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05/11/2001
BA losses prompt doubts about future performance
British Airways has announced a 25 per cent fall in traffic in October, prompting speculation about the financial future of the company, which is currently Europe's largest airline.
While analysts’ predictions had placed the figure to be closer to 30 per cent, the news was enough to cause BA shares to plummet dramatically ahead of the official announcement, following Goldman Sachs’s branding of BA as a “market under-performer”. Merrill Lynch also joined in the pessimism, raising its pre-tax forecast for the company from £65 million to £775 million before exceptional items for the fiscal year.
The developments have prompted predictions that BA could be relegated from the FTSE index amid fears of continued poor economic performance from the airline.
While transatlantic air traffic is expected to stabilise in the wake of the events of September 11, it is thought that the week-on-week decline in the numbers of European air passengers is not set to level out at the same pace, despite BA’s optimistic predictions of a possible upturn in bookings by the end of the year.
Although shares in the company clawed back a little by Monday afternoon, BA's bottom line will be revealed on Tuesday when the company releases its financial results for the first half of the fiscal year. (CL)
While analysts’ predictions had placed the figure to be closer to 30 per cent, the news was enough to cause BA shares to plummet dramatically ahead of the official announcement, following Goldman Sachs’s branding of BA as a “market under-performer”. Merrill Lynch also joined in the pessimism, raising its pre-tax forecast for the company from £65 million to £775 million before exceptional items for the fiscal year.
The developments have prompted predictions that BA could be relegated from the FTSE index amid fears of continued poor economic performance from the airline.
While transatlantic air traffic is expected to stabilise in the wake of the events of September 11, it is thought that the week-on-week decline in the numbers of European air passengers is not set to level out at the same pace, despite BA’s optimistic predictions of a possible upturn in bookings by the end of the year.
Although shares in the company clawed back a little by Monday afternoon, BA's bottom line will be revealed on Tuesday when the company releases its financial results for the first half of the fiscal year. (CL)
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06 November 2001
BA announce first profit loss since privatisation
British Airways has announced profits of only £5 million for the second quarter of the financial year, representing a drop of 98 per cent on the figure for the same period last year.
BA announce first profit loss since privatisation
British Airways has announced profits of only £5 million for the second quarter of the financial year, representing a drop of 98 per cent on the figure for the same period last year.
20 April 2004
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
Good year for Tesco as profits top £1.6bn
It has been a good year for the supermarket retailer Tesco which has seen pre-tax profits soar to £1.6 billion, according to the group's full-year preliminary statement issued today. In addition to driving up pre-tax margins by 17.6%, the company said that it had slashed its debts by £600 million, down to £4.1 billion. In the UK, sales grew by 14.
13 May 2005
BA reports full-year profits jump by 80%
British Airways has announced a pre-tax profit of £415 million, an 80% jump in profits on the previous full year. But the company's strong performance was marred by a pre-tax profit in the fourth quarter of £5 million which was down on £45 million profit for the period in 2004.
BA reports full-year profits jump by 80%
British Airways has announced a pre-tax profit of £415 million, an 80% jump in profits on the previous full year. But the company's strong performance was marred by a pre-tax profit in the fourth quarter of £5 million which was down on £45 million profit for the period in 2004.
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.
23 September 2002
Holywood Road SPAR recognised as 'best company owned site'
The SPAR & Jet Filling Station on the Holywood Road has picked up the top accolade of 'Best Company Owned/Managed Site in Northern Ireland' at the Forecourt Trader of the Year Awards 2002.
Holywood Road SPAR recognised as 'best company owned site'
The SPAR & Jet Filling Station on the Holywood Road has picked up the top accolade of 'Best Company Owned/Managed Site in Northern Ireland' at the Forecourt Trader of the Year Awards 2002.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
