THERE are no immediate plans for jobs cuts at Waterford Wedgwood in the wake of yesterday’s profit warning, which brought losses in the company’s market value to €37.2 million in less than a week, said group chief executive Redmond O’Donoghue.

‘The Glass’ needs a dollar recovery to see fortunes improve, says CONOR KEANE.

WATERFORD Wedgwood suffered a pre-tax loss of more than €12 million in the first half of its financial year.

WATERFORD Wedgwood chairman Tony O'Reilly is driving a re-capitalisation of the company similar to his successful re-capitalisation of IN&M.

DOLMEN Stockbrokers believe out-of-favour Waterford Wedgwood shares have a potential 25% upside over the next 12 months.

A DIP of 4.6% in annual sales to €951.3m, a modest rise in profits before tax, a cut in its dividend and the loss of more than 1,000 jobs in Britain has been reported by the Waterford Wedgwood group.

IF Waterford Wedgwood can knock 70% plus off the unit cost of production by outsourcing its earthenware division to China, surely that raises serious question marks over the 16,000 jobs at Waterford Crystal Clearly there is no sentiment in business.

WEAKNESS in the US dollar, at four year lows against the Swiss franc, is bringing mixed fortunes for two prominent Irish groups, according to recent research.

THE profits of Irish public companies with defined benefit pension schemes could take a big hit from the €2bn plus fall in the value of their pension assets this year, according to stockbrokers Merrion Capital.