Newspaper article from our research archive:

BM shows big loss for second year

BM, the debt-laden engineer driven to the brink of collapse by ill-starred acquisitions, announced a second year of big losses yesterday.

In the year to end-June it made taxable losses of pounds 71.4m, compared with losses of pounds 116.6m the year before. Although operating profits on continuing operations, ranging from tobacco machinery and fasteners to metal fabrication, rose from pounds 1.3m to pounds 6.7m, one- off charges of pounds 67.5m dragged the group into the red.

These included the write-off of pounds 51.6m of goodwill linked to a rapid-fire disposal programme to reduce debt. There was also a pounds 12.7m write-down of pension pre-payment triggered by that programme's pruning of ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!