Performance & Profits - Profits |
| | | Date | Headline | Summary | Organisation | Turnover | Profit | Employees | Locations |
|---|
| | 18 May 2012 | £61m disposal of VT Services - increase in profits and revenue | Babcock International has sold US defence business VT Services for £61m to VT Holdings Inc. VT Service was acquired as part of the takeover of VT Group in 2010 and does not fit with Babcocks strategy. Babcock recorded revenue of £3.1bn in 2011, compared with £2.7bn in 2010, while pre-tax profit increased from £216.7m to £274.1m. | | £2,756m | £158m | 27,588 | 1 |
| | 17 May 2012 | £516,000 loss recorded - acquisition - £10m fundraising | Cheshire-based Sterling Green Group recorded a loss after taxation for the year to March 2012 of £516,000, compared with £1.9m in 2011. The figure includes costs and losses of £344,000 relating to the disposal of its trading subsidiaries in December 2011. It is acquiring another company and is raising £10m through a share placing. | | £3m | £-0.2m | 53 | 2 |
| | 16 May 2012 | £3.56bn loss - restructuring strategy - 10,000 job losses | Japanese electronics company Sony recorded a loss of £3.56bn for the year to March 2012, its fourth consecutive year of losses. It is to undergo a £620m restructuring programme to help it return to profit. The company is cutting 10,000 jobs. Sales for the year fell 9.6% to £50bn. | | £5,705m | £-202.7m | 2,131 | 33 |
| | 17 May 2012 | To consider 10.7bn dollar Coty - business review - profits fall | US-based Avon Products is considering a 10.7bn dollar takeover bid from Coty after failing to respond to an earlier bid of 10bn dollars. The deadline to respond to the latest bid was 14 May 2012 but Avon is seeking additional time. Avon recorded weak first-quarter results, including a fall in profits and is planning a business review. | | £329m | £4m | 1,774 | 14 |
| | 16 May 2012 | Sales rise 8 per cent at retailer - Profit to reach £65m | Electrical goods retailer DSG Retail Ltd, based in Hertfordshire, have recorded an 8 per cent rise in like-for-like sales in the UK and Ireland in the 16 weeks to April 2012. Full year underlying profits are expected to be approximately between £65 million and £70m. Sebastian James is Chief Executive of DSG Retail Ltd. | | £3,858m | £2m | 22,452 | 1 |
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