"It's a loss-making business and a loss-making business is not worth a lot in itself to buy," said Gupta.
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"It's a loss-making business and a loss-making business is not worth a lot in itself to buy," Gupta said.
|
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In recent years loss-making quarters have become the norm for HTC, which posted its first ever loss making quarter in Q3 2013.
|
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In recent years loss-making quarters have become the norm for the Taiwanese company, which posted its first ever loss making quarter in Q3 2013.
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"The high percentage of loss-making firms in the US is impacting these numbers, but still seeing so many loss-making firms at the top of the cycle is a risk," Lapthorne said.
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Backup goalie James Reimer took the loss, making 31 saves.
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Jets goalie Connor Hellebuyck took the loss, making 22 saves.
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STOCKHOLM (Reuters) - Loss-making mobile telecom equipment maker Ericsson (ERICb.
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It already closed 23 loss-making stores in Italy last year.
|
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It has also decided to shut down most loss-making mines.
|
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BERLIN (Reuters) - Loss-making online food takeaway firm Delivery Hero (DHER.
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The international market, loss making for Virgin, presents a bigger challenge.
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DE, had been loss-making since 2009, according to Reuters data.
|
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Chinese investors have tried before to transform loss-making German airports.
|
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It has been selling off real estate and loss-making stores.
|
|
L ruled out a bid for the loss-making budget airline.
|
|
At present, only loss-making national carrier Pakistan International Airlines PIAa.
|
|
It is however loss making with a negative EBITDA of $12 million.
|
|
Last year, the Italian state took over administration of loss-making Ilva.
|
|
Operations are still loss-making when depreciation and amortization costs are included.
|
|
The school paper covered the loss, making clear that Shaira killed herself.
|
|
Most are saddled with loss-making flag-carriers or none at all.
|
|
With margins tight, escalating costs can cause them to become loss making.
|
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The carrier was loss-making and badly run well before those disasters.
|
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The airline runs one of Africa's biggest fleets but is loss-making.
|
|
Metro is also trying to offload its loss-making Real hypermarkets chain.
|
|
It took him a year to take it into complete loss-making.
|
|
Worldwide, Uber Eats is a bright spot for its loss-making parent.
|
|
The market has begun to sour on high-risk loss-making companies.
|
|
Gubitosi is currently one the commissioners managing loss-making state carrier Alitalia.
|
|
India is also having to prop up its loss-making national carrier.
|
|
It is also extensively restructuring its loss-making Global Travel Services (GTS) division.
|
|
Why were these Finns working so hard to preserve a loss-making business?
|
|
Last month, the head of the loss-making unit was fired over kickbacks.
|
|
Yet this may have been achieved by slashing airfares to loss-making levels.
|
|
The loss-making sportscar company's logos also feature on Red Bull's F1 car.
|
|
Regular readers will be aware that LG mobile is a loss-making division.
|
|
Chappell paid one pound for the loss-making 180-store chain last year.
|
|
The vast majority of China's high-speed railway lines, however, are loss-making.
|
|
Its debut saw the loss-making company's market valuation soar to $28 billion.
|
|
Both banks are loss making, though they have different plans for breaking even.
|
|
When I joined, we were loss-making and dividends were paid from reserves.
|
|
A firm with a loss-making factory cannot shut it without destroying jobs.
|
|
Loss-making construction firm Drake & Scull slipped 1.6 percent to a record low.
|
|
Seven airlines submitted bids for parts of Alitalia, Italy's loss-making national carrier.
|
|
Very often such firms are loss-making and a burden to the exchequer.
|
|
Since 2015 PR did not receive any significant subsidies for loss-making services.
|
|
Advent delisted the loss-making chain from the Frankfurt stock exchange in 2013.
|
|
"This business line has been loss-making since inception," Morgan Stanley's Humphrey said.
|
|
Roku is loss making but the company has been growing customers and revenue.
|
|
In the early 2000s Mr Ghosn helped return loss-making Nissan to profitability.
|
|
It also exited loss-making operations in Italy and in Vietnam last year.
|
|
BA was loss-making and struggling in the wake of the financial crisis.
|
|
Investors seem to be losing patience with lofty valuations at loss-making companies.
|
|
Noel Acciari scored for Boston, and Tuukka Rask took the loss, making 23 saves.
|
|
The plane is leased by loss-making state carrier Air Tanzania Company Limited (ATCL).
|
|
ENSO and Abide are expected to remain loss-making for up to 18 months.
|
|
The loss-making firm, which has 340m users, is known as China's "everything app".
|
|
Most players are still loss-making as they spend heavily on marketing and acquisitions.
|
|
Kesko announced the plan to sell or close the loss-making business in February.
|
|
Was this more outrageous than a loss-making two-year-old company called eToys.
|
|
Exxon will have an even harder time justifying more investment in loss-making oil.
|
|
In France, sales were hit by the disposal or closure of loss-making stores.
|
|
Uber shares have dropped more than 30% since the loss-making company went public.
|
|
In November it also announced it was exiting owned stores in 10 loss-making markets.
|
|
Of the 132 firms, 52% would be loss-making if costs rose by just 5%.
|
|
Rwandair, the loss-making national airline, is sucking in subsidies as it opens new routes.
|
|
If, as happened to Carillion, extra costs arise, the deal can quickly become loss-making.
|
|
The pound is set for a third straight loss-making month versus the single currency.
|
|
It is also on track for a third straight loss-making month versus the euro.
|
|
Lotte's loss-making venture in the People's Republic has already sparked a founder-family spat.
|
|
In February Airbus took the tough decision to scrap its loss-making A380 super-jumbo.
|
|
The unlucky ones with large loss-making policies already in place face a harder road.
|
|
It is now a loss-making business and full year 2020 estimates are too high.
|
|
TUIfly has 41 planes, 14 of which are currently operated by loss-making Air Berlin.
|
|
DE) the world's largest carmaker by sales, is looking to loss-making startup Tesla (TSLA.
|
|
Investors know that there's now a rising risk for all of these loss-making companies.
|
|
Bird is also thought to be loss-making, though the firm has never confirmed numbers.
|
|
Airbus took control of the loss-making aircraft programme from Canada's Bombardier in mid-2018.
|
|
Shares in the company jumped after it said the loss-making unit could be sold.
|
|
NAIROBI (Reuters) - When Sebastian Mikosz took over as CEO of loss-making Kenya Airways (KQNA.
|
|
Still, the loss-making company has about $1.7 billion in contractual obligations, like leases, outstanding.
|
|
AirAsia X's Malaysian and Thai airlines were profitable, while its Indonesian arm was loss-making.
|
|
PA) said on Monday it had agreed to buy loss-making Opel from General Motors (GM.
|
|
Lufthansa will ground three long haul planes on loss-making routes after the summer, he said.
|
|
Fahour said that Australia Post should not be compared to the loss-making U.S. Postal Service.
|
|
The sources said Nissan will likely kill loss-making variants for the Titan full-size pickup.
|
|
That translated Square into a high-growth loss-making company in the very competitive payments space.
|
|
The loss-making company is looking to cut its costs as part of a turnaround plan.
|
|
The market bounced back after ditching some loss-making businesses, although weak investment returns hurt profit.
|
|
It also closed 23 loss-making stores in Italy and 11 stores in Russia last year.
|
|
Loss-making companies with little prospect of turning round their performance are starting to shed workers.
|
|
But the group is loss-making and battling it out with rivals in a price war.
|
|
Alphabet's drive for diversification also includes its "Other Bets" business, considered the company's loss-making arm.
|
|
The company has already sold loss-making chain Mais Econômica to local investors for $12 million.
|
|
NS) is re-thinking the strategy for its loss-making Korean automaker Ssangyong Motor Co (2460.
|
|
Currently, the loss-making unit runs 12 stores in Brazil and a website, employing 550 people.
|
|
The loss-making plant in Taranto in Italy's south is grappling with a serious pollution issue.
|
|
Port Talbot, owned by India's Tata Steel, has been loss-making over the last three years.
|
|
Modi's government is currently trying to sell its 76 percent stake in loss-making Air India.
|
|
Then, there is the simple fact that starting any business begins as a loss-making venture.
|
|
And while the business unit was still loss making, those losses narrowed and the margins improved.
|
|
Multinationals can downsize loss-making French operations more easily, even if the overall business is profitable.
|
|
Fitzgerald took the helm at difficult time for Puma, which has been loss-making since 2018.
|
|
At that point, at least 26 loss-making stores were scheduled for closure by spring 2018.
|
|
State oil firm Petrobras said it would idle a loss-making fertilizer plant in Paraná state.
|
|
Bluegogo's demise in December underlined the competitive and loss-making nature of China's bike-sharing industry.
|
|
Once a stable profit contributor, Industrial Solutions has turned loss-making over the past two years.
|
|
N) sold loss-making Opel and its British sister brand Vauxhall to France's Groupe PSA (PEUP.
|
|
But banks moved to reduce their exposure to the loss-making products after the 2008 crash.
|
|
Launched in 2009 in Berlin, loss-making Home24 delivers furniture in seven European markets, plus Brazil.
|
|
He sold the loss-making department store chain last year to Dominic Chappell for one pound.
|
|
Jio is likely to be loss making at the EBITDA level for the first two years.
|
|
Britain's loss-making Co-operative Bank struck a £700m ($13m) deal with investors to keep it alive.
|
|
Lyft and larger rival Uber, both loss-making, have historically relied on heavy subsidization to attract riders.
|
|
In China, Carrefour remains loss-making amid fierce competition from local players and a buoyant online market.
|
|
TOKYO (Reuters) - Taiwan's Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp (6753.
|
|
Both domestic retail investors and overseas funds were enthusiastic about the loss-making startup's IPO, sources said.
|
|
They plunged headlong into expansions of capacity, whatever the cost, and kept even loss-making firms alive.
|
|
Kuwait, meanwhile, could be forced to revive plans for the delayed privatisation of loss-making Kuwait Airways.
|
|
OL) for 2.22 billion crowns ($247 million) in an attempt to boost the loss-making airline's finances.
|
|
Edeka and Rewe's purchase of loss-making chain Kaiser's was dogged by anti-trust concerns in 2015.
|
|
The AWS technique is being adopted by younger, loss-making, tech firms that want to go public.
|
|
Nonetheless SoftBank has too much scope to manoeuvre unlisted investments in high-growth but loss-making firms.
|
|
Employment in state firms plummeted in the 1990s when the government closed thousands of loss-making companies.
|
|
Rival NBG was loss-making in the three months through June after booking higher bad debt provisions.
|
|
JOHANNESBURG (Reuters) - Loss-making South African arms maker Denel has a problem as it fights to survive.
|
|
ATHENS (Reuters) - Greece unveiled on Monday a plan to overhaul loss-making state-controlled Public Power Corp.
|
|
The loss-making Construction Bank was taken over by the central bank at no cost in 2015.
|
|
Amazon's investment in loss-making Deliveroo, which operates in 500 European and Asian cities, defers the answer.
|
|
"We believe the core bank is still massively loss-making," said Enrico Racioppi at brokerage Hammer Partners.
|
|
Metro said it was making progress on the sale process for its loss-making Real hypermarkets chain.
|
|
G4S has been reducing its dependency on Britain after it overstretched on sensitive loss-making government contracts.
|
|
Let's consider the recent sale of General Motors' loss-making European operations to Groupe PSA of France.
|
|
The scramble to unwind loss-making derivative trades may only exacerbate the fall in the coming days.
|
|
In order to return to profitability, they have cut back on capacity, ditching many loss-making routes.
|
|
For that reason, it promised at first to redistribute cash from profitable insurers to loss-making ones.
|
|
Mr Arora's investment spree include a $1 billion punt on Coupang, a loss-making South Korean unicorn.
|
|
Loss-making Lyft and its larger rival Uber have historically relied on heavy subsidies to attract riders.
|
|
Griffith said 60 percent of the industry was loss-making and that more jobs were at risk.
|
|
Loss-making Cauval, owner of the Treca, Simmons and Dunlopillo brands, was placed into receivership in February.
|
|
Launched in 2009 in Berlin, the loss-making firm delivers furniture in seven European markets, plus Brazil.
|
|
Falling chicken demand has forced loss-making poultry farmers to cut corn and soymeal purchases, Ahire said.
|
|
Air India has six subsidiaries – three of which are loss-making – with assets worth about $4.6 billion.
|
|
The target is loss-making, but Heineken has reason to believe it could do a better job.
|
|
The food-delivery business can be split into two camps: mostly profitable veterans and loss-making newcomers.
|
|
By finding new ways to attract customers, he helped lift the loss-making company out of debt.
|
|
Loss-making Mediaset Premium has 2 million subscribers, many of whom are drawn to its sports channels.
|
|
L) said it would sell its loss-making commercial marine business to Norway's Kongsberg Gruppen ASA (KOG.
|
|
Under its turnaround plan, Denel will exit some loss-making businesses and forge partnerships to bolster others.
|
|
Salaries for 7,000 workers at the loss-making Greek post office are being covered out of budget revenues.
|
|
The government's intervention, he said, had helped avert an outright closure of the loss-making operations by Tata.
|
|
And if Tata drifts, its numerous weak and loss-making firms could eventually pull the entire group under.
|
|
In 2013, Bunge began exploring a sale of its loss-making mills, which are now turning a profit.
|
|
In 2016, Hong Kong Disneyland said it would invest another $1.4 billion to expand the loss-making park.
|
|
The retailer will also close 55 primarily small, loss-making stores in other Latin American markets, it said.
|
|
Yet in stark contrast to AWS, which supplies the bulk of Amazon's profits, Azure is still loss-making.
|
|
Danone Chief Executive Emmanuel Faber said in February the loss-making Earthbound Farms was under "intense strategic scrutiny".
|
|
It had put the loss-making business up for sale last year to focus on shoes and clothing.
|
|
The Boqueron field and Petroperija joint ventures were loss-making, Rosneft said in its financial report for 2018.
|
|
The French firm, loss-making until Carlos Tavares took over in 2014, has stopped making less profitable models.
|
|
It became emblematic of the first dotcom bubble, when loss-making startups fetched stratospheric valuations—until they didn't.
|
|
He said ending production of its loss-making Nano car would make little difference to the firm's profitability.
|
|
Loss-making shipping prices are no longer a justifiable investment in the future, but a barrier to entry.
|
|
Options include spinning the loss-making service off into a separate company or selling it, analysts have said.
|
|
Loss-making Rakuten TV says it has nearly 7 million pay-per-view customers in a dozen countries.
|
|
He is about to sell Real, a loss-making chain of hypermarkets, as well as Metro's China business.
|
|
Gupta's goal is to "recycle everything" and convert shuttered and loss-making steel plants into steel recycling plants.
|
|
He also advocated reform of the initial public offerings system and promoted the delisting of loss-making firms.
|
|
Conduent can renegotiate or exit underearning contracts and turn loss-making business units into "profit centers," Greenlight said.
|
|
Most players, though not Just Eat, are still loss-making as they spend heavily on marketing and acquisitions.
|
|
To improve results, NN is looking at increasing premiums, lowering costs and shelving loss-making products, Friese said.
|
|
Zimbabwe's energy regulator is also raising electricity tariffs to enable loss-making ZESA to make much-needed repairs.
|
|
Etihad says code shares were a key reason why it invested in loss-making Air Berlin in 2012.
|
|
Analysts say many state-owned companies are loss-making and only kept alive by loans from state banks.
|
|
Chahed has been pushing to overhaul loss-making state firms, making enemies with the powerful labor union UGTT.
|
|
"However, they're still loss making, and there doesn't seem to be an end in sight there," Dawson said.
|
|
Heavily-indebted and loss-making Aluminij, which is among Bosnia's top exporters, has narrowly avoided closure several times.
|
|
On Tuesday, however, the two sides agreed that Mitsubishi would buy Bombardier's loss-making CRJ regional jet program.
|
|
The carrier's owners Qatar Airways and Alisarda agreed in February to place the loss-making airlines into liquidation.
|
|
But this time round, they are not wasting money propping up zombie factories or loss-making steel plants.
|
|
Reuters reported in November that loss-making WeWork had secured an additional $3 billion in funding from SoftBank.
|
|
Baidu is now retreating from loss-making ventures outside of search and shifting resources into artificial intelligence (AI).
|
|
"In the short term we'll be loss-making but we see huge potential in the technology," said Huang.
|
|
Greggs quit its loss-making, 10 shop, business in Belgium in 2008 to focus on its UK operations.
|
|
The group agreed to sell its remaining American steel business, a loss-making steel mill in Brazil, in February.
|
|
Some still run loss-making schools and hospitals, a holdover from the days when China was a command economy.
|
|
Last month, Heineken agreed to buy the loss-making breweries in Brazil of Japanese company Kirin Holdings Co Ltd .
|
|
It also plans to overhaul its chip business and to sell its loss-making laptops and home appliances businesses.
|
|
Lyft and larger rival Uber Technologies Inc both loss-making, have historically relied on heavy subsidization to attract riders.
|
|
The loss-making firm's super-charged growth plan has been built on cheap delivery, online ordering and big discounts.
|
|
WISE investors know that winning bets shine more brightly if they are not overshadowed by big loss-making trades.
|
|
By keeping the private sector down, the government is protecting its own loss-making firms, which dominate the economy.
|
|
He persuaded institutional investors such as Fidelity and Baillie Gifford to make huge bets on his loss-making firm.
|
|
Altogether the retailer is closing 53 loss-making shops in ten countries, at the cost of about 2,000 jobs.
|
|
For Mr Khan, the game is a chance to fill a loss-making stadium in the football off-season.
|
|
Ford announced a root-and-branch restructuring of its operations in Europe, a loss-making region for the carmaker.
|
|
"We're really on that tightrope between using cash to grow and being a loss-making public company," he said.
|
|
Even before the latest round of announcements, carmakers had been downsizing and leaving loss-making countries or market segments.
|
|
The government raised the price of tickets on Cairo's loss-making metro on Friday, more than tripling some fares.
|
|
HSBC concluded that a new price war will see the shuttering of stores as they enter loss-making territory.
|
|
"We are already incurring a loss making laddus, and this makes it worse," a senior temple official told Reuters.
|
|
Sirat also reiterated an objective to bring loss-making CEVA to break-even at the end of this year.
|
|
Unsurprisingly, a valuation of around 17 times the loss-making company's 2016 revenues spurs a certain amount of scepticism.
|
|
Botswana put the airline up for sale in February, part of plans to privatise loss-making state-owned companies.
|
|
As Tata Steel prepares to sell its loss-making steel plant in Britain, Keenan's book makes for fascinating reading.
|
|
Metro also said it would take a 385 million euro ($430.89 million) impairment charge on the loss-making chain.
|
|
Second, extending credit to loss-making companies is the equivalent of keeping a terminally ill patient on life support.
|
|
The loss-making coal mining unit adds to the problems Tauron and its peers are facing with electricity prices.
|
|
The new 2016 guidance also takes into account restructuring costs at loss-making insurance unit Ergo, Munich Re said.
|
|
The other interesting aspect of the deal is that BilltoMobile is said to be loss-making for Danal Inc.
|
|
TRUSTING ONE'S GUT Jollibee likes to acquire quite small, loss-making firms at low prices and turn them around.
|
|
It has restated its historic accounts, announced it would appoint a new auditor and sold a loss-making unit.
|
|
Unlike Nasdaq, the Chinese stock market has strict listing criteria that prevent some loss-making companies from going public.
|
|
Ministers rightly resisted pressure to prop up Carillion by guaranteeing its debt or freeing it from loss-making contracts.
|
|
In a March call with analysts, American Eagle's CFO said it had reduced its "loss-making businesses" in Europe.
|
|
Loss-making U.S. carrier Sprint has been a major headache for SoftBank, which bought a majority stake in 2013.
|
|
The Italian government delayed its plan to free up new funds for the loss-making airline, Il Corriere said.
|
|
Hughes presents the decision to sell his magazine in a few sentences: After spending four years and $25 million trying to "turn the numbers in our financial statements from red to black," he finally came to the realization that the loss-making publication he bought in 2012 was, well, a loss-making publication.
|
|
It had been unclear previously whether such a filing would be required as both firms are loss-making in China.
|
|
Nevertheless, slightly over half of Russian banks were loss-making in the first three months of the year, Gref said.
|
|
Green sold the loss-making 180-store chain to Chappell's Retail Acquisitions Ltd vehicle for 13 pound ($1.28) in 2015.
|
|
Dealing with this requires closing, selling or restructuring loss-making businesses, including its European steel arm and its telecoms unit.
|
|
Through the new tech board, China will allow loss-making companies to list on an exchange for the first time.
|
|
And with many of its investments in unlisted, loss-making startups, investors remain dependent on SoftBank for disclosure of valuations.
|
|
The increase would take rates up by 190 percent on the current level, that is widely seen as loss-making.
|
|
He said this would include exploring options for its loss-making media arm and turning its managed services business around.
|
|
An obvious way is to shed loss-making businesses such as media operations, said analyst Richard Kramer of Arete Research.
|
|
The higher prices will simply bring more output back on line, as well as preventing loss-making mills from closing.
|
|
Airbus has taken majority control of the loss-making Montreal-based aircraft program, with Bombardier and Quebec as minority partners.
|
|
Loss-making Air Berlin would get fixed rate payments, while Lufthansa would assume the economic risk of operating the aircraft.
|
|
However, controlling shareholders and senior management of loss-making companies cannot sell shares until the business turns a profit. Definitely.
|
|
Utilities such as E.ON and RWE have taken big write-downs on loss-making power plants in the recent past.
|
|
Pitting two of its portfolio together in a loss-making market probably doesn't make sense to SoftBank at this point.
|
|
"We believe this lower fare environment will continue to shake out more loss-making competitors," O'Leary said in a statement.
|
|
The quarterly results included a $455 million charge to offload the company's loss-making solar inverter business to Italy's FIMER.
|
|
As it faces impending regulation, the company has considered several measures, which could include closing about 2802.3 loss-making stores.
|
|
The bank has been loss making since 2013 due to shrinking revenues, a large cost base and high impairment charges.
|
|
Airbus shares surged on the stronger-than-expected earnings and a decision to scrap production of the loss-making A380.
|
|
Loss-making SAA, which flies one of Africa's largest fleets, received state funds in July to help it repay debts.
|
|
He said this would entail "reviewing all solutions in countries where we are durably loss-making like Italy and Vietnam".
|
|
TV Azteca will no longer be required to inject additional cash into Colombia, with deconsolidation of this loss-making business.
|
|
In an unconnected move, Fridman's investment fund LetterOne won control of the indebted, loss-making DIA in May this year.
|
|
Shares in the company jumped to a 10-week high after it said the loss-making business could be sold.
|
|
But Tesco only has a 4 percent market share in Poland and it is the group's only loss-making business.
|
|
Loss-making Noble has mandated eight banks including Societe Generale, MUFG, HSBC and DBS as lead arangers, the sources said.
|
|
The Communist Party's inspection committee found MobiFone overpaid for a 95 percent stake in a loss-making pay TV provider.
|
|
Airbus bought the loss-making CSeries program from Bombardier last year while leaving it with control of the aerostructures operations.
|
|
Previously small- and medium- sized airlines had sensed an opportunity when the big ones pulled out of loss-making routes.
|
|
Coal-based power generation has become loss-making in Poland mostly due to low power prices and high emission costs.
|
|
AMS said on Monday it would buy Singapore-based optical sensor maker Heptagon, a loss-making company, for $855 million.
|
|
Posti cut more than 300 jobs last year and sold its loss-making Scandinavian freight delivery business to Denmark's NTG.
|
|
Son acknowledged that WeWork is a massively loss-making business, pointing to its low gross profits and high operating costs...
|
|
Hitachi, Toshiba Corp and Mitsubishi Heavy Industries Ltd are in talks to combine their loss-making domestic nuclear fuel operations.
|
|
Its unsuccessful negotiations in China and sliding valuations may force loss-making Snapdeal to consider an outright sale, sources said.
|
|
The report ordered by the prime minister had suggested closing many of France's uncrowded and loss-making small regional lines.
|
|
STMicro said in January that it planned to cut 1,400 jobs and close its loss-making set-top box business.
|
|
In the 2018 report, the Commission said that issuing 1-euro cents "is a loss-making activity for member states".
|
|
"This famous club has been loss-making for five years, with total losses of 275.9 million euros," said the narrator.
|
|
Zombie enterprises are loss-making firms that continue to operate only with the support of government subsidies or soft loans.
|
|
Loss-making Meituan last month set a price range of HK$23 to HK$23 per share for the IPO.
|
|
Puma Energy was among Trafigura's loss-making businesses, with a net loss of $500 million for the year to Sept.
|
|
Du Toit said Denel had agreed the terms of exiting the loss-making contract but it still needed government approval.
|
|
Critics of the deal argue that Murdoch could hold sway over the editorial output of Sky's loss making news channel.
|
|
State finances are strained by a bloated public sector, debt-servicing costs and subsidising the loss making state-power producer.
|
|
He has announced more than 10,000 job cuts and also plans to sell its loss-making laptops and home appliances businesses.
|
|
The investment firm which owns Monarch Airlines is weighing a surprise bid for parts of Alitalia, Italy's loss-making flag-carrier.
|
|
OL) for 2.22 billion crowns ($246.7 million), boosting the loss-making airline's finances and sending its shares sharply higher on Monday.
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All of Southeast Asia's big e-commerce players are loss-making, Paul McKenzie of CLSA told a media briefing this month.
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Fletcher Building Ltd, New Zealand's biggest construction firm, last year shut and sold loss-making units due to spiraling labor costs.
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"Baby Alex was born with Bilateral Moderate Sensorineural hearing loss, making him almost deaf," the hospital wrote alongside the short video.
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Correction (July 18th, 2017): This article originally stated that only two of 14 opera houses in Italy were not loss-making.
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ATHENS, Aug 31 (Reuters) - Greece's National Bank (NBG) turned loss-making in the second quarter after booking higher bad debt provisions.
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Total invested 13 million euros ($310.4 million) to convert the previous loss-making crude refinery so that it now produces biofuels.
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Bombardier is shoring up its loss-making regional jets and turboprops with a mixture of hard-sell, cost-cutting and outsourcing.
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The loss-making Russian business trades from 20 stores, while Iberia, which is close to break-even, trades from 13 stores.
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However, Samwer added that he could imagine the loss-making firm might need to raise funds in the next 24 months.
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Investors have been worried about SoftBank's outlook, mainly due to its majority stake in loss-making U.S. wireless carrier Sprint Corp.
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Kipng'etich took over as CEO of the insurance conglomerate in January after resigning from the loss-making Kenyan supermarket chain Uchumi.
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Musk has vowed that the loss-making company will be profitable and cash flow-positive in its third and fourth quarters.
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In this case, Meituan-Dianping's food-delivery business was loss-making as of February, following a subsidy war with Alibaba's Ele.me.
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And the latest entrant to the fray is VAIO, the company formed when Sony spun off its loss-making laptop division.
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The group expects its revenue to further decline in the next two financial years due to closure of loss-making stores.
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As a result, the IPO of Lyft and other loss-making unicorns represent a predicament for investors sitting on the fence.
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Loss-making theme park operator DXB Entertainments climbed 2.3 percent, pulling further away from a two-year low hit on Sunday.
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Gas may be a loss-making business for some of China's oil majors; time to lock in long-term supplies anyway.
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SunEdison, a loss-making solar-power company, emphasised voodoo metrics that supposedly captured its ability to sell assets to affiliated firms.
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There's another layer of leverage in Son's $24 billion Vision Fund, which owns stakes in loss-making companies like Uber Technologies.
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If Amazon ran a loss-making chain of cinemas, it would be but a little drop in the bucket for it.
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The loss-making site also suggested revenue for the current quarter might be as low as $590m, well below market expectations.
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It is also privatising Air India, the country's loss-making flag-carrier, which was being propped up at the taxpayer's expense.
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Mothercare operates 79 retail stores in Britain, with the segment having been loss making for a number of years, PwC said.
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The loss-making airline shut down in January 2012 after the local Catalan government failed to find new investors for Spanair.
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It's widely believed that Uber left Southeast Asia's loss-making market to clean its balance sheet ahead of a future IPO.
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SoftBank has invested billions of dollars in loss-making U.S. ride-services firm Uber Technologies but owns only a minority stake.
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The success of its other units does make you wonder how much longer LG will tolerate its loss-making smartphone business.
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If officials force strong firms to absorb loss-making mills, instead of shutting them down, they may create bigger, weaker companies.
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Opel and Vauxhall, the brands that PSA will now pick up, have been loss-making for 16 years in a row.
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Analysts expect global demand to contract at least 260% this year, increasing pressure on loss-making oil operations and planned investments.
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Ethos is a loss-making company, but its chief said it is becoming more profitable on each customer it signs up.
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In addition, Tesla remains loss making despite a , while BMW saw net profit rise 14 percent in the same time period.
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HK) will pay 55 million euros to buy a controlling stake in loss-making luxury lingerie and legwear specialist Wolford (WLFD.
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"Without government subsidy, our shale gas business is on the verge of loss-making," said Ma Yongsheng, a Sinopec vice president.
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DouYu is still loss-making and reported a net loss of $127.4 million in 2018, up from $91.33 million in 2017.
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The strong debut also reflects investor confidence that loss-making Meituan can fend off bruising competition from food-delivery platform Ele.
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Allan Kilavuka, who had been named as acting CEO in December, was chief executive of loss-making Kenya Airways' Jambojet subsidary.
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While China wants to boost efficiency in its steel industry, Baosteel faces the tough task of integrating its loss-making competitor.
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The IPO will test investor appetite for loss-making companies that are being shunned by Wall Street following the WeWork debacle.
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Lotte has injected a total of 70 billion won ($62 million)into Mart stores in China to support the loss-making operations.
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Loss-making Tesla, which made 83,922 cars last year, is already far ahead of the German luxury brands in electric car sales.
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It was not clear what price GM might want for the loss-making European business, or what structure a deal could take.
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Sony has been on a path to stabilize the loss-making smartphone division which finally saw profits in the last two quarters.
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The company on Monday announced the sale of its loss-making cash processing business for up to 10.1 million pounds ($15 million).
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Other critics say the Sri Lankan government signed up for unnecessary and loss-making projects, pushing the country into long-term indebtedness.
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In both markets there has been a strong reaction from other producing countries, which allege unfair subsidies to loss-making Chinese operators.
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If you run a loss-making company, you cannot forever keep raising, and you look at that question in a different way.
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Both companies are owned by the French state, which will engineer a rescue for loss-making Areva once the deal is complete.
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Wilbur Ross, would-be commerce secretary, bought loss-making American steel mills just before George W. Bush increased tariffs on imported steel.
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Besides video games, music, and movies, Sony also houses a capital-intensive semiconductors unit as well as a loss-making smartphones businesses.
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Activist investor Gatemore Capital has urged the loss-making company to split itself or spin off its Toast brand, among other options.
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Airlines are forced to fly some loss-making regional routes to gain access to the best airport slots in Delhi and Mumbai.
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"It (New York) is a loss-making route but it is feeding our Africa network," Sebastian Mikosz, the group CEO, told investors.
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Of all the big five tech companies (also including Facebook, Microsoft and Apple) only Amazon was loss-making when it went public.
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Fitch believes that there may be a major negative impact on CAR's operations if UCAR remains loss-making at the EBITDA level.
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Significant contingent liabilities for the budget arise from the possible need to restructure some loss-making SOEs, notably in the transport sector.
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Loss-making NWR is in talks with the Czech state on reorganising to slim down by closing mines and secure new funding.
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Spain's Santander, the euro area's biggest bank by market capitalisation, sailed through its homeland's financial storm without a single loss-making quarter.
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RYANAIR -STARTING TALKS WITH AIRPORTS TO DETERMINE WHICH UNDERPERFORMING/LOSS MAKING BASES SHOULD SUFFER THESE SHORT TERM CUTS AND/CLOSURES FROM NOV
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Fitch expects narrower losses from the proprietary brand operation as the company replaces its loss-making sedan models with SUV's in 173.
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Tax on revenues could backfire—it is unclear what a loss-making firm with whopping turnover is supposed to do, for example.
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Its demand has been supported by the powerful UGTT union which has also opposed Chahed's plans to overhaul loss-making public companies.
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HelloFresh remains loss-making but has narrowed its losses and pledged to break even on an operating profit level within 15 months.
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Under its fleet renewal program, loss-making Norwegian aims to sell older aircraft, often replacing them with new, more fuel-efficient models.
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The airline's largest shareholder Etihad is considering delisting the loss-making carrier although no decision has been taken, Handelsblatt reported, citing sources.
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The loss-making plane and train maker said it expected to deliver 240 more commercial aircraft next year, compared with 235 projections.
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Analysts say some of M&S's more marginal overseas divisions, such as its loss-making business in China, could also be closed.
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John Gibson made 42 saves to earn the win for Anaheim while Florida goalie James Reimer took the loss, making 22 saves.
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Qian said Fosun had managed to turn Club Med, which was a loss-making company at the time of its acquisition, around.
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And, for the first time, loss-making companies will be allowed to list in China, giving start-ups more access to funding.
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The airline, like many of its loss making competitors, has struggled with higher fuel costs, currency fluctuations and uncertainties presented by Brexit.
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HP will argue that Autonomy's management made undisclosed, loss-making hardware sales and misrepresented revenue to inflate Autonomy's value, its claim shows.
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In April, Hebei Iron & Steel Group signed a 46 million euro ($52 million) agreement to buy a loss-making Serbian steel plant.
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Etihad has said the code shares were a key part of its case for investing in loss-making Air Berlin in 2012.
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There are few signs yet that loss-making SOEs will be shut down or that any will be subjected to real competition.
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The Chinese central government plans to restructure its loss-making steel industry, which is probably responsible for half of this excess capacity.
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In short, it moves loss-making Grab farther along the path to profitability far more quickly, as CEO Anthony Tan has said.
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The deal also includes the sale for a nominal sum of the company's 48 loss-making Kika/Leiner furniture stores to Signa.
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Loss-making Alitalia was put under special administration last year and since then Rome has been on the hunt for a buyer.
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Its main expenses are a bloated public sector, interest payments on the public debt and transfers to the loss-making power generator.
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These include utility firm Eskom, which provides most of the country's electricity, and South African Airways, both of which are loss-making.
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Revenue from continuing businesses rose 4.5 percent in its first quarter and it suffered no new impairments on loss-making government contracts.
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He also pointed to the market's success last year in cutting back on loss-making business through stricter controls on its syndicates.
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When asked by an analyst whether loss-making Norwegian could execute its current growth program as a standalone business, he said: "no".
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The images reverberate with personal loss, making the fire's general statistics—51,057 acres burned, 781 buildings destroyed, six fatalities—heart-wrenchingly specific.
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Puma Energy was among Trafigura's loss-making businesses, with a net loss of nearly $500 million for the nine months to Sept.
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Unsaid in Khosrowshahi's statement is the pivot to profitability in a market environment that's stopped giving loss making "unicorns" a free pass.
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It was loss-making in the first half of the year, but turned a profit in June, according to a Reuters report.
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The fall was almost entirely due to A$1.2 billion in costs associated with abandoning a loss-making hardware business in Britain.
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IO62-CNI=SI to fade, and the global steel market remains over-supplied as China struggles to close loss-making surplus capacity.
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The protest underlined the deepening dispute between the French carmaker and staff at loss-making Opel, acquired from General Motors last year.
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Gambling house Tabcorp Holdings also rose on news that it would sell its loss-making wagering and gaming joint venture Sun Bets.
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SEOUL (Reuters) - South Korea's government will consider injecting fresh funds into the loss-making South Korean unit of General Motors Co (GM.
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Besides video games, music and movies, Sony also houses a capital-intensive semiconductors unit as well as a loss-making smartphones business.
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Baltex, which has been run by a Baltic-owned unit, was previously loss making and subsequently became a venue for presenting block futures.
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The party's demands have been supported by the influential UGTT union, which has also opposed Chahed's plans to overhaul loss-making public companies.
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Loss Making: Slack reported an adjusted operating loss of $33.8 million for the quarter, compared with a $20.2 million loss a year earlier.
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Coal-fuelled power generation in Poland is mostly loss-making due to high CO2 emission costs and ageing infrastructure that requires constant investment.
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A mandate for restructuring advisory firm AlixPartners to reduce overheads for the loss-making builder was completed at the end of last year.
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In February, the firm said it would cease Islamic banking activities in Bahrain and convert the loss-making business into a holding company.
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It was a hefty price for a loss-making company, which last paid a dividend in 2000 and whose customer base was shrinking.
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GM described Brexit as a "speed bump" that was continuing to negatively impact the carmakers attempt to address its European loss-making unit.
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It's named after the U.S. electric carmaker that remains loss-making eight years after going public in 2010, but is worth $63 billion.
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As part of its overhaul, Mitie has restated its accounts, said it would appoint a new auditor and sold a loss-making business.
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The market is currently "piled up" in what history shows is a loss-making trade, according to one of JPMorgan's top stock pickers.
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The companies are willing to invest heavily in the project, Henrar said, but they want the state to subsidise initial loss-making phases.
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In 2015 Hubei Yihua, a loss-making chemicals manufacturer, raided its liquor cabinets to offer alcohol to workers and suppliers, instead of cash.
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The loss-making pay-TV has over 2 million subscribers, mostly attracted to its sports channels, and lost 85 million euros in 2015.
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It's unclear what Disney would do with a loss-making 24-hour news channel, which caters to an audience of UK political obsessives.
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Beijing's growing reliance on SOEs could also delay much-needed restructuring of the sector, where many firms are bloated, loss-making and inefficient.
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The loss-making builder's chairman said on Wednesday it might break even in 2016 and should return to profit in the following year.
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From FY16 the group's strong cost-cutting measures, including the closure of loss-making stores, should fully offset expensive operational investments in repositioning.
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Nine of the 21 major S&P 2673 sectors were lower, with the energy index's 2988 percent loss making it the top decliner.
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The Lebanese state's biggest expenses are its bloated public sector, debt servicing costs and large transfers to the loss-making public power company.
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Analysts and investors have worried about FCA's over-reliance on the U.S. market, given its loss-making operations in both Asia and Europe.
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He did rid the firm of loss-making steel plants, such as assets in the Americas that cost €8bn ($9.3bn) in write-downs.
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Mission impossible: A new executive at LG is charged with fixing the company's long-time loss-making smartphone division following a leadership change.
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However, mobile remains loss-making and is likely to continue to put pressure on Tattel's margins in the next two to three years.
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Activist investor Gatemore Capital last March urged the loss-making company to split itself or spin off its Toast brand, among other options.
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PSM is one of several firms Pakistan wants to sell to revive loss-making entities that cost the government $5 billion a year.
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The figure was hit by ABB taking a $455 million charge to offload its loss-making solar inverter business to Italy's FIMER SpA.
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They also agreed that their governments should not provide subsidies or other support that sustain loss-making steel plants or encourage additional capacity.
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"This is a crude description, but loss-making overseas facilities would be the main targets," CEO Hiroto Saikawa said during Thursday's earnings presentation.
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The state's main expenditures are the public sector wage bill, paying interest on its debt, and subsidizing the loss-making state power company.
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LOSS-MAKING 'UNICORNS' Lyft's 703 loss widened to $911 million from $688 million in 2017, despite revenue doubling in 2018 to $2.16 billion.
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It must sell some businesses, from perennially loss-making ones, like the manufacture of televisions, to jewels such as its medical-equipment division.
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The government appears to recognise that the only way to break the debt cycle is to close or slim down loss-making firms.
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But the long-time company veteran needs to shed a loss-making handset unit and spin off the chip business, among other things.
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That rule permits certain transactions to be loss-making for a local division if they are beneficial for the corporation as a whole.
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AMS's plan to relocate production from Osram's loss-making plant in Kulim, Malaysia to Regensburg, Germany, will be reviewed as well, it said.
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Meanwhile, French rival Auchan has sold most of its loss-making business in Italy, while it also faces tough market conditions in France.
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Loss Making: Slack reported an adjusted operating loss of $33.8 million for the quarter, compared with a $20.2 million loss a year earlier.
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AMS's plan to relocate production from Osram's loss-making plant in Kulim, Malaysia to Regensburg, Germany, will be reviewed as well, it said.
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This in stark contrast with most other food delivery websites, which are loss-making, and in our opinion, will likely never become profitable.
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The U.S. drugmaker said the medicine had been loss-making and it was therefore forced to consider whether it could continue supplying it.
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Britain is battling to save its steel industry after India's Tata Steel put its loss-making British operations up for sale last week.
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GM and South Korea reached a preliminary agreement last month to inject $4.35 billion into the loss-making unit to keep it afloat.
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Metro, which bought Redcoon in 2011, has seen the loss-making business struggle as its Media-Saturn stores have expanded rapidly into ecommerce.
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The Malaysian government is considering whether to shut, sell or refinance its loss-making national carrier, Prime Minister Mahathir Mohamad said in March.
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Green owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell for one pound in 13.
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AS), the world's second-largest brewer, agreed on Monday to buy the loss-making Brazilian breweries of Japan's Kirin Holdings Co Ltd (2503.
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LOSS-MAKING 'UNICORNS' Lyft's 2018 loss widened to $203 million from $688 million in 2017, despite revenue doubling in 2018 to $2.16 billion.
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Uber, which is also loss-making, would be valued at about $128 billion at its IPO if awarded the same multiple as Lyft.
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It is the second time Arvind Kathpalia, who is also on the loss-making airline's board, has been in trouble over alcohol tests.
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And fixing Sharp, the loss-making Japanese electronics manufacturer, will be a tough slog for Foxconn, the Taiwanese giant led by Terry Gou.
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His statements were based primarily on the fact that he'd previously handed Bisping an emphatic loss, making them 1-1 across 2 fights.
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In March activist investor Gatemore Capital urged the loss-making company to split itself or spin off its Toast brand, among other options.
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Heineken acquired the loss-making Brazilian operations of Japan's Kirin in 2017 to become the number two player in the South America country.
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Airbus and Bombardier said on Friday they had finalised an agreement for the European group to take control of the loss-making program.
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Deutsche plans to dramatically reduce the size of its loss-making U.S. equities business as part of an overhaul of its investment bank.
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The fall in the lira was exacerbated by heavy selling of the currency by Japanese retail investors as they closed loss-making positions.
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SoftBank is also injecting an additional $3 billion in loss-making U.S. shared office space provider WeWork Cos, Reuters reported earlier this month.
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Government plans to reduce industrial overcapacity and cut off support for loss-making "zombie" firms could put further pressure on lenders' balance sheets.
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The other big question is, who will ultimately pick up its loss-making public contracts - another outsourced services provider or the government itself?
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It agreed this month to buy loss-making German lignite coal mines and associated power plants from state-owned Swedish utility Vattenfall VATN.
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The loss of two Boeing 777s just months apart in 2014 triggered a much needed state bailout for the already loss-making carrier.
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The Malaysian government is considering whether to shut, sell or refinance the loss-making national carrier, Prime Minister Mahathir Mohamad said in March.
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However, the company, founded in June 2017, is still loss making and has warned it may continue to incur losses in the foreseeable future.
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However, peers need to tread carefully to avoid anti-trust concerns like those that dogged Edeka's purchase of loss-making chain Kaiser's in 2015.
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Ekholm's strategy to stabilize the business includes exploring options for its loss-making media arm and reviewing unprofitable managed services and network rollout contracts.
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Xu said the total number of loss-making steelmakers fell 51 percent last year, while overall sector profits rose more than twofold in 2016.
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Zuma's team and the Treasury under Gordhan have disagreed about government spending, including at loss-making state companies like South African Airways, analysts say.
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It has said its marketplace business is profitable, although the Foodpanda business it bought from Rocket Internet is still loss-making, although growing fast.
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That forced China's loss-making industry to band together to pledge production cuts, with markets looking out for any other signs output could ease.
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But GM warned its loss-making South Korean operations would file for bankruptcy unless the union agreed to further cost cuts by April 20.
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Many like to talk about how Amazon runs Prime as a loss-making service, but Schaefer said the same does not go for Unlimited.
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ADJUSTED EBITDA This common measure of profitability will look similar to Lyft's in one major respect: both Uber and Lyft are loss-making companies.
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It said the results were negatively impacted by integration of loss-making freight forwarder UTi, which it acquired in January for around $1.35 billion.
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The company is still loss-making, mainly because of costs related to its rapid growth, but it is aiming to break even next year.
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The investments required to scale are almost negligible, their market size often unlimited, their shift from loss-making to profit can be almost immediate.
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Retail Acquisitions Ltd (RAL), a little known vehicle led by Chappell, bought the loss-making BHS from Green for 1 pound in March 2015.
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Italy's biggest private broadcaster is preparing to inject fresh capital into its loss-making Premium unit before the end of the year, MF reported.
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It was supply and demand in action: a currency devaluation in 2016 pushed up seed costs, so farmers stopped planting a loss-making crop.
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It is also moving to electronic processing of trades, setting up Lloyd's Lab to encourage insurtech and pushing syndicates to exit loss-making businesses.
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The business was loss-making, depressed by a subsidy war, but this has been the case for ride-hailing and food-delivery apps, too.
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Opel's French owner PSA last year bought the loss-making manufacturer and its British sister brand Vauxhall from GM in a $2.6 billion deal.
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Vladimir Bespalov, an analyst at Russia's VTB bank, said Ford's Russian operations were still loss-making but could be profitable as soon as 2018.
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The company has invested around 200 million euros ($227 million) to convert the loss-making crude refining unit in southeastern France to produce biodiesel.
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The central bank said in a monthly report that there were still more profitable lenders in the Russian banking sector than loss-making organisations.
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JOHANNESBURG, Sept 2 (Reuters) - South Africa's cabinet has reappointed Dudu Myeni as the chairwoman of the loss-making national airline, it said on Friday.
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Loss-making Saudia is being restructured with the aim of regaining profitability by 2020 so that it can list on Riyadh's bourse, Jasser said.
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February 20, 2018 Murdoch strengthens an existing offer to protect the independence of Sky's loss-making news channel to try to overcome regulatory concerns.
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But the focus will be on the progress of Alphabet's "other bets" — loss-making businesses like Google Fiber and the Nest connected home devices.
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The group, which trades from over 21 stores across 20.7399 countries, has already identified 10 stores that could become loss-making and subsequently closed.
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The IPOs of Pinterest and other loss-making unicorns - startup companies with valuations of at least $1 billion - have presented a predicament for investors.
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In that case, a future Corbyn government could cast off current European Union rules that prevent subsidies to loss-making businesses and other restraints.
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Even today, with West Texas Intermediate crude trading at around $46 a barrel, entire swathes of the oil-production complex are likely loss-making.
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"Let's not forget, these are sort of sustained loss-making businesses," said Natasha Brilliant, head of small- and mid-cap equities at Citi Research.
|
|
Except for Ethiopian Airlines, most bigger carriers in the region are loss-making, including Kenya Airways, which parliamentarians voted to re-nationalize in July.
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Except for Ethiopian Airlines, most bigger carriers in the region are loss-making, including Kenya Airways, which parliamentarians voted to re-nationalize in July.
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Earlier, the loss-making chipmaker reported first-quarter revenue growth in its automotive division that limited the impact of weaker sales in other units.
|
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In October, the U.S. manufacturer had said it would exit a number of loss-making businesses in Europe in a bid to restore profitability.
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Owned by founder Moos and UK private equity firm 3i, Basic-Fit has increased sales quickly over the past two years, but remains loss-making.
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The bank, which has lent heavily to loss-making projects including construction for the event, is under Western sanctions that restrict access to international finance.
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China currently has at least 300 million tonnes of spare capacity, making it a priority to close older, loss-making mills and consolidate the industry.
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Earlier this month Auchan said it had agreed to sell almost all the activities of its loss-making Auchan Retail Italia arm to Italy's Conad.
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Russia's second-largest bank VTB made net profit of just 0.6 billion roubles in the first quarter, while many smaller Russian banks remain loss-making.
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BHS had significant net liabilities, had had to make provision for loss-making stores, and had very significant deficits in its defined-benefit pension schemes.
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Basic Fit remains loss-making on a net basis, reporting an annual net loss of 32.4 million euros, following 2 prior years of smaller losses.
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Ford said in January a turnaround of its European operations would involve cutting thousands of jobs, possible plant closures and discontinuing loss-making vehicle lines.
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However, investors have grown more nervous on the stock since loss-making Swedish rival Ericsson slashed its forecast on the global network market last week.
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The European aviation sector has been struggling with overcapacity, leading some airlines to offer loss-making fares and a few smaller carriers to go bust.
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Its results for 2015/16 have been held back by the Treasury's refusal to grant the loss-making carrier 5 billion rand in additional guarantees.
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Dubai's index slipped 0.6 percent as loss-making construction company Drake & Scull plunged its 10 percent daily limit to a record low of 0.405 dirham.
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While still loss-making, Spotify has posted rapid subscriber growth since it was created a decade ago by Swedish founders Daniel Ek and Martin Lorentzon.
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Jodie DeJonge, the former editor of the Cambodia Daily, points out that using a tax bill to silence the (loss-making) newspaper was particularly shrewd.
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Zen Rooms, a budget hotel network funded by Rocket Internet among others, is facing shutdown if investors are unable to sell the loss-making business.
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The loss-making airline, which is 48.9% government-owned and 7.8% held by Air France-KLM, has been struggling to return to profitability and growth.
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The partnership comes as Tata Motors tries to turnaround its loss-making domestic business by launching more modern vehicles, improving efficiencies and streamlining its organisation.
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One thing is clear: Agarwal and his investors are valuing the loss-making company as a disruptive technology play more than a traditional hotel giant.
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Loss-making Air India has seen much of its market share disappear to fast-growing private local carriers and international airlines in the last decade.
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Florida goalie Roberto Luongo, in just his second game back from his second lower-body injury of the season, took the loss, making 32 saves.
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Mistry also wrote that Tata's interference "severely constrained" his ability to make the necessary changes to turn around many of the conglomerate's loss-making businesses.
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In the coming months, markets will be watching whether Isaka will heed calls from Loeb and other investors to overhaul its loss-making supermarket chain.
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LOSS-MAKING 'UNICORNS' Lyft posted a loss of $703 million in 2018 versus $688 million in 2017, despite revenue doubling in 2018 to $2.16 billion.
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LOSS-MAKING 'UNICORNS' Lyft posted a loss of $911 million in 2018 versus $688 million in 2017, despite revenue doubling in 2018 to $2.16 billion.
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"Eskom is in a state of severe financial difficulty, ... we are locked into a loss-making position," Eskom Chairman Jabu Mabuza told a news conference.
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Loss-making shoe brand Andre, which employs 53 people, will be sold to an unnamed buyer, Vivarte told a union meeting on Tuesday, sources said.
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The central bank took over loss-making Construction Bank in 2015 as part of the reforms and in an effort to stabilize the financial sector.
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In Dubai, loss-making builder Arabtec rose 2.5 percent after it hired a new chief financial officer, Peter Pollard, who will oversee its recapitalisation programme.
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It posted a wider third-quarter loss as it outspend rivals on discounts to lure customers and invested heavily in loss-making new business ventures.
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Spohr on Tuesday reiterated that Lufthansa would only be interested in the loss-making company if it were restructured and the Italian government left out.
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While Sberbank has stayed profitable and earlier this week reported record first-quarter earnings, many smaller banks are either loss-making or just breaking even.
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Lufthansa has repeatedly said that the Italian market is important for it but that loss-making Alitalia must first be restructured before it would invest.
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The Bundesbank and ECB have resorted to buying more loss-making, shorter-dated German bonds since February in order to continue the money-printing programme.
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Loss-making Ericsson has been going through broad restructuring and last week stirred recovery hopes by beating market expectations on the back of cost savings.
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The maker of Peugeot and Citroen cars has repeatedly criticised high production costs at loss-making Opel, which it bought last year from General Motors.
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Chahed in March floated the idea of overhauling loss-making public companies, sparking an outcry from labor union UGTT which has ruled out any sale.
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MX. "None of the normal ratios work because it's loss-making, but it's a very attractive price," said Trevor Stirling, beverage analyst at Bernstein Research.
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The search company bought the majority stake in the then loss-making Qiyi in 2012, a push into the highly competitive Chinese digital media market.
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The nomination appeared in an invitation to this year's annual general meeting and comes amid questions over the future leadership of the loss-making bank.
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The loss-making airline has scaled back its ambitions and started reorganising as a mid-sized carrier focused on point-to-point traffic in 2018.
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The loss-making airline is undertaking a transformation programme aiming for HK$4 billion in savings over three years from lowering costs and boosting productivity.
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Rolls-Royce was the top FTSE gainer, up 5.4 percent after saying that it was considering the sale of its loss-making commercial marine business.
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South Africa's public finances are stretched by the need to rescue ailing state power company Eskom and South African Airways, which is heavily loss-making.
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She has overseen some major asset sales, such as Puma's Australian business, in order to deleverage the firm that has been loss making since 2018.
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And BenevolentAI — which has been working on drug discovery — found itself raising money last year in round that devalued the loss-making company by half.
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Loss-making Nama Chemicals, which soared late last month on news of a recovery plan, was also hit by heavy profit-taking, sliding 6.7 percent.
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The government has drawn up plans to turn around loss-making sectors including textile, chemical, pharmaceutical and metallurgical industries, which have been neglected for decades.
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Shares of the loss-making, state-controlled oil explorer and power supplier jumped 2200 21 percent by noon on the Abu Dhabi Securities Market (ADX).
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The planes are mainly built in Canada where they were originally designed by industrial group Bombardier before Airbus bought the loss-making programme last year.
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Investors are growing impatient with loss-making firms such as Uber, which has shed a third of its stockmarket value since going public in May.
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The loss-making company - with 64,000 employees, about 1,600 stores and $5 billion of debt - has faced a growing challenge from online platforms like Amazon.
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Overall the group, which spans various local services such as group-buying and reviews, is profitable, but investors say its food business is loss-making.
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Recent deals, however, suggest an uncertain economic outlook is pushing investors to be more selective about the loss-making companies they are willing to back.
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Air Italy's owners Qatar Airways and Alisarda agreed on Tuesday to place the loss-making Italian carrier into liquidation, blaming "persistent and structural market problems".
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Deutsche Bank has begun the search for a new chief executive as investors grow frustrated with the slow turnaround of the loss-making German lender.
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Musk shocked the market, yet again with a tweet on Tuesday that he was considering taking the loss-making company private at $420 a share.
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The four-year debentures can be subscribed until Tuesday and the loss-making company plans to list them on Euronext Lisbon bourse on June 24.
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The loss-making airline has scaled back its ambitions and started reorganizing as a mid-sized carrier focused on point-to-point traffic in 2018.
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The Rome government is resisting layoffs even at Alitalia, the loss-making airline that has been burning through government loans for the past two years.
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The Sun is an underdog too, a loss-making has-been hived off by its parent company to make way for the all-conquering Daily Mirror.
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KARACHI, Oct 12 (Reuters) - Pakistan has appointed Air Vice Marshal Arshad Malik as chairman of loss-making Pakistan International Airlines (PIA), the information minister has said.
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U.S. discounts for all types of copper scrap blew wider as higher prices incentivised dealers to release material that had been loss-making at lower prices.
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Airbus also signalled lingering risk with its loss-making A400M military transport plane as it negotiates with European nations over recent delays and shortfalls in capability.
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The order figures underscore Airbus's decision to take over the lightweight but loss-making Bombardier CSeries aircraft, generating 135 orders worth $12 billion at list prices.
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Loss-making Luckin vows to more than double its number of locations from just over 2,000 to more than 4,500 by the end of this year.
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Germany's biggest electricity companies, E.ON and RWE, both split in two last year, separating their renewables and grid businesses from indebted and loss-making conventional generation.
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FCA operates in the country through a loss-making joint venture with Guangzhou Automobile Group and has a 0.35% share of the Chinese passenger car market.
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FCA operates in China through a loss-making joint venture with Guangzhou Automobile Group (GAC) and has a 20.9091% share of the Chinese passenger car market.
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SoftBank is thought to have favored consolidating Uber's businesses in emerging markets, with Southeast Asia — a loss-making geography for all — one of its apparent targets.
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During the bankruptcy process SDH will continue to try to sell parts of the loss-making company, which employs about 220 people, after no bidders emerged.
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Modi's cabinet gave the go-ahead last year to sell the loss-making flagship airline after successive governments spent billions of dollars to keep it solvent.
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At $420 per share, loss-making Tesla's enterprise value of $81 billion including debt is four times 2018 revenue, using Thomson Reuters I/B/E/S.
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With Ford now mostly getting out of its loss-making sedan business, however, the company could be on a better track to invest in new technologies.
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Foxconn late last month suspended the signing of a deal to take over the loss-making Japanese electronics firm, citing the emergence of new material information.
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The 203 billion euro company has been boosted by Tavares' turnaround of Opel-Vauxhall, the previously loss-making business it bought from General Motors in 2017.
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Mr Foer was editor of the New Republic under Chris Hughes, one of Facebook's founders, who bought the well-respected but loss-making magazine in 2012.
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In both cases, the firm's motivation was to purportedly shape up for a potential IPO by offloading loss-making units that had lost the local market.
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"Most of the SOEs are loss making businesses, and even those that pay some of the highest taxes to Mongolia are not efficient businesses," he said.
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SoundCloud's most recently available financial data revealed that the company is still loss-making, but that its revenue was up 20 percent from the previous year.
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Loss-making OKD said in its insolvency filing that it owed 23.41203 billion crowns (223.4120 million euros) and held assets worth less than 21 billion crowns.
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Jefferies analysts warned, however, that the new contract could be loss-making in the first two years despite contributing 40-50 million pounds in annual revenue.
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The strike was sparked by a plan to hand over management of the profitable airport, the largest in the country, to the loss-making national carrier.
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Loss-making Avianca has a roughly $4 billion debt pile, of which 40 percent is due within the next two years, according to recent financial statements.
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Moody's fears that if rates stay low for another four years, loss-making insurers will eat into their capital buffers, and some could—eventually—become insolvent.
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Companies like Amazon and Tesla show stock-market investors are willing to back loss-making or barely profitable technology outfits they believe will dominate clear niches.
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Since then, BHP has bowed to shareholder pressure for a shake-up by announcing it will sell its loss-making U.S. shale oil and gas business.
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Analysts have said Zuma's team and the Treasury under Gordhan have disagreed about government spending, including on loss-making state firms, such as South African Airways.
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Lyft shares closed 9 percent higher at $78.29 in their market debut on Friday, giving the loss-making firm a market capitalisation of around $22.2 billion.
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Revenue is growing fast – it jumped 59 percent to 2.3 billion yuan in 2016 - but Womai expects to be loss-making this year and the next.
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South Africa's public finances are stretched by the need to rescue other ailing state firms, like loss-making power company Eskom and South African Airways (SAA).
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The Libyans are suing for $1.5 billion over five disputed trades, some of them heavily loss-making, in a case set for trial early next year.
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HARARE (Reuters) - Zimbabwe has appointed an independent administrator to run its loss-making national airline to try and revive its fortunes, according to an official notice.
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Seven prime ministers have failed since 2011 to cut down the public services and loss-making state firms as unions or other groups have blocked reforms.
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While there may be a small pick up in demand for building in the second quarter, it appears that loss-making steel mills continue to survive.
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"The entire industry is going to be loss-making in the first quarter," Oswald Clint, an analyst at Bernstein Research in London, wrote in an email.
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Loss-making Carige, which is heavily exposed to the northwestern Liguria region where it is based, has seen its bad debts swell during Italy's deep recession.
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Lyft shares closed 9 percent higher at $78.29 in their market debut on Friday, giving the loss-making firm a market capitalization of around $22.2 billion.
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Zeng's exit comes as the company is retreating from loss-making ventures outside of search and channeling resources into its autonomous driving and artificial intelligence units.
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Morrisons is still losing market share but this is due to Potts's decision to close about 217 stores and sell a loss-making local convenience chain.
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"Any major detrimental impact on the finances of farmers in this area which is loss-making means those farmers aren't going to farm anymore," he said.
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JOHANNESBURG, March 3 (Reuters) - South Africa's Standard Bank reported a 27 percent rise in full-year profit on Thursday after offloading loss-making operations outside Africa.
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The company was formed in a government-backed deal in 2012 by merging the loss-making display units of Sony Corp, Toshiba Corp and Hitachi Ltd.
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Mistry was also criticized by some for his decision to sell what they felt were Tata family jewels, such as Tata Steel's loss-making Europe unit.
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However, in the relatively small Dutch market it was able to use deductions on loss-making operations elsewhere to reduce its corporate tax bill to zero.
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The delay to deliveries of 1.023 Max jets means Ryanair has had to close a number of loss-making winter bases in Spain, Germany and Sweden.
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In 2016, the government banned construction of new wind farms close to dwellings and imposed new taxes on investors that made many wind farms loss-making.
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Loss-making smaller rival Vodafone Idea said it will ask the federal government for relief on payments of at least $4 billion after the court ruling.
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In February, GPI had announced plans to close its loss-making Dunkin Donuts and Baskin Robbins franchises in South Africa after failing to find a buyer.
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"The whole world is clued into the fact that dramatically loss-making, questionable gross-margin businesses are no longer being valued just on growth," Roberts said.
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Denel, a cornerstone of South Africa's once-mighty defence industry, is battling to emerge from a financial crisis and has pledged to shutter loss-making divisions.
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Denel, a cornerstone of South Africa's once-mighty defense industry, is battling to emerge from a financial crisis and has pledged to shutter loss-making divisions.
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The nominations for the supervisory board come amid questions over the leadership of the loss-making bank and the future direction of its investment banking division.
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Cabinet also gave the green light for the government to potentially take an equity stake in any vehicle set up to rescue loss-making airline Alitalia.
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The loss-making Swedish startup led by Daniel Ek renegotiated the licensing agreements in the hope of cutting the amount of money it pays in royalties.
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In an extreme case, trading in shares of Xinjiang Yilu Wanyuan Industrial Investment, a loss-making ceramic products maker, has been suspended for about 20 months.
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Loss-making coal-fired plants due to high emission costs and below-cost sales of power to alternative producers have also weighed heavily on PPC's performance.
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The offer comes as the Detroit carmaker and the South Korean government discuss restructuring options at loss-making GM Korea, one of GM's largest offshore operations.
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Walmart paid $16bn in 2018 for a majority stake in Flipkart, a loss-making Indian e-merchant, hoping to profit from serving India's rising middle class.
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The startup lost £47.2 million ($61 million) in 2018 and Blomfield says it will continue to be loss-making for the next two to three years.
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The Chinese internet company bought the majority stake in the then loss-making iQiyi in 2012, a push into the highly competitive Chinese digital media market.
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The pricing values loss-making Luckin, already backed by Singapore's sovereign wealth fund GIC Pte Ltd and U.S. money manager BlackRock Inc, at about $4.2 billion.
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The head of Britain's largest steelmaker, Tata Steel Europe, has said it is impossible to compete with China when Beijing intervenes to prop up loss-making plants.
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OSLO (Reuters) - Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday.
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In 2010, General Motors sold Saab to luxury sports-car maker Spyker, owned by Muller, even though Spyker was loss-making and was tiny compared to Saab.
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Finance Minister Patrick Chinamasa said the government would be bold in reforming loss making state-owned companies and the mining sector, which generates the highest export earnings.
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France's PSA Group struck a deal with General Motors to buy the U.S. carmaker's loss-making Opel division, two sources with knowledge of the matter told Reuters.
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The company crafted a multi-brand strategy to engage the diverse Chinese consumer market and subsequently acquired Italian sportswear brand Fila's loss-making China arm in 2009.
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But president Martin Lau said on an earnings call that its nascent industrial internet business was still loss-making and needed more investment in capital and headcount.
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There was also a slight decline in Brazil, where Heineken became the second largest player in 2017 by buying the loss-making operations there of Japan's Kirin.
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The government is even mulling lifting the foreign direct investment cap on Air India , the loss-making state-owned flagship carrier, to make it easier to sell.
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Sony CEO Kenichiro Yoshida has reaffirmed the company's commitment to its loss-making Xperia smartphone business, positioning it as a central part of Sony's entertainment-focused identity.
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But specialist pension provider Just Group fell over 7% after first-quarter sales more than halved and it said it would shut its loss-making U.S. operations.
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With regards to the disposal of its stake in loss-making Dangote Flour Mills, Tiger Brands said only the approval of the Nigerian Stock Exchange was outstanding.
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Cash has been poured into Air Tanzania, the loss-making state-owned airline, which has recently bought half-a-dozen new planes, including a Boeing 2190 Dreamliner.
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Chinese regulators limit competition on domestic routes, allowing airlines to make healthy profits to cross-subsidise loss-making international routes chosen to reward allies such as Cuba.
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The company hopes that shifting planes from loss-making European holiday routes to South America, where countries are opening up to foreign airlines, will reduce its losses.
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"If without government subsidy, our shale gas business is on the verge of being loss-making," Ma told Reuters on the sidelines of the industry outlook briefing.
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The power firm had initially sought an 18.19 percent tariff increase to snap a loss-making trend and clear debts to independent power producers and fuel suppliers.
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It was stung by an investment into Bank of America-Merrill Lynch in the run up to the global financial crisis, an investment that proved loss-making.
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It also said its bonus pool would be above 2 billion euros ($2.49 billion) as the loss-making bank seeks to retain staff during a major overhaul.
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Seoul time on Monday, a union official said in a text message, amid the move by the U.S. automaker to seek bankruptcy for the loss-making unit.
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The company plans to develop an Indian procurement centre as a supply hub for its engineering business in its push to turn around the loss-making division.
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The loss-making Vistara airline has said the launch of international flights, which will give it greater scale to grow, is part of its path to profitability.
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According to government data, the number of loss-making listed auto suppliers has risen to 31 by the third quarter of this year from six in 2015.
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The board of Italy's Alitalia sees the restructuring plan prepared by the loss-making airline's chief executive as "serious and realistic", the carrier said in a statement.
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The loss-making company, which PSA bought from General Motors, earlier this year, employs over 37,000 people, including more than 19,000 in Germany, according to its website.
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CDA also said it had decided to sell or close its loss-making Seoul Grevin and Prague Grevin museums, taking a depreciation charge of 18.8 million euros.
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In addition, Unipol's exposure to real-estate assets (about 7% of total investments at end-2016) weighs on its ratings, as some of these are loss-making.
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BHP held on to its loss-making Nickel West operation after failing to find a buyer for a business estimated to have $1 billion in closure liabilities.
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Last month, Heineken agreed to buy the loss-making breweries in Brazil of Japanese company Kirin Holdings Co Ltd to become the second largest beer maker there.
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The neck-and-neck race extends a long rivalry between the two loss-making companies, which have battled each other for riders and drivers since their inception.
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The loss-making Indian airline approved a rescue deal in mid-February after months of crisis-talks to plug a 85 billion rupee ($1.2 billion) funding hole.
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According to South Africa's Chamber of Mines, 65 percent of the country's platinum operations are loss-making as the industry grapples with soaring costs and depressed prices.
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The move comes a year after buyout firm Retail Acquisitions, a collection of little known investors, acquired the loss-making chain from billionaire Topshop owner Philip Green.
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He was handed the key public enterprises department, which oversees around 300 state-owned firms, including loss-making South African Airways and cash-strapped power utility Eskom.
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The four officials are accused of intentional breaches of state rules over a loss-making investment in Ocean Group's banking unit, police said in an online statement.
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Potential private buyers are a little lukewarm on the idea of a deal despite mills like Port Talbot having some strategic assets amid their loss-making business.
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A deal for Airbus to take majority control of the loss-making Montreal-based aircraft program with Bombardier and Quebec as minority partners closed on July 1.
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Consumer stocks gained with gambling house Tabcorp Holdings up 2.2 percent on news that it would sell its loss-making wagering and gaming joint venture Sun Bets.
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Christoph Mueller, a former pilot, restored the fortunes of Aer Lingus, Ireland's flag carrier, by cutting loss-making short-haul routes and focusing on cheap transatlantic flights.
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In the latest blow to loss-making Pakistan International Airlines (PIA), the bourse placed the carrier on its "defaulters segment" list, citing failure to properly file accounts.
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Dubai's index rose 0.6 percent as loss-making theme park operator DXB Entertainments climbed 2.3 percent, pulling further away from a two-year low hit on Sunday.
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"Management is critically evaluating the real estate portfolio with a view to closing loss-making stores as leases come to an end," Truworths said, referring to Office.
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The still loss-making company is under increasing pressure, however, from Apple, which has the advantage of a huge customer base, especially in the lucrative U.S. market.
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The price is expected to grow sharply, as the buyer will also take on new shares issued by the loss-making carrier, plus a premium, analysts say.
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The aircraft to be leased were used on loss-making routes to cities such as Frankfort, Paris, and Rome, which SriLankan has decided to cancel, he said.
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Tiger Brands sold its 65.7 percent stake in its loss making Nigerian division for $1 to Dangote Industries Limited, having bought it for $200 million in 2012.
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Aetna said on Tuesday that it was considering reducing its exposure to the loss-making Obamacare individual business, in which it has a total of 255,000 customers.
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Alibaba doubled its investment in loss-making Lazada to $4 billion in April, underscoring its global ambition to secure a bigger share of the e-commerce market.
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Sibanye's drive was helped by the mothballing of its loss-making Cooke operation west of Johannesburg, which was the epicenter of illegal mining activity in its shafts.
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Co-founder Travis Kalanick stepped down as CEO of the loss-making ride-hailing company after a workplace culture investigation found more than 200 claims of misconduct.
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New paths to growth could be vital for the survival of loss-making Tunisair, the national flag carrier and one of the North African country's biggest employers.
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Before he was sacked in February, KW's CEO Krzysztof Sedzikowski was battling in Brussels for EU approval to use public money to keep open loss-making mines.
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The development comes a year after buyout firm Retail Acquisitions, a collection of little known investors, acquired the loss-making chain from billionaire Topshop owner Philip Green.
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The fund has already pumped 3.5 billion euros into the two loss-making banks, but they need more capital to cover losses from expected fresh loan writedowns.
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Baidu, known as China's Google, bought the majority stake in the then loss-making iQiyi in 2012, a push into the highly competitive Chinese digital media market.
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"Most cannabis companies trading at nosebleed valuations are loss-making start-ups that are still trying to build out their distribution infrastructure and compliance," its report said.
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Lufthansa is leasing 38 crewed planes from Air Berlin and rival Ryanair has described the move as a prelude to a takeover of the loss-making carrier.
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The loss-making plant, Europe's largest by output capacity, was sequestered by magistrates in 2012 on charges its owners caused environmental and health problems in the area.
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The loss-making carrier has been run by state-appointed administrators since May 2017 and is looking for new investors to buy it and restructure its business.
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This so-called "ring-fencing" of certain markets makes companies appear a safer bet because it strips out the parts of their business that are loss-making.
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Its Chief Executive Bill Hocking told reporters the restatement related to a "technical point" regarding how much revenue to recognise from a loss-making contract in Aberdeen.
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The loss-making carrier has been run by state-appointed administrators since May 2017 and was looking for new investors to buy it and restructure its business.
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The German group acquired large parts of Innogy, including the loss-making Npower brand in Britain, as part of a landmark asset swap with German peer RWE.
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Loss-making Alitalia has been run by special administrators since May 2017 and talks led by Ferrovie have been going on for a year without a deal.
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In addition to cutting loss-making business such as the United States, Just Group said it would focus more on cost control and using capital-efficient assets.
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Junior Civil Aviation Minister Jayant Sinha had said last month the government will continue to support the loss-making airline's financial requirements while it works on alternatives.
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Loss-making Stefanel is in talks with Oxy Capital and Attestor Capital over a deal that would hand the private equity funds majority ownership of the group.
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Son said WeWork would need to stop building new offices for about three to four years, as well as divest some of its loss-making side ventures.
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A group of officials, including India's home and finance ministers, is finalizing the process of inviting bids from the private sector for the loss-making national carrier.
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The aircraft to be leased were used on loss-making routes to cities such as Frankfurt, Paris, and Rome, which SriLankan has decided to cancel, he said.
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The former loss-making unit Tavares bought in 2017 from General Motors posted a 4.7 percent operating margin last year, confirming his reputation as a turnaround specialist.
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Loss-making home furnishings maker Al Sorayai Trading was the best performer, adding a further 10 percent after it jumped last week as its chief executive resigned.
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Loss-making Alitalia has been run by special administrators since May 2017 and talks led by Ferrovie have been going on for a year without a deal.
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But Finance Minister Tito Mboweni is yet to approve the proposal and has said the state cannot afford to continue "pouring money" into loss-making state firms.
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The decree also gave the green light for the government to potentially take an equity stake in any vehicle set up to rescue loss-making airline Alitalia.
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While it has scaled back its loss-making mobile business and suffered the financial impact of the Kumamoto earthquake on its manufacturing operations, the PlayStation business is booming.
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But with a speck of the glitter that Tesla's Elon Musk sprinkles on his loss-making firm, they might capture investors' imaginations and resuscitate their parents' share prices.
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Munich Re fell 2.5 percent, weighed down by some price target cuts today that followed yesterday's news of a deep restructuring at its loss making insurance business Ergo.
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Expectations of long-awaited consolidation in Europe's battered steel industry rose after Tata Steel said two weeks ago that it plans to sell its loss-making British business.
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Whether the investing public has an appetite for a shiny new loss-making tech behemoth amid escalating trade tensions between the U.S. and China remains to be seen.
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Rivals such as Kingfisher also struggled in the first half of the year, while Australia's Wesfarmers quit the UK market, selling its 255-store loss-making Homebase chain.
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Wesfarmers said it expects A$23 billion ($1 billion) in writedowns for the first half of 2018, mostly against its newly acquired and loss-making British hardware division.
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It is now redrawing the stake sale plans and as part of the effort it has hived off some of the loss-making airline's debt of $8.5 billion.
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SEOUL (Reuters) - South Korea's finance minister said on Monday that General Motors Korea' creditors and its labor union should share the burden of improving the loss-making operation.
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Family-controlled retailer Eram had said earlier this year that it had decided to sell its loss-making Agora Distribution unit, which owns the Tati brand amongst others.
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With Seat, a Spanish division, struggling and its own brand said to be loss-making in the region, VW could well do without the trouble of integrating Fiat.
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Loss-making Uljanik's problems are also a potential threat to state coffers as the government has extended guarantees worth several hundred million euros for loans to the shipbuilder.
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The group said it had closed its Bellevue Pharmacy unit, which produced non-sterile compounds, because it had become loss-making after a change in U.S. reimbursement rules.
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Critics argue that Crystal Ventures and Horizon both get cushy government deals which mask the failures of their enterprises, several of which are said to be loss-making.
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IPOs of Pinterest and other such loss-making unicorns -- startup companies with valuations of at least $1 billion -- have presented a predicament for investors sitting on the fence.
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Its marine engines business, which accounts for 8 percent of revenue, was still loss-making, and revenue in defense aerospace fell 4 percent, although lower overheads improved profit.
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The Italian post office, which is controlled by the state, is a conglomerate that combines insurance and financial divisions together with a loss-making mail and parcel unit.
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VIENNA, March 1 (Reuters) - Chinese financial investor Fosun agreed to take a majority stake in the loss-making luxury textiles maker Wolford, Austrian daily Kurier said on Thursday.
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South Korea's SK Group and Hanwha Group, named as potential buyers in South Korean media reports, have said they are not interested in buying the loss-making airline.
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He expressed disapproval of nakedly commercial works that "blindly chase…vulgar interests", an accusation that cannot be levelled at the loss-making documentaries that fill most festival schedules.
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Baidu, known as China's Google, bought the majority stake in the then loss-making iQiyi in 2012, in a push into the highly competitive Chinese digital media market.
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Shares in South African construction group Group Five surged 14.74 percent after the company said it would cut more jobs as it seeks to trim loss-making divisions.
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Engie's E&P business was loss-making in 2015 and 2016, hit hard by writedowns on the back of weak oil prices like its peers in the business.
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The neck-and-neck race extends a long-held rivalry between the two loss-making companies, which have battled each other for riders and drivers since their inception.
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Norwegian is pursuing a massive transatlantic expansion to replicate the low-cost model that worked for European flights in an effort to turn around its loss-making operation.
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BHS had significant net liabilities, had had to make provision for loss-making stores and had very significant deficits in its defined-benefit pension schemes, the FRC said.
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Loss-making Aston Martin, famous as the marque of choice for fictional British secret agent James Bond, is five percent owned by Mercedes — who provide Force India's engines.
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FRANKFURT (Reuters) - German start-up investor Rocket Internet is exploring a stock market listing of loss-making African online shopping platform Jumia, people close to the matter said.
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PSA Group, the parent firm of Peugeot and Citroën, which was loss-making and on the brink of bankruptcy two years ago, has made a surprisingly rapid recovery.
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In a statement, the rating agency said that the lower evaluation also reflected the weak asset quality and the loss-making business model of the Genoa-based bank.
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The deal opens the door to the loss-making unit finding more support from the Korea Development Bank and a fresh cash boost from the South Korean government.
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However, the firm's interim profits more than doubled on higher earnings from its underground mining activities and the sale of its loss-making Middle East business last year.
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The loss-making company also said it planned to achieve profitability on an adjusted basis and also to be net cash flow positive for the full year 2016.
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Nokia's profit growth is in stark contrast to loss-making Swedish rival Ericsson, which stunned investors this year by announcing $22014 billion in provisions, writedowns and restructuring costs.
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Analysts said they expected a period of market consolidation after this week's heavy declines, but another selloff is possible if investors are forced to sell loss-making contracts.
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"It's better to support workers than supporting loss-making firms," Li Yining, an economist at Peking University, said on the sidelines of the annual parliament meeting on Sunday.
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But while the loss-making firms are a drain on resources - about an eighth of the government's fiscal revenue last year - few fear Pakistan will slide into crisis.
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Ceconomy said earlier on Wednesday it had agreed to sell its loss-making Russian business to Safmar and take a 15 percent stake in M.video, confirming Reuters reports.
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" Mr. Solca added, "Getting rid of loss-making businesses is second best to turning them around, but better than keeping them in the group as a perpetual drag.
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Loss-making petrochemical producers such as National Industrialisation are not expected to pay dividends for 2015 or 2016, analysts at AlJazira Capital said; other firms may cut back.
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This reflected costs tied to the integration of the loss-making Dia discount stores and increased promotional activity at French hypermarkets amid cut-throat competition in the sector.
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The Dubai index gained 0.6 percent, although loss-making retail and restaurant investment firm Marka fell 2.9 percent after saying shareholders had approved a plan to continue operations.
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Peugeot bought General Motors' Opel unit, which trades as Vauxhall in Britain, in 2017, and has been restructuring operations to boost profitability at the once loss-making brands.
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While loss-making Sharp owns core technologies required to produce OLED, it has never commercially produced it, and there are risks that others may be faster and nimbler.
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He owned BHS for 15 years before he sold the loss-making retailer to Dominic Chappell, a serial bankrupt with no retail experience, for one pound in 2015.
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Options for France still ranged from turning some stores into franchises to moving others to lease management, closing loss-making stores as well as opening stores on Sundays.
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Danone said it expected sales growth to accelerate from the second quarter and that the sale of loss-making arm EarthBound Farm would help margins later this year.
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The proxy fight has been a major distraction for the loss-making airline as it struggles to survive the severe aviation industry downturn triggered by a coronavirus pandemic.
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The Chinese textile group Shandong Ruyi emerged a decade ago as the largest shareholder at Renown, a storied but loss-making collection of men's and women's clothing brands.
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As part of the deal, Uber would own 9.99% of Zomato and its Eats users would become part of the Indian company, the two loss-making firms said.
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In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 333% stake in the loss-making Indian food delivery startup.
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With a share of China's passenger car market of around 0.35%, FCA currently operates in the country through a loss-making joint venture with Guangzhou Automobile Group (GAC) .
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Over the past 10 years, excluding a loss-making 2009 in the wake of the financial crisis, it has averaged an annual operating margin of around 6 percent.
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OSLO, Nov 20 (Reuters) - Loss-making Norwegian Air has appointed a new chief executive to take charge of the budget carrier's ongoing restructuring, the board said on Wednesday.
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The previously loss-making Buenos Aires-New York JFK route was now profitable, she said, pointing to Aerolineas' SkyTeam alliance as crucial in bringing in more international passengers.
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It stopped operating in August 2015 after the government froze the bank accounts of its loss-making operator, Samir, seeking 13 billion dirham ($1.35 billion) in unpaid taxes.
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NAIROBI, Sept 24 (Reuters) - Kenya's loss-making Mumias Sugar Company has been placed under receivership to protect its assets and maintain its operations, KCB Group said on Tuesday.
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Ryanair added that it could not rule out further disruption, which may prompt another lowering of full-year forecasts and further cuts to its loss-making winter capacity.
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But builder Drake & Scull lost 1.2 percent after the loss-making company announced it had appointed PricewaterhouseCoopers to assist with "examining the company's capital structure and financial liabilities".
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Chinese Premier Li Keqiang said in mid-2015 the government would spend the next two years dealing ruthlessly with over-capacity, with loss-making companies going "under the knife".
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BERLIN, June 14 (Reuters) - The German government is examining a request for loan guarantees for loss-making Air Berlin, a spokeswoman for the German Economy Ministry said on Wednesday.
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DE) said on Sunday its 2017 bonus pool would be above 2 billion euros ($2.46 billion), as the loss-making bank seeks to retain staff during a major overhaul.
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Le Monde newspaper reported on Tuesday that France's PSA was looking to sell part of Opel's R&D operations to help to restore profitability to the loss-making unit.
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OSLO, Aug 6 (Reuters) - Norwegian Air posted a surprise increase on Monday of revenues per passenger for July amid efforts to turn around its loss-making operations this year.
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Analysts put a $10 price target on the stock, citing potential upside as the company downsizes its retail footprint and looks to exit from its loss-making European business.
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Earlier in his tenure, he oversaw the closure of Uchumi's loss-making Ugandan subsidiary, more than halved the workforce and announced plans for land sales to raise working capital.
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In January, Ford said that as part of a turnaround effort in Europe it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines.
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Schuler said he did not want to consolidate the sector, but grow with the "right acquisitions" and would not buy loss-making companies to increase its own market share.
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Greybull, which specialises in turning around distressed businesses, paid former owners Tata Steel a nominal one pound in 2016 for the loss-making company which they renamed British Steel.
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OSLO, April 24 (Reuters) - Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday.
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But as its two most troublesome loss-making projects near completion and New Zealand housing demand shows no signs of slowing down, some investors say the stock looks undervalued.
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Son, whose lucrative early investments include Alibaba, said then that he wanted to "cement SoftBank 13", turn around loss-making Sprint and "work on a few more crazy ideas".
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BRAZZAVILLE (Reuters) - Debt-crippled Congo Republic's government approved a plan on Friday to dissolve its loss-making power and water utilities and replace them with three public limited companies.
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Alibaba Group announced today that it will increase its stake in Alibaba Pictures from 49 percent to 50.92 percent, making it the loss-making movie production company's controlling shareholder.
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Commerzbank wanted reassurances Deutsche Bank was prepared to make deeper cuts at its loss-making U.S. business as a condition of proceeding with the merger talks, the sources said.
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China's second biggest steelmaker, the Baoshan Iron and Steel Group, was mulling a similar restructuring plan for its loss-making unit SGIS Songshan, but the plan has been shelved.
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The state provided funds for research, land for tracks, aid for loss-making railways, subsidies for equipment-makers and, most controversially, incentives for foreign companies to share commercial secrets.
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The scramble has also offered loss-making Canadian drillers a chance to continue pumping out product as domestic tanks continue to fill up and prices languish near record lows.
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Once a source of pride for Pakistan, flights of the loss-making carrier are now frequently cancelled and many of its aircraft have been cannibalised to keep others flying.
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India's government has not said whether it will sell or parts of Air India and what it might do about the loss-making airline's debt burden of $8.5 billion.
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All four of the firm's business units — home appliance and air, home entertainment, automotive, and that loss-making mobile division — posted annual revenue gains and post were significantly profitable.
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Greybull Capital, which specialises in trying to turn around distressed businesses, paid former British Steel owners Tata Steel a nominal one pound in 2016 for the loss-making company.
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The loss-making airline, which is 48.9% government-owned and 7.8% held by Air France-KLM, was privatised 23 years ago but sank into debt and losses in 2014.
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Vattenfall has claimed it would be one of the greenest utilities in Europe after selling its loss-making lignite coal mines and power plants in Germany earlier this year.
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The loss-making airline, which is 48.9% government-owned and 7.8% held by Air France-KLM, was privatized 23 years ago but sank into debt and losses in 2014.
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Over the following three weeks Yahya says he asked El-Ahmadey, who like other NRGbinary staff could not be reached for this story, to close the loss-making positions.
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While the loss-making firms are a drain on Pakistan's resources - around an eighth of the government's fiscal revenues last year - few fear Pakistan will slide into economic crisis.
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RLAM welcomed moves by loss-making Standard Chartered to simplify its compensation policy and cancel bonuses, after cancelling its dividend and conducting a $5.1 billion rights issue in 2015.
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Mansury attributed the narrowing of the first-half loss in part to flying its jets for more hours each day and cutting loss-making routes from 22 to 11.
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"And now it is strengthening in express delivery with Glovo, a business that has historically been highly loss-making and could straighten out," the analysts at Bryan Garnier said.
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But the business had been loss-making for seven years when it was sold and it has a deficit in its pension fund of more than 500 million pounds.
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The Communist Party's inspection committee found MobiFone, one of Vietnam's top three mobile carriers by subscription, overpaid for a 95 percent stake in a loss-making pay TV provider.
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In 2009, the British government stripped National Express of its key East Coast service, putting the loss-making London-Edinburgh route in state hands for the next five years.
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Shareholders in the loss-making firm, voting by show of hands, also approved a move to increase its nominal share capital to 10 billion shillings from 5 billion shillings.
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Fitch believes that the company will maintain disciplined investments into content production, while the deconsolidation of the loss-making Colombia telecom operation will also contribute positively to enhanced profitability.
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E.ON, Germany's biggest utility, posted its second consecutive record loss in as many years, blaming writedowns on loss-making power plants that will be listed separately later this year.
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Loss-making Sharp announced on Thursday it had decided to sell a two-thirds stake to Foxconn, formally known as Hon Hai Precision Industry and a major Apple supplier.
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The group's Chinese operations remained loss-making last year amid competition from local players and a buoyant online market but Carrefour said its general performance in China nevertheless improved.
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Among its key initiatives, Sony downsized its loss-making mobile division with layoffs and a more focused set of products, while the PS4 has been a huge financial success.
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The government has targeted selling some or all shares in 43 of its companies, most of them loss-making and which have relied on state bailouts over the years.
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Analysts had expected Veoneer to seek more cash after the loss-making firm pushed back 2020 sales and margin targets in October, partly blaming production delays at car manufacturers.
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Passenger traffic declined in October from a year ago, its monthly report showed, the first such fall on record as the carrier cut loss-making routes from its network.
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Sources said Japanese financial institutions, once strong backers of the airline, were not likely to participate due to curbs related to the carrier having been loss-making for years.
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It is still loss-making, however, and has been hit this year by fierce competition on routes to Spain as tourists avoided eastern Mediterranean destinations due to security fears.
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Shares in G4S fell more than 12 percent to seven-year lows in March when it took an extra 65 million pound charge on loss-making British government contracts.
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The regulator said some banks carry out loss-making transactions purely to move higher in the tables and "routinely present the tables to clients to inflate their own position".
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The FCC ratio was a modest 25% at end-24H25, relative to potentially high provisioning requirements on impaired and potentially problematic foreign currency loans and loss-making core performance.
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In Latin America, Brazil put in a strong performance in spite of difficult market conditions but China, which makes 5 percet of sales, was still a loss-making area.
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Sharp, a loss-making Japanese display maker, announced on Thursday it had decided to sell a two-thirds stake to Foxconn, in a deal worth an estimated $2112.8400 billion.
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This month, state-funded Korea Development Bank, GM Korea's second-biggest shareholder, began a due diligence review to decide whether to inject more capital into the loss-making business.
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Uchumi announced the closure of its loss-making Ugandan operation last year and it is in the process of selling some of its assets like land to boost capital.
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The Detroit carmaker had said that its loss-making South Korea unit was likely to file for bankruptcy protection if it failed to reach a restructuring agreement by Friday.
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It remained loss-making but narrowed losses from £19.4 million ($27.5 million) in 2015 to £15.3 million in 2016, according to accounts filed with U.K. business registrar Companies House.
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Analysts said they expected a period of market consolidation after this week's heavy declines, but another sell-off is possible if investors are forced to sell loss-making contracts.
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STAR Market, which allows pre-profit companies to list in China for the first time, gives venture capitalists a new way to exit investments in loss-making start-ups.
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SEOUL (Reuters) - South Korea this week began doing due diligence on GM Korea to decide whether to extend financial support to the loss-making operations of General Motors (GM.
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Wilhelm said there was also a risk of charges related to loss-making contracts on the A350 jetliner, but that these would not affect the aircraft's overall breakeven target.
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The company will continue to close loss-making retail stores and lower marketing and advertising expenditure in the year ahead, CEO Jose Manuel Martinez Gutierrez said in the statement.
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LAGOS (Reuters) - Shares of Lafarge Africa rose 9.95% to a three-week high on Thursday after the cement maker said it had sold its loss-making South African operations.
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A special situations fund managed by BlackRock had been planning to inject cash into loss-making Carige along with a solidarity fund owned by Italian banks and other investors.
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COSCOCS' sheer size works to its advantage as it allows it to better compete for market share than if it had remained two separate, loss-making companies, experts said.
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Finance and oil officials in Bogota would not have anticipated a 2800% fall in virtually the first two months of the year, potentially pushing Ecopetrol into loss-making territory.
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In January Ford announced a sweeping business review which included the prospect of plant closures and discontinuing loss-making vehicle lines to pursue a 6% operating margin in Europe.
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JOHANNESBURG, Aug 30 (Reuters) - South African diversified miner African Rainbow Minerals (ARM) said on Friday it would reduce production at its loss-making Nkomati mine in preparation for closure.
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Another part of East's simplification plan is the potential sale of the company's loss-making commercial marine business, which designs and makes equipment used in oil and gas extraction.
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The company, whose shares have lost nearly all their value this year, has been cutting jobs and closing loss-making divisions amid stagnant economic growth low public infrastructure spending.
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The investment will be a welcome boost for the cash-strapped and loss-making company which is among the dozens of Chinese electric carmakers vying to take on Tesla.
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The company, a loss-making Swedish start-up led by Daniel Ek, renegotiated the licensing agreements in the hope of cutting the amount of money it pays in royalties.
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The loss-making airline is on track to reach its target of cutting costs by 2 billion crowns this year, acting Chief Executive Geir Karlsen said in a statement.
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Container vessels are normally in service, depreciating, over 25 years but some owners have pulled ships only 15 years old because freight rates have been on loss-making levels.
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The government is expected to give its green light to an additional 300 million euro loan for loss-making airline Alitalia in coming days, several newspapers reported on Monday.
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KDB chairman Lee Dong-gull told reporters the view was based on due diligence done on the loss-making unit by Samil, the Korean affiliate of auditing firm PricewaterhouseCoopers.
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The Chamber of Mines said last month that as a result of the changes, more than 58 percent of Zambia's copper producers would be loss-making at current prices.
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Progress on selling the more than 3700 state-owned enterprises, most of which are loss making, has been slow since Ukraine overhauled its privatisation law nearly two years ago.
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It took decades of economic reforms and loss-making firms before it succeeded in what Xu termed a process of "quiet privatization" at the turn of the 21st century.
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BERLIN (Reuters) - German retailer Metro is considering effectively paying more than 1603 million euros ($225 million) to divest its loss-making Real hypermarkets, Handelsblatt business paper reported on Wednesday.
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Analysts blamed the 22017 percent slump on lingering questions about how loss-making Lyft will become profitable and the big pop in its highly anticipated first day of trading.
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Ozon, which plans to keep the growth of its merchandise value at 70-80% in 2019, is currently loss-making due to active investment in its growth, CEO said.
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The upshot is that investors in European IPOs appear more discerning than those who have piled into highly valued floats of loss-making U.S. companies, such as Beyond Meat.
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MILAN (Reuters) - Italy's transport minister said on Wednesday a new extension of a deadline to present a rescue plan for loss-making airline Alitalia would not be a problem.
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Italy's state-owned railway group Ferrovie dello Stato is spearheading an effort to set up a consortium of investors to buy loss-making Alitalia, which is managed by administrators.
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She moved faster than rivals in preparing for the future, he notes, by selling off GM's loss-making Opel division in Europe and pulling out of several unpromising emerging markets.
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The airline has been negotiating to buy a stake in Meridiana for more than year, a deal that could help the loss-making Italian carrier's ability to compete in Europe.
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Ukraine was UniCredit's only loss making country in the CEE region in 2014 and UniCredit CEO Federico Ghizzoni had committed to selling it as part of a series of disposals.
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Sarna inherited a loss-making hospitality business, and turned it around within two years, posting a profit of 2 billion Indian rupees ($31 million) in the financial year 2015-16.
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The Harare government has targeted selling some or all shares in 43 of its companies, most of which are loss-making and have relied on state bailouts over the years.
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FCA CEO Sergio Marchionne said that while he appreciated the rationale for shedding the long-time loss-making division, he criticized the basis on which the deal had been executed.
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GPA shares surged nearly 3% in Sao Paulo trading as investors cheered the move to finally unload the loss-making appliance unit, which it had struggled to sell since 2016.
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"In 2017, China will continue to split non-core business, force the bankruptcy of continuously loss-making subsidiaries and save some of them through debt-to-equity programmes," he said.
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In October, loss-making Swissco failed to pay interest on a S$100 million ($71 million) note due in 2018 while total debt stood at $255.7 million at end-September.
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India said on Wednesday it plans to spend nearly $6 billion to revive loss-making state-funded telecom operators Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL).
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In France, the sales slowdown reflected more favorable year-ago comparables, the closure of 282 loss-making convenience stores and the transfer of some Leaderprice stores to franchisees, Casino said.
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However, the company is still loss-making: sales last year (the most recent that are available) totalled €1.9 billion ($2 billion), but Spotify's operating loss was €184.5 million ($203 million).
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MADRID, May 277.5 (Reuters) - Russian tycoon Mikhail Fridman's investment fund LetterOne said on Friday it has won control of loss-making Spanish retailer DIA, after a drawn out takeover bid.
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"It's too early to say if in 2020 we've reached a new equilibrium or whether we're going to see an additional level of scrutiny" of loss-making companies, Hendershott said.
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Lebanon's main expenses are a bloated public sector, interest payments on public debt and transfers to the loss-making power generator, for which a reform plan was approved in April.
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It plans to privatise much or all of the loss-making national carrier, Air India, and has also pushed through an ambitious scheme to encourage the use of smaller airports.
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Alitalia is preparing for special administration proceedings after workers rejected its latest rescue plan, making it impossible for the loss-making airline to secure funds to keep its aircraft flying.
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The French retailer had said in March that it was conducting a review of its loss-making markets, such as Italy and Vietnam where it has faced tough market conditions.
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The firm said recent falls in oil prices would allow loss-making rivals to survive longer, maintaining excess capacity in Europe as others like Ryanair add more and more planes.
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India's JSW Steel has joined one of two investor groups vying to take over Italy's loss-making Ilva steel plant, a source with knowledge of the matter said on Monday.
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Among mid-caps, furniture retailer Dunelm Group reported flat annual profits after taking an 8.9 million pound charge in its efforts to complete integration of loss-making internet business Worldstores.
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The deal allows Ceconomy to unload its loss-making Russian business, take a share in the market leader, and avoid the cost of a full exit from the Russian market.
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Throwing the loss-making program a lifeline for a decade, Emirates recently ordered up to 36 more A380s and set out plans on Tuesday to install 56 Premium Economy seats.
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In January Ford announced a sweeping business review which included the prospect of plant closures and discontinuing loss-making vehicle lines to pursue a 6 percent operating margin in Europe.
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Loss-making state enterprises drain about $5 billion from state coffers every year, around an eighth of the government's fiscal revenues of about four trillion rupees ($38.2 billion) last year.
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Aston Martin plans to float on the London Stock Exchange, completing a turnaround for the once perennially loss-making company that could now be valued at up to $6.4 billion.
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It has got rid of unprofitable businesses around the world, a process that culminated in a decision last March to sell Opel, its loss-making European carmaker, to France's PSA.
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OSLO, Feb 19 (Reuters) - Norwegian Air's shareholders endorsed on Tuesday the loss-making airline's plan for a deeply discounted cash call to help fill its coffers, Chairman Bjoern Kise said.
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This is part of a turnaround plan announced by the carmaker in January that would involve thousands of job cuts, looking at plant closures and discontinuing loss-making vehicle lines.
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Loss-making TAQA, 75 percent owned by the government of Abu Dhabi, has been scaling back investments overseas and cutting costs to cope with the slump in crude oil prices.
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Local sugar prices have jumped 20 percent in a month amid government measures to help loss-making mills and millions of cane growers who make up a key voting bloc.
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SocGen has reduced costs, altered strategy to focus on rouble deposits and cut euro funding to its Russian unit as part of a plan to overhaul the loss-making business.
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DUESSELDORF, March 8 (Reuters) - German wholesaler Metro is aiming to sign a deal to sell its loss-making Real hypermarkets chain in April or May, Chief Executive Olaf Koch said.
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On January 5th, the loss-making flag-carrier announced that passengers on its flights from Kuala Lumpur to Europe would not be able to bring any checked baggage with them.
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In May, the loss-making company also announced that it would be reducing headcount by 10%, or 180 people, as part of a restructuring and effort to move into profitability.
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Loss-making Norwegian is in the midst of a massive transatlantic expansion aimed at turning around the company's fortunes by replicating the low-cost model that worked for European flights.
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Green owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound in 13.
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Now that Tata Steel's loss-making British operations are up for sale, the chances are that the company's pension fund will end up in the PPF's clutches before too long.
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THE takeover bid by Hon Hai of Taiwan for Sharp, a chronically loss-making Japanese electronics firm, is being watched closely as a test of Japan's openness to foreign investment.
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Banking group Standard Chartered surged over 11 percent after its profit rebounded in the first quarter, as reduced loan losses offered signs of a turnaround following a loss-making 2015.
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FRANKFURT (Reuters) - Some of Europe's most profitable lenders pay their chief executives the least, data from shareholder advisory group ISS shows, while loss-making banks reward their bosses more lavishly.
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GABORONE, May 29 (Reuters) - Botswana's largest tourism company, Wilderness Safaris , plans to make a bid for Air Botswana, the country's loss-making national airline which the government wants to privatise.
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Backed by Jack Ma-controlled Ant Financial, the loss-making startup is now leasing in 13 Chinese cities, aggressively growing the number of apartments it operated to 406,746 since 2015.
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Uber made its market debut at $45 per share in May, but has since lost more than 40% in value as the loss-making company struggled to retain investor confidence.
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On Thursday, a senior government official said that government will allocate 100 billion yuan ($15 billion) over two years to relocate workers sidelined by planned closures at loss-making factories.
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DUBAI (Reuters) - Bahrain's Gulf Air is counting on Middle East routes to help drive passenger growth and turn around the loss-making airline, its deputy chief executive said on Sunday.
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The government has struggled to restructure loss-making companies, which cost it an estimated $5 billion a year, and which include power distribution companies and steel giant Pakistan Steel Mills.
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A year ago, Baytex starting shutting 7,500 barrels per day of low-margin and loss-making conventional heavy oil production in the Peace River and Lloydminster regions in western Canada.
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And the cherry on top is investors pouring money into enterprises that aren't even speculative, but are purely loss-making, because they find a destructive personality like Adam Neumann compelling.
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The fate of the Port Talbot plant has been up in the air since Tata Steel said in March it planned to sell all of its loss-making British assets.
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Scoffern said pay packets were reduced by up to A$40,000 ($29,000) a year after workers were returned to industry minimums when pay negotiations stalled at the loss-making mine.
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Hiesinger has staked his reputation on transforming Thyssenkrupp from a loss-making steelmaker into a diversified industrials group, with steel now contributing just under a quarter of the firm's revenues.
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Its shares opened down 5 percent but swung back to end up 6.4 percent as investors welcomed its new strategy including closures of loss-making stores in Britain and Germany.
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Earlier this month state owned utility company, Adewa, increased its stake in loss-making TAQA, days after it granted the energy company land valued at 18.7 billion dirhams ($5.1 billion).
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For Yuan Guowei, founder and CEO of big data startup Shanghai HyperS Data Technology Inc, being able to list while still loss-making is an opportunity not to be missed.
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Mr. Ncube also proposed reducing the number of civil servants and privatization of loss-making parastatals, which reminded many Zimbabweans of the disastrous economic structural adjustment program of the 1990s.
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"This virus will expedite the thesis of consolidation, possibly to extreme levels," Citi analyst Mark Manduca said, adding that 21% of Europe's short-haul market was loss-making in 20.8754.
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The bank said on Sunday its 2017 bonus pool would be above 2 billion euros ($280 billion), as the loss-making bank seeks to retain staff during a major overhaul.
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The loss-making South African Airways, its low-cost arm Mango and SAA Express, which services smaller towns, are struggling to remain profitable amid increased competition and rising operational costs.
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The new V40 smartphone is expected to "boost sales in the fourth quarter" and help the loss-making mobile business as it seeks to return to profit, LG Electronics said.
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GABORONE, March 9 (Reuters) - At least 17 companies have expressed an interest in operating Air Botswana as the government embarks on its latest drive to privatise loss-making state companies.
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India's government has not said whether it will sell all or parts of Air India and what it might do about the loss-making airline's debt burden of $8.5 billion.
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Billionaire Green sold the loss-making department store chain last year to Dominic Chappell, a serial bankrupt with no retail experience, for one pound ($1.2) with a pension fund deficit.
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Last month, however, it said interim profits more than doubled on higher earnings from its underground mining activities and the sale of its loss-making Middle East business last year.
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The loss-making U.S. biotechnology company's most advanced compound is GBT440, a once-daily pill for sickle cell disease that has moved to Phase II clinical testing on some indications.
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But its investment model has come under increasing scrutiny over its large and sometimes quixotic bets on loss-making companies like Uber and the on-demand dog walking company Wag.
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Mr. Köhler told an audience of industry leaders and European Union officials and ministers that it was impossible to compete with China when Beijing intervened to prop up loss-making plants.
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It also managed to cross the threshold with the help of an unspecified number of ex-Bombardier jets belonging to a loss-making Canadian jet program it acquired in mid-2018.
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Greybull, which specialises in trying to turn around distressed businesses, paid former owners Tata Steel a nominal one pound in 247.5 for the loss-making company which they renamed British Steel.
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Greybull, which specializes in trying to turn around distressed businesses, paid former owners Tata Steel a nominal one pound in 2270 for the loss-making company which they renamed British Steel.
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TOKYO (Reuters) - Japan's Sharp Corp on Tuesday forecast its first annual operating profit in three years after it cut jobs and withdrew from its loss-making television business in North America.
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Mines minister Gwede Mantashe lashed out on Thursday at Gold Fields' plans to cut 1,100 permanent jobs at its loss-making South Deep mine, blaming the operation's performance on poor management.
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Challenges for the new team include cutting costs, managing a mixed fleet, coping with loss-making subsidiaries as well as healing long-time rifts between government-appointed management and airline veterans.
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Peugeot parent company PSA bought Opel and Vauxhall last year when it acquired General Motors' loss-making European arm and has been pursuing a restructuring plan to return it to profitability.
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Billionaire Green owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound in 2015.
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It operates in 26 countries with 771 stores and 150,000 employees, and it is trying to offload its loss-making German hypermarkets chain Real, as well as its operations in China.
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Among mid-caps, furniture retailer Dunelm Group reported flat annual profits after taking an 8.9 million pound charge in its efforts to complete the integration of loss-making internet business Worldstores.
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At present, only loss-making national carrier Pakistan International Airlines (PIA) flies directly from Pakistan to Britain, but its aging fleet of planes is a frequent source of complaints by passengers.
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It still operates in 26 countries with 771 stores and 150,000 employees, but it is trying to offload its loss-making Real hypermarkets chain, as well as its operations in China.
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The constituents of the S&P 500 index paid in total a cash tax rate of 23% in the last reported year, based on Bloomberg data (and excluding loss-making firms).
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While suitors were keen on acquiring the property with a view to letting the real estate to new tenants, interest in taking on the loss-making operating company has been scant.
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U.S. regulators have sought explanation from Deutsche Bank about its "bad bank" proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday.
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At present, only loss-making national carrier Pakistan International Airlines (PIA) flies directly from Pakistan to Britain, but its ageing fleet of planes is a frequent source of complaints by passengers.
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Constellation invested more than $4 billion in the loss-making Canopy for a nearly 56% stake in the marijuana producer, banking on the proposed legalization of recreational weed in several countries.
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In November, PSA Group Chief Executive Carlos Tavares said pledges to avoid forced layoffs at Opel will depend on the success of the planned restructuring of the loss-making German division.
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Profit for the year to March 2020, which for the first time will include its recently acquired its loss-making Laudamotion unit, will be between 183 million and 950 million euros.
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Detailing the company's ongoing plans to strip or consolidate loss-making ventures and refocus resources, the management said in an earnings call on Friday that it will focus on artificial intelligence.
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It operates in 26 countries with 771 stores and 150,000 employees, and it is trying to offload its loss-making German hypermarkets chain Real, as well as its operations in China.
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PARIS (Reuters) - Commodities house Louis Dreyfus Company (LDC) announced a new chairman on Tuesday for its loss-making Brazilian sugar subsidiary Biosev, which has triggered other management changes at the group.
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PARIS (Reuters) - French supermarket group Auchan Retail has agreed to sell almost all the activities of its loss-making Auchan Retail Italia arm to Conad, the Italian co-operative retail group.
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The banking group Standard Chartered surged over 9 percent after its profit rebounded in the first quarter, as reduced loan losses offered signs of a turnaround following a loss-making 2015.
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When the Korea Zinc Company sent Yun Choi to run its loss-making refinery in Townsville five years ago, he says, "the thought of shutting it down was on everybody's mind".
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Greybull, which specialises in trying to turn around distressed businesses, paid former owners Tata Steel a nominal one pound in 2016 for the loss-making company which they renamed British Steel.
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"Many of the (businesses) are loss making at the moment but we believe they can be turned around," Gupta, who has bought other distressed steel assets in Britain, told BBC Radio.
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In a presentation to the unions on Wednesday, the companies said 13 percent of gold mines in South Africa, once the world's top gold producer, are currently loss-making or marginal.
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Last month Sports Direct entered the U.S. market by buying two loss-making chains for $101 million, drawing criticism from analysts who said the firm should keep its focus at home.
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WeWork's higher valuation is based on a further investment by SoftBank Group, which has injected more than $10 billion into the loss-making office-sharing firm now valued at $47 billion.
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At present, only loss-making national carrier Pakistan International Airlines (PIA) flies directly from Pakistan to Britain, but its aging fleet of planes is a frequent source of complaints by passengers.
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The company and its union failed to reach a wage deal by Friday, breaching a deadline previously set by the U.S. automaker to seek bankruptcy protection for the loss-making unit.
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A Norwegian Air subsidiary has agreed with Airbus to postpone plane deliveries scheduled for this year and next, cutting its capital spending by $570 million, the loss-making budget carrier said.
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"We believe this lower fare environment will continue to shake out more loss making competitors, with WOW, Flybe, and reportedly Germania for example, all currently for sale," CEO Michael O'Leary said.
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In recent years, the country has introduced tax reforms, financial discipline in government institutions, reforms of loss-making state-owned enterprises, and adopted a fuel price formula that is adjusted monthly.
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The privatization of loss-making entities that were draining the exchequer was a key priority for the Pakistan Muslim League-Nawaz (PML-N) party when it swept to power in 2013.
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FRANKFURT (Reuters) - Loss-making German meal-kit-delivery group HelloFresh is offering shares worth up to 357 million euros ($421 million) in its stock market flotation, the company said on Sunday.
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Last year he accused the head of the financial sector supervising authority KNF, Marek Chrzanowski, of seeking a multi-million dollar payment in return for support for loss-making Getin Noble.
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OSLO, March 25 (Reuters) - Norwegian Air aims to turn profitable this year, its chief executive said on Monday, reiterating plans to turn around the situation at the loss-making budget airline.
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Though the design of Bang & Olufsen's high-end televisions are highly regarded, there has been criticism that the loss-making company's technology has failed to keep pace with that of rivals.
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MAPUTO, July 26 (Reuters) - Mozambique will merge two state-owned telecommunications companies in a restructuring aimed at returning the loss-making firms to profitability, a senior government official said on Tuesday.
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The IMF mission also said it supported government efforts to privatize state-owned Komercijalna Banka bank, as well as its bid to dispose of the loss-making HIP Petrohemija chemical plant.
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PIA, a loss-making state carrier, has been defending the ATR plane's safety record and vehemently denied media reports that there was a fault with the aircraft before the take off.
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The company said that while the majority its stores would continue to trade as normal, it expected a small number of loss-making outlets would close as part of the process.
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Yatseniuk's government has struggled to tackle bribe-taking in the judiciary, to sell off loss-making state companies and to pass a law giving more autonomy to the eastern Donbass region.
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The loss-making club is second only to Real Madrid in the list of winners of Europe's top club competition, but it has failed to win any major silverware since 2011.
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Muberra Eresin, head of the Hotel Association of Turkey, said the fact that the levy would be calculated from total revenues meant even loss-making businesses would be forced to pay.
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Motor third-party liability (MTPL) claims reserves account for about 21211% of the non-life sector total and the segment has been loss-making for each of the last ten years.
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MELBOURNE (Reuters) - Australia's stock exchange took on Friday the rare step of rejecting an initial public offering, telling loss-making music streaming company Guvera Ltd it would not accept its shares.
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A tax on turnover could hit loss-making companies, which usually are exempted from taxes, and may reduce the appetite for investment, the Estonian undersecretary for tax, Dmitri Jegorov, told Reuters.
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Green, 64, owned BHS for 15 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound last year.
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The $3.4-billion listing last Thursday was the hottest technology offering in three years, but the loss-making company's lofty valuation and slowing user growth have raised eyebrows on Wall Street.
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There is also a proposal to include flood insurance in every standard homeowner's insurance policy to protect private carriers from adverse selection, or a risk pool skewed toward loss-making clients.
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He said Vitol expected U.S. output to climb by 20133-0.6 million barrels per day (bpd) next year but the increase would cause cost inflation and make some production loss-making.
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Loss-making Spotify, which has prioritized rapid growth over profit and whose closest rival is Apple's Apple Music, launched in 2008 and had 71 million subscribers at the end of 2017.
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In an attempt to soothe those fears, Fox promised to establish an independent editorial board for Sky News and to carry on investing in the loss-making service for five years.
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WARSAW/KATOWICE (Reuters) - State-run Polish utility Tauron may sell some of its loss-making coal mines to try to improve its financial situation, three sources familiar with the matter said.
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Bitmain has diversified into non-mining services, to its credit, but its efforts to grow Bitcoin Cash — a controversial fork of Bitcoin — have been controversial and likely loss-making, to boot.
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GM's planned revamp of its loss-making South Korea operations is the latest in a series of steps by the automaker to put profitability and innovation ahead of sales and volume.
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In addition, policies on debt restructuring and bankruptcy would be improved, with the government, firms and banks sharing losses from the bankruptcies of debt-ridden, loss-making "zombie enterprises", Xinhua said.
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Mistry, in a letter to the board of Tata Sons on Tuesday, criticized the group's foreign acquisitions, saying the investments in loss-making businesses could lead to writedowns of $18 billion.
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The airline, which has been loss-making for years, is to operate flights to just 13 of its 49 destinations from Wednesday until the end of the month, a spokesman said.
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FRANKFURT (Reuters) - Germany's top financial regulator warned of the dangers posed to banks by cheap money and urged them to "get real" in overhauling their businesses and axing loss-making operations.
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An index tracking so-called "Special Treatment", or ST, stocks - loss-making companies that involve high risks or are candidates for possible delisting - has surged over 30 percent since Oct 19.
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In December the Rome government set a May 31 deadline to complete the sale of the loss-making airline,, with potential investors asked to submit expressions of interest by March 18.
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In the 2019 financial year, it also spent A$40.4 million on checking documentation for inadequate and inappropriate advice as well as A$12.1 million on remediation for loss-making products.
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That bigger picture remains the same, one of government subsidy to loss-making aluminum smelters and a trade policy that actively stimulates exports of semi-manufactured products through a VAT refund.
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The four banks are loss making and, according to sources, need to write down their problem loans further, despite spinning off the worst portion of the loan book in the rescue.
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So they introduced a system of franchises, in which companies could bid for the right to operate specified services, to ensure continuity and allow for the subsidising of loss-making services.
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For more on the company, click on The loss-making mining technology company changed its chief executive in a bid to turn around its business hard hit by the mining slump.
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Present in 12 African countries, Massmart also booked impairment charges of 169.5 million rand as a result of a review of loss-making stores and non-current assets held for sale.
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The company said in January that it could sell the loss-making commercial marine unit, a part of its business which designs and makes equipment used in oil and gas extraction.
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When asked about his plans for Carrefour in France, Bompard said he did not rule out options such as turning some stores into franchises or closing loss-making stores, Enguelz said.
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Vivendi and Mediaset have been at odds since the French conglomerate in 2016 pulled out of an 800 million euro ($885 million) agreement to buy Mediaset's loss-making pay-TV unit.
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That bigger picture remains the same, one of government subsidy to loss-making aluminium smelters and a trade policy that actively stimulates exports of semi-manufactured products through a VAT refund.
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The carrier is in the middle of a turnaround strategy led by Gordhan that will include appointing a new board and chief executive and cutting costs and cancelling loss-making routes.
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Botswana, whose main source of wealth is diamonds, has more than 30 state-owned enterprises, most of them loss making, in industries ranging from tourism and power to housing and finance.
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Vivendi and Mediaset have been at odds since the French conglomerate pulled out of an 800 million euro ($882 million) agreement in 2016 to buy Mediaset's loss-making pay-TV unit.
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Vivendi and Mediaset have been at odds since the French conglomerate pulled out of an 800 million euro ($882 million) agreement in 2016 to buy Mediaset's loss-making pay-TV unit.
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The loss-making company and its larger rival Uber Technologies Inc have over the years relied on heavy subsidies to attract riders, and are also spending to expand into other areas.
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Greybull, which specializes in trying to turn around distressed businesses, paid former owners Tata Steel a nominal one pound in 2016 for the loss-making company which they renamed British Steel.
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How do traditional real-estate companies know how much office space the market demands, when WeWork can distort this market -- and drive up demand -- by throwing money at loss-making leases?
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NAIROBI, June 10 (Reuters) - Kenya Airways plans to double its fleet over the next five years, its chairman said on Monday, as the loss-making carrier combats regional rivals like Ethiopian.
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BELGRADE, Sept 13 (Reuters) - A tender for a 25 percent stake in Serbia's loss-making, state-owned pharmaceutical company Galenika has attracted only one valid bid, the Economy Ministry said on Thursday.
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Loss-making Arabtec has been struggling for more than two years in a depressed Gulf market for infrastructure projects, its problems exacerbated by internal strife among shareholders and several senior management changes.
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Prime Minister Narendra Modi's cabinet gave the go-ahead last year to sell the loss-making flagship airline, after successive governments spent billions of dollars in recent years to keep it solvent.
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The government took over administration of the loss-making Ilva last year to try to save some 16,000 jobs and clean up its polluting factories in the southern Italian city of Taranto.
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Italy's government is set to again extend a deadline for the rescue of the loss-making carrier after failing to secure enough investors' backing, three sources with knowledge of the matter said.
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Italy took over the loss-making Ilva plant, Europe's largest by capacity, in 2015 to save thousands of jobs and clean up the polluted site in the southern Italian city of Taranto.
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"For Bombardier, the FV Dosto (double-decker) trains are meanwhile a loss-making business deal," Swiss Federal Railways (SBB) Chief Executive Andreas Meyer told the Neue Zuercher Zeitung (NZZ) in an interview.
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Loss-making HelloFresh needs fresh capital to keep growing, but shareholder Rocket Internet is flush with cash after selling shares in Germany's Delivery Hero and it stake in e-commerce group Lazada.
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President John Magufuli has personally taken charge of the revival of loss-making state carrier Air Tanzania Company Limited (ATCL), spending hundreds of millions of dollars purchasing eight new planes since 2016.
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For Here — which at its lowest point was a loss-making business that cost $1 billion a year for Nokia to run — this will give it another route to revenues and profit.
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The firms say that the Saudi investments provide a "vital and necessary lifeline" to keep afloat the loss-making Standard, which is edited by George Osborne, a former chancellor of the exchequer.
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Mediaset failed to sell its pay-TV business to France's Vivendi last year, dragging the company into the red and prompting its management to rethink its strategy for the loss-making channel.
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Others resort to "ghost" flights: the loss-making flying of empty or near-empty aircraft in and out of major airports, for the sole purpose of holding on to precious slots there.
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On Friday the government also passed an emergency decree to add a further 300 million euros to the loan of 600 million euros it made to the loss-making carrier in May.
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"Dropbox is still loss-making and its revenue is not enough to justify a market value of $22.3 billion," said Phil Davis, chief executive of Phil's Stock World, an investment advisory service.
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DE) said on Tuesday it expects to strike a deal shortly to sell its loss-making Russian business to Russia's Safmar group, and take a 218 percent stake in Safmar's M.video (MVID.MM).
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Billionaire Green, 64, owned BHS for 20003 years before he sold the loss-making 180-store chain to Dominic Chappell, a serial bankrupt with no retail experience, for one pound last year.
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AmCham EU said a turnover tax, as proposed by France and backed by other large EU countries, would reduce investment, hit jobs and penalize start-ups, low-margin and loss-making companies.
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The company said it hoped the merger of Idea Cellular Ltd , the loss-making Indian firm in which Axiata has as a stake, and Vodafone India Ltd would be completed in 2018.
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It reported a 91% fall in net profit to $64 million hurt by an earlier flagged $455 million hit from handing over its loss-making solar inverters business to Italy's FIMER SpA.
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Uber, which is also loss-making and whose investment bankers have said could be valued at as much as $120 billion, is planning to launch its IPO in April, sources have said.
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"While many structural benchmarks have been met, measures pertaining to the energy sector reform and restructuring of loss-making public enterprises are yet to be implemented," the IMF said in a statement.
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The loss-making firm has been expanding at breakneck speed with over 2,000 cafes opened and plans to open 2,500 this year - displacing Starbucks as China's largest coffee chain in the process.
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In a speech to a mining conference in Australia, Roger Baxter painted a bleak picture of the industry, saying two thirds of South Africa's platinum sector had been loss-making this year.
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The group's Chinese operations slightly remained loss-making last year amid fierce competition from local players and a buoyant online market but Carrefour said its general performance was nevertheless improving in China.
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The government took over administration of the loss-making business last year to try to save some 16,000 jobs and clean up its polluting factories in the southern Italian city of Taranto.
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PARIS, Nov 25 (Reuters) - EuropaCorp, the loss-making film production company founded by French director Luc Besson, said it was considering "different options" to raise cash, reduce its debt and cut costs.
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SCUNTHORPE, England (Reuters) - British Steel has returned to profit in its first 100 days of trading after being spun off as a loss-making division in April by India's Tata Steel (TISC.
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Alireza, a former Goldman Sachs banker, was speaking soon after Noble's shareholders approved the sale of its remaining 49 percent stake in its loss-making agribusiness to China's COFCO for $750 million.
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On November 6th SoftBank, an enormous Japanese telecoms and technology conglomerate, announced a $6bn quarterly loss, largely reflecting a write-down of its stake in WeWork, a loss-making office-rental firm.
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The best solution is probably one that incentivizes the closure of loss-making steel mills and smelters by providing alternative, service-based industries as replacements for labor, coupled with measured debt relief.
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Loss-making companies like Uber and Lyft, by contrast, will ultimately fail if they can't persuade investors to keep funding their losses while they attempt to find that elusive path to profitability.
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As part of the drive to tackle overcapacity in the industrial sector, he said banks should focus on the issue of loss-making "zombie" companies, propped up by subsidies and preferential loans.
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The company is exploring "all strategic options" for the loss-making program including a potential sale, but its immediate focus is to win orders and cut costs, CEO Alain Bellemare told Reuters.
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Released in September, the National Academies' report on vision loss, "Making Eye Health a Population Health Imperative: Vision for Tomorrow" lays out a great roadmap for addressing correctable and avoidable vision impairment.
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Loss-making Feicheng Mining Group struck the deal last December with 220 banks, led by Agricultural Bank of China Ltd (AgBank), which agreed to extend the group's loans at concessionary interest rates.
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The best solution is probably one that incentivises the closure of loss-making steel mills and smelters by providing alternative, service-based industries as replacements for labour, coupled with measured debt relief.
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Green owned BHS for 15 years before he sold the loss-making 180-outlet chain to Dominic Chappell, a serial bankrupt with no retail experience, for just one pound ($1.22) last year.
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That would be quite a comeback from two years ago, when the hedge fund HC2 Holdings Inc offered to buy the loss-making Andersons for $1.15 billion - an overture that was rejected.
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However, perhaps more noteworthy — within the context of a plethora of loss-making fintechs — is that the personnel changes coincide with the company announcing that it reached profitability during Q2 this year.
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Fixing loss-making state firms such as Eskom and SAA is seen as vital to drawing in the investors that South Africa needs to finance its big budget and current account deficits.
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