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Lawsuits hit General Motors profits

2015-10-21 16:08:19| BBC News | Business | UK Edition

General Motors reports a fall in three-month profits as a result of ignition-switch settlement payouts.

Intel profits hit by slowing demand

2015-10-14 03:20:24| BBC News | Business | UK Edition

The world's biggest chipmaker, Intel, has reported a 6% fall in net income for the three months to September and cut its fourth quarter outlook for its important server-chip business.

Tags: hit demand intel profits

Ladbrokes profits hit by writedowns

2015-08-11 11:54:17| BBC News | Business | UK Edition

Bookmaker Ladbrokes says it has made a loss of 37.2m after shop closures and a writedown on remaining shops and software.

Tags: hit profits ladbrokes writedowns

Statoil Q2 profits hit by lower oil prices, higher costs

2015-07-28 10:27:19| Oil & Gas - Topix.net

Norwegian energy company Statoil says it was hit by lower oil prices, increased depreciation and higher drilling costs in the second quarter, causing net profit to fall 16 percent to 10.1 billion kroner . CEO Eldar Saetre said Tuesday that the company "delivered encouraging operational performance with good production growth and high regularity" in the quarter, adding that it will continue to cut costs as part of an efficiency program that was "on track."

Tags: prices lower hit costs