Finance Matters

Royal Bank of Scotland (RBS), which is 84% owned by the taxpayer, has today reported a net attributable loss of £1.13 billion for the 2010 year. While the loss is down from the £3.6 billion reported for 2009, it was higher than analysts had expected. The results are also a significant improvement on the £24.1 [...]

Oil giant BP has today reported a massive loss of $16.9 billion in the three months to June as a result of the major oil spill in the Gulf of Mexico.
The company added that costs related to the spill will reach $32.2 billion (£20.8 billion).
Excluding oil spill and other non-operating costs, BP’s replacement cost profit [...]

British Airways, which is facing fresh strikes over the next few weeks, has today reported a record £531 million annual loss.
The latest results, which cover the 12-month period to the end of March, include the estimated £40 million loss from the cabin crew strikes which took place during the month.
However, they do not include any [...]