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11/10/2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year.
Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
The announcement came as the firm forecast it was heading for its fourth successive quarter in the red, and a day after it revealed it had run at a loss of £105 million in the July to September quarter.
The company forecast on Wednesday October 10 that chip sales across the industry would slump by more than one quarter during 2001, but rise five per cent next year and 10 ten per cent in 2003.
It also estimated that mobile phone sales, which analysts once estimated would reach £600 million this year, could fall to £380-400 million across the industry.
The firm said while the July-to-September loss equated to seven cents per share it expected to lose the equivalent of 4-5 cents per share in the last three months of the year. (MB)
Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
The announcement came as the firm forecast it was heading for its fourth successive quarter in the red, and a day after it revealed it had run at a loss of £105 million in the July to September quarter.
The company forecast on Wednesday October 10 that chip sales across the industry would slump by more than one quarter during 2001, but rise five per cent next year and 10 ten per cent in 2003.
It also estimated that mobile phone sales, which analysts once estimated would reach £600 million this year, could fall to £380-400 million across the industry.
The firm said while the July-to-September loss equated to seven cents per share it expected to lose the equivalent of 4-5 cents per share in the last three months of the year. (MB)
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26 November 2001
Consignia’s pre-tax losses climb to £100 million
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Consignia’s pre-tax losses climb to £100 million
Consignia has announced a half-year operating loss of £100 million before tax and exceptional items. This compares to a loss of £20 million for the same period a year ago, and after accounting for exceptional items, the post-tax loss for the half-year is £281 million, compared with a £113 million loss for the previous half year.
25 July 2001
BSkyB announces half billion losses despite subscriber increase
British Sky Broadcasting (BSkyB) have announced their results for the year ended June 30 2001. The company reported strong growth in digital subscribers to 5.
BSkyB announces half billion losses despite subscriber increase
British Sky Broadcasting (BSkyB) have announced their results for the year ended June 30 2001. The company reported strong growth in digital subscribers to 5.
19 December 2001
Littlewoods reduce losses in first half report
UK retailer Littlewoods has announced they are making good progress in reviving the business as the company revealed a reduction in losses for the first half of the year. The company posted a loss of £9.9m for the six months to October 31, down from a loss of £34.2m for the same period the previous year.
Littlewoods reduce losses in first half report
UK retailer Littlewoods has announced they are making good progress in reviving the business as the company revealed a reduction in losses for the first half of the year. The company posted a loss of £9.9m for the six months to October 31, down from a loss of £34.2m for the same period the previous year.
02 November 2001
BSkyB profits rise while subscriptions fall
BSkyB have reported a 23 per cent rise in operating profits for their first quarter, but admit that subscriber numbers are lower than predicted. The company's losses have diminished after operating profits for the three months ended September came in at £45 million.
BSkyB profits rise while subscriptions fall
BSkyB have reported a 23 per cent rise in operating profits for their first quarter, but admit that subscriber numbers are lower than predicted. The company's losses have diminished after operating profits for the three months ended September came in at £45 million.
26 February 2002
Trimmed down Prudential report rise in revenue
The UK insurance company Prudential has reported a 54 per cent rise in insurance and investment revenues. The Prudential unveiled that insurance and investment had risen to £21.5 billion for the whole of last year. The group said expansion during the year helped lift its operating profits to £1.19 billion, up 15 per cent, after restructuring costs.
Trimmed down Prudential report rise in revenue
The UK insurance company Prudential has reported a 54 per cent rise in insurance and investment revenues. The Prudential unveiled that insurance and investment had risen to £21.5 billion for the whole of last year. The group said expansion during the year helped lift its operating profits to £1.19 billion, up 15 per cent, after restructuring costs.
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