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Globe and Mail Investing • 03/12/2026 • Subscription Required

Sobeys parent Empire reports third-quarter loss on e-commerce charges

Empire's third-quarter loss reflects a significant $746 million writedown on its Voilà e-commerce business, despite higher same-store sales helping to...

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The Guardian – Business • 03/11/2026 • Free

Porsche to cut more jobs after costly reversal of electric car strategy

Porsche’s decision to cut jobs reflects significant financial strain from strategic reversals and declining sales in key markets, impacting profitabil...

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Euronews Business • 03/10/2026 • Free

Porsche AG's €4.7bn writedown eclipses profits by 98% amid shift away from EVs

Porsche AG's substantial €4.7 billion writedown significantly overshadowed its operating profits, reflecting the financial strain and uncertainty surr...

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Globe and Mail Investing • 02/06/2026 • Subscription Required

Stellantis shares plunge as carmaker takes $22.2-billion writedown on EVs

The $22.2-billion writedown significantly reduces Stellantis’s asset value, reflecting lowered expectations for electric vehicle growth and impacting...

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The Guardian – Business • 01/14/2026 • Free

BP to take hit of up to $5bn on green energy as it refocuses on fossil fuels

BP plans to reduce the value of its renewable energy assets by up to $5 billion due to strategic shifts toward traditional oil and gas, amid challenge...

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The Guardian – Business • 12/15/2025 • Free

Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite

Ford's decision to discontinue multiple electric vehicle projects and shift focus to hybrid and gasoline-powered models results in a substantial finan...

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Financial Times • 08/13/2025 • Subscription Required

Saudi Arabia’s PIF makes $8bn writedown on value of flagship megaprojects

The Public Investment Fund’s decision to adjust asset values reflects challenges like increased costs and shifting market conditions, impacting the ov...

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Financial Times • 06/09/2025 • Subscription Required

Thames Water bosses were set for £18.5mn before outcry over bonuses

Creditors have proposed a rescue plan involving a £3 billion equity injection and a 20 percent reduction in loan values, highlighting significant fina...

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Finance News - Writedown

Sobeys parent Empire reports third-quarter loss on e-commerce charges

Porsche to cut more jobs after costly reversal of electric car strategy

Porsche AG's €4.7bn writedown eclipses profits by 98% amid shift away from EVs

Stellantis shares plunge as carmaker takes $22.2-billion writedown on EVs

BP to take hit of up to $5bn on green energy as it refocuses on fossil fuels

Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite

Saudi Arabia’s PIF makes $8bn writedown on value of flagship megaprojects

Thames Water bosses were set for £18.5mn before outcry over bonuses

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