Accumulated losses at the firm behind the Pinergy brand more than doubled to €5.7m in 2014 as the energy firm continued its expansion phase by doubling its customer base.

The directors of the Irish arm of the company that operates voucher site Pigsback.com have reviewed the firm’s cost base after seeing its losses balloon by over €200,000.

Loyaltybuild — the Co Clare firm that was victim to a “very sophisticated cyber attack” plunged into the red in 2014 to record pre-tax losses of €18m. Loyaltybuild Ltd posted a profit of €1m in 2013.

UK bankers may lose part or all of their bonuses even after they switch firms if they are responsible for losses at their previous employer, according to a Bank of England proposal.

Cork-based international engineering group Kentech sharply pared its losses to $2m (€1.88m) last year.

Scandal-hit Volkswagen has posted a third-quarter loss of €3.5bn.

The Irish arm of aircraft leasing firm, Aercap last year plunged into the red with losses of $75m (€65.89m) in spite of revenues jumping by 30%.

The main Irish unit of US software giant Adobe last year plunged into the red after recording pre-tax losses of $39m (€34.63m).

Guinness owner, Diageo, has warned that the weakness of the euro and emerging market currencies, against sterling, could reduce annual profits by £150m (just over €200m) this year.

The parent company in Jack Ronan’s Vita Cortex group has ceased trading, in spite of reducing its accumulated losses by €780,000 last year, new figures show.

Government, in the interests of the workers of this State, should also take action when it appears to be clear that a company is restructured to avoid paying its employees or its suppliers, writes Paul Mills

A UK-based building firm controlled by the Bailey brothers last year recorded losses of £5.5m (€7.6m).

The new UTV Ireland television station generated a loss of £7.5m (€10.2m) in the first half of this year; representing approximately 65% of the venture’s anticipated losses for the full year.

Government steps in to shore-up prices.

China has become an integral part of the global economy, and it is a fact that but for the growth in China over the last few years, the global economy would have gone into an even worse meltdown, writes Jim Power

Losses continued to mount last year at the ethical clothing company founded by Bono and his wife, Ali Hewson.

Pre-tax losses at coach firm, Aircoach last year dramatically reduced to €773,000 after a jump in revenues to €18.1m.

Italy is set to put senior unsecured bank bonds in line for losses with a law that facilitates writedowns to prevent taxpayer bailouts.

Asda said it had hit a “nadir” as it reported a deepening decline in sales - with a like-for-like quarterly fall of 4.7% that was the worst in its 50-year history.

Underwriting losses at insurance firm RSA Ireland came in at £107m (€146.9m) last year as the insurer experienced another difficult year in the Irish market.

MBNA yesterday announced 160 jobs could be lost by November with the closure of its call-centre and support operation in Carrick-on-Shannon.

Operating losses at leading Irish explorer Providence Resources jumped by more than 30% last year, to just over €7.2m.

The directors of retailer Harvey Norman remain upbeat over the group’s future here in spite of incurring underlying operating losses of €17.5m last year.

Up to 150 people are expected to lose their jobs at a Dublin food distribution depot after food wholesale giant Musgrave confirmed it is not renewing its contract with the firm.

The link between social disadvantage, unemployment, poverty, welfare dependence and poor educational achievement is expressed in the starkest terms in last night’s social housing organisation Respond’s report.

More than 30 primary schools will lose a teacher next autumn due to ongoing changes to how smaller schools are staffed.