Burger King announces Whopper of a shares fall

BURGER King Holdings, the second-biggest US hamburger chain, posted a fourth-quarter loss on payments related to its initial public offering in May.

Its shares had their biggest fall ever.

The company had a net loss of $9 million (€7.06m), or 7 cents a share, compared with net income of $2m, or 2 cents, a year earlier. Sales climbed to $533m from $503m, Miami-based Burger King said today in a statement.