing a “tremendous decline in value”. The retailer reported a pre-tax loss of £7. ...
Mr Kipling maker's shares in exceedingly sharp fall as profits sliced image
Source : Guardian [Read Article] Wednesday 18th of January 2017 03:09:46 PM
....In November, Mitie said it would pull out of its healthcare business, which provides home care for elderly people. The £128m cost of writing off the business plunged Mitie into a £100m pre-tax loss for the first half of the year. ...
Tesco set to cut 1,000 jobs in restructuring plans image
Source : Guardian [Read Article] Monday 9th of January 2017 06:38:03 PM
....Tesco reported a £6. 4bn pre-tax loss in 2015, one of the biggest in British corporate history, after a fall in sales and the discovery of a £326m accounting scandal. ...
Richard Cousins makes shock departure from Tesco board of directors image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 06:26:50 PM
.... The share price remains below the 230p level that it was at when Lewis took over in September 2014, although since then he has uncovered a £326m gap in the company’s finances owing to the accounting scandal. Tesco also posted an annual pre-tax loss of £6. ...
Care homes in crisis as revised figures reveal surge in insolvencies image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 05:51:54 PM
.... The amount that councils pay towards fees for residents is falling while costs – particularly staffing overheads – increase. Four Seasons, the biggest care home operator in the country with more than 400 properties, recorded a pre-tax loss of £264m last year, which includes a write down of the value of their care homes. ...
Mitie withdraws from healthcare as it issues second profit warning image
Source : Guardian [Read Article] Monday 21st of November 2016 09:37:09 AM
....The company also said it would withdraw from its healthcare business, which provides home care for the elderly. The £128m cost of writing off the business drove Mitie to a £100m pre-tax loss for the first half of the year. ...
Staples brand to disappear from UK High Streets image
Source : BBC [Read Article] Thursday 17th of November 2016 12:32:23 PM
....The Hilco deal comes after recent reports suggesting Staples was in talks with investment firm Cerberus over a sale of its entire European business. According to its most recent accounts, Staples' UK business reported pre-tax losses of £5m for the year to January 2015, down £2. ...
Majestic Wine toasts sales growth image
Source : BBC [Read Article] Thursday 17th of November 2016 09:50:05 AM
....Majestic Wine said it was on track for higher growth as it fell into the red for the six months to September. The retailer posted a pre-tax loss of £4. ...
Pensions Advisory Service boss stands down after bankruptcy image
Source : BBC [Read Article] Friday 4th of November 2016 05:48:38 PM
.... . Mr Takolia is the owner of a property development called Invest-Eq, which made a pre-tax loss of more than £40,000 last year. ...
Uber adds advance bookings in London image
Source : BBC [Read Article] Thursday 25th of August 2016 11:00:00 AM
....The company is currently in a dispute with Transport for London (TfL) over plans to make private-hire drivers not from English-speaking countries take an English test. Uber revealed last week that it had made a pre-tax loss of $520m (£394m) in its last quarter, bringing its total loss to date to $4bn over its seven year history. ...
Co-operative Bank warns of Brexit impact image
Source : BBC [Read Article] Thursday 18th of August 2016 06:35:49 AM
....It added that reductions in income could force it to reduce costs and spending on projects, while higher unemployment and lower property prices could make it harder for the bank to recover the full value of some of its loans. The bank's pre-tax losses of £177m were down from last year's £204. ...
FTSE 100 falls as Admiral shares hit by Brexit impact image
Source : BBC [Read Article] Wednesday 17th of August 2016 07:57:33 AM
....Balfour Beatty shares rose 3% after the construction company restored dividend payments and said it was seeing "tangible benefits" from its turnaround plan. The company reported a pre-tax loss from continuing operations of £21m, compared with a £150m loss a year earlier. ...
GSK: UK still 'attractive' post Brexit as it invests £275m image
Source : BBC [Read Article] Wednesday 27th of July 2016 06:33:08 AM
....Quarterly sales rose 11% to £6. 53bn in the three months to June, but the company posted a pre-tax loss of £318m for the quarter - although it managed a profit of £242m for the first half. ...
VW owners in US to get up to $10,000 in emissions deal image
Source : BBC [Read Article] Tuesday 28th of June 2016 12:21:02 PM
....Some models could have been pumping out up to 40 times the legal limit of the pollutant, nitrogen oxide, regulators disclosed. The provision VW made for the scandal pushed the car maker into its biggest ever annual pre-tax loss of €1. ...
VW US emissions settlement reported to cost $15bn image
Source : BBC [Read Article] Tuesday 28th of June 2016 12:29:39 AM
....That amount though might not be enough - the company faces as much as $20bn in fines for Clean Air Act violations alone. The increased emissions provision pushed VW to an annual pre-tax loss of €1. ...
Doubt cast over future of Wonga  image
Source : Daily Express [Read Article] Sunday 29th of May 2016 03:36:00 PM
....The firm’s directors and auditors say that because of the controversial lender’s heavy losses, regulatory crackdowns slashing its revenues and the cost of developing a new business model and products, there is a “material uncertainty that may cast significant doubt on the ability of the group and company to continue as a going concern”. Last year Wonga’s pre-tax losses more than doubled to £80. ...
Premier Foods says sales rises are a sign it will thrive independently image
....”. Premier made pre-tax losses of £13m, partly associated with its stake in Hovis bread, as well as another joint venture. ...
TUI waves bon voyage to niche brands  image
Source : Daily Express [Read Article] Thursday 12th of May 2016 10:01:00 AM
.... . The disposal was announced with half-year figures showing a pre-tax loss of £187. ...
EasyJet flies into red but vows to split profits with shareholders image
Source : Guardian [Read Article] Tuesday 10th of May 2016 07:42:13 AM
....”. The budget carrier said it expected to meet market forecasts for the year despite swinging to a £24m pre-tax loss for the six months to the end of March from a £7m profit a year earlier. ...
Four Seasons Health Care 'likely to be taken over by creditors' image
Source : Guardian [Read Article] Thursday 5th of May 2016 04:35:34 PM
....Four Seasons has 440 care homes with 18,500 residents, but Moody’s said its financial position was unsustainable. Last week, the company reported an annual pre-tax loss of £264m after writing down the value of the care homes it owns by a third due to the pressure on the industry. ...
City News: Wonga, Sportech, Shell, Barclays image
Source : Daily Express [Read Article] Wednesday 4th of May 2016 11:14:00 PM
Wonga losses more than double image
Source : Guardian [Read Article] Wednesday 4th of May 2016 07:56:56 AM
....The controversial lender Wonga saw losses more than double in 2015 as tougher regulation of the payday loan sector led to a sharp fall in the number of loans taken out by UK consumers. The UK’s biggest payday loan firm reported a pre-tax loss of £80. ...
Wonga losses more than double image
Source : Guardian [Read Article] Wednesday 4th of May 2016 07:56:56 AM
....The controversial lender Wonga saw losses more than double in 2015 as tougher regulation of the payday loan sector led to a sharp fall in the number of loans taken out by UK consumers. The UK’s biggest payday loan firm reported a pre-tax loss of £80. ...
Wonga's losses expected to double to £70m for 2015 image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 07:02:19 PM
....In 2012 the Office of Fair Trading told it to clean up its act after it sent letters to customers accusing them of fraud. On Tuesday Sky News reported that Wonga would post a pre-tax loss of about £70m in 2015, compared with £37m a year earlier. ...
Richard Desmond's firm in £25m loss after price cuts and digital investment image
....Richard Desmond’s Northern & Shell fell to a £25m loss last year after embarking on costly tabloid price cuts and boosting investment in digital publishing. Northern & Shell owns assets including the Daily Express, Sunday Express, Daily Star, Daily Star Sunday, OK! magazine and the Health Lottery, made a pre-tax loss of £24. ...
Four Seasons Health Care reports £264m annual loss image
Source : Guardian [Read Article] Wednesday 27th of April 2016 05:42:51 PM
....Elli Investments, the owner of Four Seasons, reported sales of £688m for 2015, down from £713m the previous year. The group made a pre-tax loss of £264m, compared with a £70. ...
RBS to axe 600 jobs, says union image
Source : BBC [Read Article] Thursday 14th of April 2016 10:35:07 AM
....It is also trying to cut costs. In February, RBS announced pre-tax losses of £1. ...
Business news: BP, John Lewis, Palatinate and Vivobarefoot image
Source : Daily Express [Read Article] Sunday 10th of April 2016 12:01:00 AM
....It also says BP’s level of disclosure on executive pay is unacceptable and claims that it does not tell investors what targets directors have to hit to qualify for share bonuses. Last year BP made a pre-tax loss of £9. ...
Co-op boss asks for big pay cut image
Source : BBC [Read Article] Thursday 7th of April 2016 06:38:19 AM
....The bank was rescued by a group of investors and the Co-op Group now owns a 20% stake in the bank. Last week, the Co-op Bank reported that its annual pre-tax losses had more than doubled to £610m, from £264m in 2014. ...
Losses of Co-operative bank more than double to £610m image
Source : Daily Express [Read Article] Saturday 2nd of April 2016 12:01:00 AM
.... . “While the bank as a whole will report a pre-tax loss in 2016 and 2017, we expect a return to operating profit in the core bank before the end of 2017. ...
Co-op Bank chairman defends Niall Booker's £4m pay after loss image
Source : Guardian [Read Article] Friday 1st of April 2016 10:26:41 AM
....The chairman of the Co-operative Bank has defended his chief executive’s pay package after Niall Booker was handed almost £4m for a year in which losses more than doubled to £611m. The bank’s pre-tax loss for 2015 widened from £264m a year earlier as it suffered £121m in losses on unwanted assets and costs for compensating customers mis-sold payment protection insurance (PPI) and consumer loans rose by more than £100m. ...
GSK to waive patents in poor countries image
Source : BBC [Read Article] Thursday 31st of March 2016 01:25:21 PM
....29bn in the quarter. However, the company fell to a pre-tax loss of £416m compared with a profit of £531m for the same period in 2014. ...
Credit Suisse to cut another 2,000 jobs image
Source : BBC [Read Article] Wednesday 23rd of March 2016 08:25:31 AM
....Credit Suisse expects to report a loss in the first quarter of 2016, due to a charge of $346m to cover the costs of the reorganisation. In 2015, the bank made a pre-tax loss of 2. ...
BHS: Fears of administration if landlords reject review image
Source : Daily Express [Read Article] Sunday 20th of March 2016 12:01:00 AM
....BHS has not made a profit for seven years and its losses have grown year-on-year. According to its last accounts, it made a pre-tax loss of £85. ...
RBS axes investment division roles image
Source : BBC [Read Article] Tuesday 15th of March 2016 02:05:11 PM
....On Tuesday, it announced 220 job losses among its UK financial advisers. It comes a month after RBS announced pre-tax losses of £1. ...
BHS in plea to landlords for survival or thousands of jobs could go image
Source : Daily Express [Read Article] Sunday 6th of March 2016 12:01:00 AM
....Led by chief executive Darren Top, BHS is cutting costs and has installed new concessions and food halls in a bid to win back customers. According to its last set of accounts, BHS made a pre-tax loss of £85. ...
Tesco considering cutting store staff by 39,000 over three years image
Source : Guardian [Read Article] Friday 26th of February 2016 06:26:23 PM
....The retailer reported a £6. 4bn pre-tax loss last year, one of the biggest in British corporate history. ...
Ladbrokes reports its first loss in a decade  image
Source : Telegraph [Read Article] Tuesday 23rd of February 2016 09:09:22 AM
First Oil Expro to be broken up after entering administration image
Source : Guardian [Read Article] Monday 22nd of February 2016 06:35:38 PM
....Four other oilfields and two other undeveloped prospects have been sold to Zennor Petroleum. First Oil Expro, which recorded a pre-tax loss of £70m last year, had succumbed to the squeeze that high costs and low oil prices were having on North Sea companies. ...
Petra Diamonds upbeat despite first-half loss image
Source : Telegraph [Read Article] Monday 22nd of February 2016 01:50:02 PM
. Petra Diamonds has slumped into a pre-tax loss after being pumelled by price drops in the global diamond market. ...
HSBC shares slide after earnings image
Source : BBC [Read Article] Monday 22nd of February 2016 05:19:41 AM
....Shares in HSBC fell nearly 3% following a surprise fourth quarter loss and predictions of a "bumpier" road ahead because of China's slowing economy. In the final three months of last year, HSBC reported a pre-tax loss of $858m compared with a profit in the fourth quarter of 2014. ...
How merchandise could further derail £1.3bn 'Argosbury' deal image
Source : Telegraph [Read Article] Saturday 20th of February 2016 04:00:15 PM
.... It was a big move, adding 250 shops to Poundland’s existing estate of around 600, taking the chain much closer to its ambition of 1,000 shops in the UK. But the deal took until September to close after a protracted investigation by the competition watchdog, during which time trading at 99p Stores deteriorated markedly with the retailer’s pre-tax losses ballooning to £11m from £734,000 the previous year. ...
South32 eyes Anglo American buy-out of manganese joint venture image
Source : Telegraph [Read Article] Thursday 18th of February 2016 12:27:34 PM
...." . Analysts have questioned whether Anglo, which reported a full-year pre-tax loss of $5. ...
Shares in UK oil explorer soar as flow from ‘Gatwick gusher’ beats expectations image
.... . The Aim-listed exploration company made a pre-tax loss of £388,000 in the six months to March 31. ...
Anglo American sinks to $5.5bn loss image
Source : BBC [Read Article] Tuesday 16th of February 2016 08:37:04 AM
. Anglo American has reported a pre-tax loss of $5. ...
Hornby shares soar as boss is derailed image
Source : BBC [Read Article] Monday 15th of February 2016 09:29:22 AM
....However, results worsened during 2015 amid a costly IT upgrade, management changes and international supply problems for its model railways. The Kent-based company last week issued its second profit warning in the space of six months, forecasting pre-tax losses of between £5. ...
Hornby shares jump 14pc as boss steps down image
Source : Telegraph [Read Article] Monday 15th of February 2016 08:17:09 AM
.... . The company said it expected to report an underlying pre-tax loss of between £5. ...
99p Stores deal earns family less than hoped as losses hit £11m  image
Source : Telegraph [Read Article] Sunday 14th of February 2016 08:32:26 PM
....5pc during the year to the end of January 2015 to £361. 3m, while its pre-tax losses ballooned to £11m, compared to £734,000 the previous year. ...
Guardian braces for job cuts as it looks to slash costs by 20pc image
Source : Telegraph [Read Article] Thursday 11th of February 2016 05:31:26 PM
.... This latest round of job cuts comes less than four years after former editor Alan Rusbridger told staff that he had to reduce costs and cut 100 jobs on the back of a £75. 6m pre-tax loss. ...
Rio Tinto slumps to loss and axes progressive dividend policy image
Source : Telegraph [Read Article] Thursday 11th of February 2016 08:01:58 AM
.... . The Australian company – one of the world’s biggest miners – reported a pre-tax loss of $726m in the year to the end of December after being pummelled by price drops in its core products of iron ore – used in steel – copper and coal. ...
£80bn wiped off FTSE 100 this week as world markets gripped by panic - live image
Source : Telegraph [Read Article] Thursday 11th of February 2016 02:17:44 AM
.... . The Australian company – one of the world’s biggest miners – reported a pre-tax loss of $726m in the year to the end of December after being pummelled by price drops in its core products of iron ore – used in steel – copper and coal. ...
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Japan's Asahi swoops on Peroni and Grolsch beers image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 04:23:44 PM
.... On Wednesday, results from the two companies showed they were experiencing diverging fortunes, with Heineken lifting its dividend by 18pc after enjoying a 25pc jump in annual net profits to €1. 9bn, but Carlsberg posting a full-year pre-tax loss of £180m. ...
Tullow Oil vows to cut costs further after $1bn pre-tax loss image
Source : Guardian [Read Article] Wednesday 10th of February 2016 12:43:06 PM
. Exploration company Tullow Oil has promised to its cut costs further after posting a $1bn (£690m) pre-tax loss, blaming rock-bottom oil prices. ...
Hornby's shares tumble as sales fall image
Source : BBC [Read Article] Wednesday 10th of February 2016 11:09:41 AM
.... . It now expects to post "substantially" wider underlying pre-tax losses for the full year, between £5. ...
Hornby shares plunge following post-Christmas sales slump image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 10:38:58 AM
.... . In a blunt message to investors, the company warned that it expects to report an underlying pre-tax loss of between £5. ...
Tullow Oil slumps to £1bn loss image
Source : BBC [Read Article] Wednesday 10th of February 2016 07:57:22 AM
. Oil and gas exploration firm Tullow Oil has reported a pre-tax loss of £1. ...
Grainger sells £94m German property portfolio to private equity  image
Source : Telegraph [Read Article] Friday 5th of February 2016 06:37:03 PM
.... . The properties, based in the Frankfurt Rhine-Main region of western Germany, made a pre-tax loss of €900,000 (£700,000) in the year to September 30. ...
Questor share tip: AstraZeneca faces Crestor crunch in year ahead image
Source : Telegraph [Read Article] Friday 5th of February 2016 07:00:54 AM
....29bn in the three months to December. That said, GSK still slumped to a pre-tax loss of £416m in the quarter, compared to a profit of £531m a year earlier. ...
Credit Suisse announces 4,000 job cuts image
Source : BBC [Read Article] Thursday 4th of February 2016 09:11:02 AM
....The announcement came with the release of results for 2015. The bank made a pre-tax loss for the year of 2. ...
New drugs bolster GSK's sales image
Source : BBC [Read Article] Wednesday 3rd of February 2016 01:13:46 PM
....29bn in the quarter, slightly better than analysts had expected. However, the company fell to a pre-tax loss of £416m compared with a profit of £531m for the same period in 2014. ...
BP looks ahead to $60 oil after $5.2bn annual loss image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 08:23:10 AM
.... . “The lower underlying result was predominantly driven by the impact of steeply lower oil and gas prices on BP's upstream segment, which reported a pre-tax loss for the quarter,” the FTSE 100 company said. ...

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