Eurotunnel warning as losses soar to £82m

Debt-laden Channel Tunnel operator Eurotunnel today admitted its financial position was “worrying” after half-year losses ballooned to £82m (€124m).

The deficit was sharply higher than the £17m (€25.7m) at the same stage last year and Eurotunnel said its survival hinged on talks with its financial and industrial partners.