Reading Time: < 1 minute Air Berlin (AB, Berlin Tegel) suffered first quarter losses of EUR293.3 million (USD328 million), an increase of 60% on losses for the same period last year. Its first quarter financial results, published this week, also show that revenue was down EUR87.5 million (USD98 million) to EUR649.6 million (USD726.5 million) for the quarter. According to Air […]

Reading Time: 2 minutes The British engine maker Rolls-Royce reported a record loss of £4.6 billion before tax due to fines related to the settlement of bribery charges and a fall in the pound. Underlying profit before tax, which excluded the impact of the revaluation of derivatives and other one-offs, fell by 49 per cent to £813 million. The […]