Finance News – Loss
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Greene King: Pub giant calls for ‘urgent help’ after losing £150m
Greene King experienced a significant financial downturn in 2024, shifting from a substantial profit to a considerable pre-tax deficit, prompting a request for immediate government...
Read Full Article →My wife and I paid off my stepdaughter’s $415K mortgage in exchange for her house, but it’s now wort...
Paying off the mortgage transferred significant financial responsibility to the couple, resulting in a substantial asset devaluation that could impact their retirement security and...
Read Full Article →UK's only global luxury brand to cut 1,700 jobs
Burberry plans to reduce its workforce by approximately 1,700 positions globally in the next two years as part of efforts to address significant recent financial challenges.
Read Full Article →GoDaddy recovers from huge loss as revenue jumps
GoDaddy’s European division improved its financial performance in 2024 by achieving a pre-tax profit of $4.2 million, reversing the previous year’s significant deficit of over $68...
Read Full Article →Nissan to shed 20,000 jobs as Japanese automaker reports loss
The reduction of roughly 15% of its international staff reflects Nissan's efforts to address financial challenges following the announcement of a fiscal year loss.
Read Full Article →Nissan to shut seven factories, cutting 20,000 jobs worldwide
Nissan’s decision to reduce its global workforce and facility operations follows a substantial financial downturn influenced by unsuccessful merger discussions and declining sales...
Read Full Article →SoftBank Vision Funds swing to annual loss as investment gains slow by 40%
SoftBank's Vision Fund experienced a decline in annual performance due to reduced returns from its technology investments, resulting in a financial loss for the fiscal year ending...
Read Full Article →Operator says he's lost $45K in one month due to Canberra light rail construction
The business owner reported significant monthly revenue declines linked to local infrastructure work, prompting government measures aimed at supporting affected enterprises within...
Read Full Article →Hut 8’s earnings swing to loss as Bitcoin halving bites
Hut 8 Corp. experienced a significant decline in revenue and profitability in the first quarter due to reduced Bitcoin rewards and increased expenses related to equipment improveme...
Read Full Article →Crypto Miner MARA Holdings Posts $533M Q1 Loss Despite Record Bitcoin Holdings
MARA Holdings experienced a substantial financial setback in the first quarter due to accounting standards requiring recognition of unrealized losses on its large inventory of digi...
Read Full Article →DraftKings says lack of March Madness upsets kept it from raising its forecast, but shares rally
DraftKings reported a smaller-than-anticipated quarterly loss but indicated that fewer surprising game results during March limited its ability to improve revenue projections for t...
Read Full Article →New Zealand Rugby post £8.7m loss months after Ineos saga
New Zealand Rugby reported a significant financial deficit for 2024, marking the third year of losses despite experiencing its highest revenue levels during this period.
Read Full Article →Riot Platforms Posts Mixed Q1 Results as Effects of Bitcoin 'Halving' Linger
Riot Platforms reported varied first-quarter financial results, exceeding revenue forecasts despite experiencing a decline in share value amid ongoing effects from the recent Bitco...
Read Full Article →I begged my adviser to sell amid the market turmoil. He dragged his feet and I lost $20,000. Do I ha...
A client expressed frustration over significant financial losses attributed to their adviser's delay in executing trades during a market downturn, raising questions about potential...
Read Full Article →Riot Platforms posts Q1 loss, beats revenue estimates
Riot Platforms reported record quarterly revenue of $161.4 million despite a net loss of $296,367, attributed to rising mining costs and a significant increase in global network ha...
Read Full Article →Strategy touts 14% YTD Bitcoin yield in Q1 earnings print, misses estimates
Strategy reported a year-to-date Bitcoin yield of 13.7% and a net loss of $4.2 billion for the first quarter, while revealing plans to target a 25% yield this year.
Read Full Article →Story of Man Who Lost $750 Million Worth of Bitcoin in Landfill Headed to Hollywood
A Hollywood production company plans to adapt the tale of James Howells, who suspects that a hard drive containing significant Bitcoin value is lost in a landfill, highlighting fin...
Read Full Article →In Ontario, selling at a loss becomes commonplace
A recent study indicates that a significant portion of properties purchased in Ontario during 2022 are being resold at lower prices by 2024, reflecting broader market trends.
Read Full Article →World’s largest sovereign wealth fund posts US$40-billion first-quarter loss on tech weakness
The world's largest sovereign wealth fund reported a $40 billion loss in the first quarter, attributed to weaknesses in the technology sector, while downplaying the significance of...
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