Harrods owner cuts losses
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Department store group House of Fraser was today poised for a Â£25m (â¬36m) boost from a partnership with Barclaycard to run its store card scheme.
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Internet gaming company Sportingbet reports a first quarter loss of Â£241.4m, after selling its US business for Â£1.
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Berkshire Hathaway, the company run by billionaire investor Warren Buffett, reports a drop in quarterly profits after hurricanes cost it $816m (Â£439m).
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Northern Rock, the mortgage lender saved from collapse by the Bank of England, took a step toward repaying the loans by selling a 2.2 billion pound portfolio to JP Morgan.
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Reuters has acquired a data company in a Â£97m deal just days after announcing 100 job losses from its news bureaux. The financial information group has paid $100m - Â£55m - in cash for the loss-making market
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The companyâs second-quarter profit rose 37 percent after factoring in losses from assets it sold, but on a continuing basis results fell on buyout costs at its newspapers.
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Hastings, a multimedia retailer, trims losses and raises full-year guidance.
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NYSE Group Inc. , owner of the New York Stock Exchange, posted a fourth-quarter profit on Friday compared with a loss a year earlier, when results were hit by one-time expenses related to the acquisition of electronic trader Archipelago.
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Music and books retailer HMV says internet sales and price cutting have helped the firm's performance.
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.
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US banking giant Citigroup reports a $9.83bn (Â£5bn) net loss, blaming its exposure to bad mortgage debt.
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The company said its quarterly loss ballooned to $302.6 million as it struggled with its mortgage lending arm and said it is trying to renegotiate the sale of the unit.
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Ailing retailer WH Smith today unveiled annual losses of Â£135 million following an âunacceptable performanceâ by its high street business.
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The global food retailer Ahold NV, which owns the Stop &amp; Shop and Giant supermarket chains in the United States, reported a wider loss Wednesday for the third quarter mainly because of one-time charges.
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THE Kerry Packer-backed Challenger Financial Services Group handed down a $235 million full-year loss yesterday as Mike Tilley adopted the tried and tested strategy for incoming chief executives of cleaning up the books.
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Employees of car insurers Admiral are set to receive an average windfall of around Â£37,000 as the firms sells off a 10% stake.
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The struggling supermarket chain J Sainsbury today reported the first loss in its 135-year history. Sainsbury&#39;s, weighed down by the costs of overhauling its business, made a loss of Â£39m for the six months