Santander makes first loss in 160 years with £11.4bn impairment

Santander makes first loss in 160 years with £11.4bn impairment

The UK wing of Santander managed to keep its head above water even as its Spanish parent took its first loss in its 160-year history. Santander UK said its profit had dropped by three quarters, but still remained in the black in the first half…

Greggs makes £62.2million loss, down from £36.7million profit

Greggs makes £62.2million loss, down from £36.7million profit

Sales at Greggs are still more than a quarter down on this time in 2019, the baker said, as it swung into a loss in the first half of the year. Greggs said that sales last week reached 72% of where they were during the…

Ryanair fears second wave of Covid-19 as airline reports £168m loss

Ryanair fears second wave of Covid-19 as airline reports £168m loss

Budget carrier Ryanair said it suffered the “most challenging” quarter in its 35-year history as it reported a loss of £168 million. The low-cost airline was forced to ground its fleet as coronavirus decimated timetables with travel bans and lockdowns introduced worldwide. It said a…

Tui reports £2.8bn loss but Covid vaccine breakthrough boosts recovery hopes

Tui reports £2.8bn loss but Covid vaccine breakthrough boosts recovery hopes

Europe’s largest travel company, Tui, lost a whopping £ 2.8 billion after coronavirus restrictions brought the tourism industry to a halt in March. The group, which owns tour operators such as Tui and Marella Cruises in the UK, saw sales fall 58 percent over the…