[ad_1] Shell will take a hit of up to £3.5bn (€4.07bn) on its business in Singapore but said earnings from gas trading soared in the fourth quarter, writes Jessica Clark.…
Tag: WriteDown
Shell flags $6 billion writedown in Q4, mainly on Singapore assets
[ad_1] LONDON – Shell on Jan 8 flagged impairment charges of up to US$4.5 billion (S$6 billion) for the fourth quarter, mainly related to the Singapore refining and chemicals hub…
Shell flags Q4 writedown of up to US$4.5bil, mainly on Singapore assets
[ad_1] SHELL on Monday flagged impairment charges of about $2.5 billion to $4.5 billion for the fourth quarter, mainly related to the Singapore refining and chemicals hub the oil major…
Hitachi UK rail plant suffers multimillion-pound writedown
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hitachi’s rail business has taken a multimillion-pound writedown on…
Term Sheet: Germany’s biggest landlord reports €3bn write-down, Patrizia’s €300m debt ambition, Precede co-founder steps down
[ad_1] Vonovia reports €2.7 billion in asset value declines despite rental business growth; Patrizia sets sights on a €300 million fundraise for its second credit investment vehicle; Precede’s Daljit Sandhu steps…
Goldman Sachs faces big writedown on CEO David Solomon’s ill-fated GreenSky deal
[ad_1] Goldman Sachs CEO David Solomon speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. Taylor Hill | Getty Images Goldman…
Disney takes $1.5 billion writedown on programs it’s removing from streaming
[ad_1] California: Walt Disney Co. will record a $1.5 billion expense related to programming it’s removing from the Disney+ streaming platform. The expense is part of a previously announced plan…
Swiss regulator defends controversial $17 billion writedown of Credit Suisse bonds
[ad_1] “The AT1 instruments issued by Credit Suisse contractually provide that they will be completely written down in a ‘viability event,’ in particular if extraordinary government support is granted,” FINMA…
European bank shares sink after Credit Suisse takeover and bond writedown
[ad_1] European and Asian shares fell on Monday after UBS’s takeover of the failing Credit Suisse on Sunday stirred nerves around the health of the broader global banking system. After…