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Coronavirus-hit Qantas posts 1bn annual loss

2020-08-20 04:32:45| BBC News | Business | UK Edition

The Australian airline's chief executive says trading conditions are the worst in its 100-year history.

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Occidental Petroleum Posts Fourth Straight Quarterly Loss on $6.6 Billion Write-down

2020-08-10 22:30:00| OGI

Occidental Petroleum posted its fourth straight quarterly loss on Aug. 10 as it recorded a $6.6 billion impairment charge, largely to write down the value of its properties following a crash in oil prices.

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EOG Resources Swings to Quarterly Loss on Oil Price Plunge

2020-08-07 01:00:00| OGI

EOG Resources said it started to restore curtailed production in June as oil prices recovered from their April lows, and it expects nearly all shut-in wells to begin production before the third quarter ends.

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Adidas moves to Q2 loss as sales slide by more than a third

2020-08-06 13:33:00| Daily apparel & textile news and comment - from just-style.com

German sportswear group Adidas has reported a loss for the second quarter as net sales tumbled by more than a third amid temporary store closures related to the Covid-19 pandemic.

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Joules moves to FY loss on stock and pandemic issues

2020-08-06 12:09:00| Daily apparel & textile news and comment - from just-style.com

British clothing retailer Joules has booked a drop in full-year sales and moved to a loss as the pandemic and e-commerce stock availability issues over the Christmas trading period weighed on results.

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