Tag: writedown

27 DEC

Barclays will take a $1.3 billion writedown because of US tax reform (BCS)

Thomson Reuters Barclays will take a $ 1.3 billion writedown because of US tax reform. The bank says the tax overhaul will cause its tier 1 capital to fall by about 20 basis points.   (Reuters) – Barclays expects to take a writedown of about 1 billion pounds ($ 1.34 billion) on its annual post-tax […]

09 FEB

French ad group Publicis forced to take a $1.5 billion writedown on its digital business (PUB)

YouTube/mipmarkets PARIS, Feb 9 (Reuters) — France’s Publicis reported weaker-than-expected underlying sales in the last quarter of 2016, closing a challenging year that led it to write-down the value of its digital business. The world’s third-largest advertising group, which underwent an internal reorganisation to foster greater collaboration between its myriad of agencies and win back […]

30 JAN

Sony missed writing on the wall for DVD sales, takes nearly $1B writedown

(credit: Flickr) Sony has finally figured out what the rest of us already knew—people just aren’t buying physical media like they used to. In a Monday statement to investors, the company attributed the “downward revision…to a lowering of previous expectations regarding the home entertainment business, mainly driven by an acceleration of market decline.” As such, […]