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Aerospace, defence & advanced engineering
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Doughty Hanson
(UK)
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Doughty Hanson's sale of Dunlop Standard Aerospace, the aircraft components group, which had been due to be signed on September 12, has been delayed following concerns over the financing of the deal. Oct 5 2001
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Agfa-Gevaert
(Mortsel, Belgium)
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Imaging group Agfa-Gevaert says it could shed 4,000 jobs in a new cost reduction programme aimed at "significantly reducing overheads and production costs as well as converting fixed cost into variable costs". Sep 27 2001
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Boeing
(Illinois/Washington, US)
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Boeing is to cut up to 30,000 jobs in its commercial aircraft division by the end of next year, attributing the action to expected capacity reductions by its airline customers following the terrorist attacks. Sep 19 2001
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Bombardier
(Quebec, Canada)
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Bombardier says it will cut 10 per cent of the staff in its aerospace division after reducing the number of aircraft it plans to deliver this year. Sep 26 2001
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Eads
(Paris, France, Munich, Germany)
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EADS, the parent of Airbus, the European aircraft maker, has scrapped plans for an ambitious ramp up in production in the face of the crisis engulfing global aviation. Sep 20 2001
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General Electric
(Connecticut, US)
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General Electric, the world's most valuable company, warns that the repercussions of the World Trade Center terrorist attacks will hit its earnings for the third quarter. Sep 14 2001
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Honeywell
(New Jersey, US)
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Honeywell, the US diversified manufacturer, warned that third-quarter earnings would be as much as 19 per cent below expectations, because of the troubles hitting the world aviation industry following the terrorist attacks on the US. Sep 18 2001
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Textron
(US)
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Textron gutted its profit outlook for the rest of the year, warning of a third-quarter loss and effects of a deteriorating domestic economy and terrorist attacks. Sep 26 2001
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United Technology
(Connecticut, US)
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United Technologies says it expects its fourth-quarter earnings per share to fall by up to 30 cents to 67 cents, below consensus estimate of 97 cents, following disruptions caused by the terrorist attacks in the US. Sep 17 2001
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Snecma
(France)
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Snecma, the French state-owned aircraft-engine and equipment maker, says it is set to delay an initial public offering planned for mid-October because of the state of the markets following last week's US terrorist attacks. Sep 17 2001
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Autos
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Ford
(Michigan, US)
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Ford becomes the first US automaker to warn that it will not meet third-quarter profit estimates because of parts shortages and disrupted production in the wake of the terrorist attacks in New York and Washington. Sep 14 2001
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Goodyear
(US)
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Goodyear warns that third-quarter earnings were likely to be less than 25 per cent of Wall Street expectations, as the automotive supply market continued to weaken. Sep 27 2001
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Jaguar
(US)
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Jaguar, Ford's luxury car subsidiary, is to extend planned shutdowns at two Midlands factories this autumn to avoid excess inventories. Oct 2 2001
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Suzuki Motor
(Japan)
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Suzuki Motor group pulled out of an Indian joint venture manufacturing scooters ahead of a possible re-entry into the market as an independent producer. Sep 27 2001
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Basic industries
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Eaton
(US)
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Eaton warns that its third quarter profits would fall almost 30 per cent short of Wall Street expectations and significantly pared next year's outlook.
Sep 27 2001
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Henkel
(Germany)
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Henkel, the German household chemicals company, incorporates a clause in the sale of its Cognis unit to take account of market uncertainties following the terrorist attacks in the US. The clause enables the buyers - Schroder Ventures and Goldman Sachs Capital Partners - to withdraw within two months.
Sep 13 2001
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Polaroid
(Boston, US)
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Wyndham International, the upmarket hotels operator, said it was axing 1,600 employees, or 5 per cent of its workforce, in the face of sagging occupancy rates and an overall slowdown that has hit the lodging industry in the wake of the September 11 attacks. Oct 2 2001
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Wolseley
(UK)
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Analysts cut profit forecasts for Wolseley, the British plumbers' merchant and building products company, in the wake of terrorist attacks in the US. Sep 25 2001
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Consumer industries
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Gucci
(Italy/Netherlands)
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Gucci, the Italian fashion house cut its own forecasts for the full year following the US terrorist attacks. It also announced that it planned to buy back about 3.5m shares over time, subject to market conditions.
Sep 25 2001
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LVMH
(Paris, France)
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Shares in the world's largest luxury goods group, Moet Hennessy-Louis Vuitton (LVMH), fell nearly 10 per cent after it reported weak first-half profits and issued a warning for the full-year in the wake of the attacks in the US. Sep 13 2001
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Numico
(Philadelphia, US)
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Shares in Numico, a Dutch specialist food group, fall nearly 25 per cent to their lowest level in three years after it issues a profit warning following a sales slump exacerbated by the terrorist attacks on the US. Oct 1 2001
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PepsiCo
(New York, US)
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PepsiCo, the food and beverage company, says it will immediately resume its share repurchase under the terms of the emergency relief order announced by the New York Stock Exchange, buying up to $2bn worth of stock. Sep 17 2001
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Prada
(Italy)
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Prada, the Italian fashion group, is expected to delay indefinitely this week an initial public offering,
because of the terrorist attacks in the US. Sep 16 2001
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Unilever
(UK/Netherlands)
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Unilever warns of a significant slowdown in sales at its prestige fragrances and US foodservice.
Sep 24 2001
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Energy
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Enex Resources
(Australia)
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Australian coal exporter Enex Resources, which had already delayed its Sydney
IPO until the end of this month because of the attacks in the US, postpones the launch again. It says it will proceed when market conditions stabilise.
Sep 20 2001
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Financial services
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Allianz and Berkshire Hathaway
(Germany, US)
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Allianz and Berkshire Hathaway became the latest insurers to raise estimates for losses faced as a result of last
week's terrorist attacks on the US. Sep 21 2001
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American Express
(New York, US)
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American Express says its headquarters at the World Financial Center will be empty for several months because of damage caused by the collapse of the adjacent World Trade Center towers. It adds that there will be significant costs in leasing alternative accommodation and relocating up to 5,000 employees. Sep 18 2001
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Citigroup
(New York, US)
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Citigroup, the largest US financial services group, says third-quarter earnings will be reduced by up to $200m, while its Travelers insurance business estimates losses of about $500m from claims related to the terrorist attacks. Sep 17 2001
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Lloyd's
(London, UK)
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The London insurance market, could face gross liabilities of up to £7bn ($10.25bn) arising from the terrorist attacks on the US, according to Fitch, the ratings agency. Lloyd's last week estimated its exposure at £1.3bn. Oct 2 2001
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Munich Re
(Munich, Germany)
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Munich Re, the world's largest reinsurer, says that claims related to the terrorist attacks in the US could cut
pre-tax profits by E2.1bn ($1.95bn), more than double its original estimate. Sep 20 2001
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Standard & Poor's
(US)
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Gloomy forecasts questioning the ability of reinsurers to meet claims arising from the September 11 attacks were criticised by Standard & Poor's, the rating agency. Oct 2 2001
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Standard Chartered
(UK)
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Standard Chartered, the UK-based international banking group, has shelved plans for a share listing of up to $450m in Hong Kong in the wake of turbulent market conditions following last week's terrorist attacks in the US. Sep 19 2001
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Swiss Re
(Zurich, Switzerland)
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Swiss Re raises its estimated losses from the SFr1.2bn ($753m) released last week to about SFr2bn, following the attacks. Sep 20 2001
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Healthcare
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Qiagen
(Holland)
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Shares in Qiagen, the Dutch biotechnology company, fell to their lowest for a year-and-a-half after it said last week's
terrorist attacks in the US would affect its third-quarter performance. Sep 21 2001
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Retailing & Services/E-tailing
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Accor
(France)
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Accor, the hotels group, issued a profits warning and said that 2001 pre-tax profits would be E700m-E750m, instead of the E825m expected. Sep 19 2001
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Chez Gérard
(London, UK)
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Groupe Chez Gérard, the restaurant chain, said it would halt its expansion plans in the face of the economic uncertainty following the terrorist attacks on the US. Sep 26 2001
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FedEx
(Tennessee, US)
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FedEx Corp, the world's biggest air express carrier, said its first quarter profit slumped 36 per cent, due to a weak global economy and future uncertainty over the US terrorist attacks. Sep 20 2001
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Hilton Hotels
(California, US)
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Stephen Bollenbach, chief executive,
said the next 12 weeks could be the "worst times ever seen in business travel", but predicted trading would bounce back by January 2002. Sep 19 2001
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MGM Mirage
(UK)
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MGM Mirage, the world's second-largest gaming company, issues a profits warning, blaming a drop in casino and hotel visitors to Las Vegas since the September 11 terrorist attacks. Oct 1 2001
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Priceline
(New York, US)
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Priceline.com warns that third-quarter revenues will be down, following the terrorist attacks in the US. Sep 18 2001
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Selfridges
(UK)
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Selfridges, the UK department store group, announces that sales in the week following the terrorist attacks, were down by about £1m ($1.46m) as stunned shoppers stayed away. Sep 20 2001
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Six Continents
(UK)
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Six Continents, the hotel group formerly known as Bass, warned the short-term effects could be "substantial", given that 20 per cent of its hotel profits were generated in September and October. Sep 19 2001
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UPS
(Atlanta, US)
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United Parcel Service warns that its third-quarter earnings would fall below already reduced earnings estimates because of a sharp decline in shipping after the September 11 terrorist attacks against the US. Sep 27 2001
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Vedior
(Amsterdam, The Netherlands)
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Shares in Vedior, the world's third biggest temporary employment agency, fell sharply after the Dutch group warned it would miss its full-year earnings target as a result of slowing sales in key markets. The events of September 11 added to Vedior's woes in the US where August and September sales fell 30 per cent. Oct 2 2001
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WH Smith
(UK)
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WH Smith has warned that its US retail business has been hit by lower levels of air travel and hotel occupancy after the terrorist attacks three weeks ago.
Oct 1 2001
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Wyndham International
(Dallas, US)
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Wyndham International, the upmarket hotels operator, said it was axing 1,600 employees, or 5 per cent of its workforce, in the face of sagging occupancy rates and an overall slowdown that has hit the lodging industry in the wake of the September 11 attacks. Oct 2 2001
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Technology, media and telecoms
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VNU
(Holland)
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VNU, the Dutch market research and business information group, warned it expected full-year earnings before goodwill, amortisation and one-off items to decline between zero and 5 per cent, largely as a consequence of the further deterioration in economic conditions since the September 11 terrorist attacks in the US.
Oct 5 2001
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Sun Microsystems
(US)
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Sun Microsystems announced plans to cut nearly 4,000 jobs as it joined the list of big technology companies to report a dent in its sales after the attacks on New York and Washington.
Oct 5 2001
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AOL Time Warner
(US)
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AOL Time Warner warned its revenue and cash flow would fall significantly below forecasts in the wake of the terrorist attacks on the US, which pushed up the cost of news coverage as advertising fell.
Sep 25 2001
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Avesco
(UK)
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Shares in Avesco, the UK media group that owns a stake in TV quiz show Who Wants To Be A Millionaire?, tumbles after it warns profits for its core services will suffer from the effects of the US terrorist attacks. Sep 18 2001
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Cedar
(Surrey, UK)
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The spectacular collapse in Cedar's share price - down 93 per cent in two days - is another sign that the worst may be just beginning for software and information technology companies after the assault on the US.
Sep 18 2001
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Cisco
(California, US)
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Cisco, the largest network equipment company, said its board of directors had authorised the purchase of as much as $3bn of its stock over the next two years. Sep 14 2001
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Compaq Computer
(US)
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Compaq Computer warned that revenues and earnings for the quarter ending on September 30 would be lower than expected following last month’s terrorist attacks, as they affected demand and disrupted the group’s supply chain and logistics. Oct 1 2001
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Daily Mail
(UK)
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Daily Mail and General Trust, the UK owner of the Associated Newspapers group, forecast an 8 per cent fall in second-half display advertising revenues following the terrorist attacks in the US. Sep 25 2001
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Euromoney
(UK)
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Euromoney says the attacks on the US will lead to lower full-year profits due to the cancellation of conferences and training courses in New York and the postponement of events such as the IMF and World Bank meetings in Washington.Sep 24 2001
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Havas Advertising
(France)
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Havas Advertising pulled out of the bidding war with WPP of the UK for the Tempus media buying agency, saying it would not be in the best interest of shareholders to proceed. Sep 21 2001
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New York Times
(New York, US)
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The New York Times warns that its third-quarter results will be hurt by an exacerbated slowdown in advertising revenues, following the terrorist attacks in the US. Sep 18 2001
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News Corporation
(US)
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News Corporation, Rupert Murdoch's media group, said its Fox television network lost "tens of millions" of dollars in advertising revenue in the week of the attacks, and lowered its forecasts for 2002. Oct 2 2001
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Nexans
(Paris, France)
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Nexans, the cable business, adds its name to the growing list of companies planning share buy-backs with a plan to purchase up to E100m ($92m) of its stock. Its shares tumbled earlier this month in the lead-up to its first set of results since its flotation in June and fell further in the wake of the terrorists attacks in the US. Sep 18 2001
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Oracle
(California, US)
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The chairman and chief executive of Oracle, Larry Ellison, warns that terrorist attacks on Washington and New York will affect new licence growth and keep profits flat in the current quarter. The company says it will aggressively buy back its shares over the next few weeks. Sep 17 2001
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Pirelli
(Italy)
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Pirelli is looking to renegotiate the E7bn ($6.4bn) price it agreed to pay Bell for a controlling stake in Olivetti, the holding company of Telecom Italia, in light of the "changed international situation" following last week's terrorist attacks in the US. Sep 18 2001
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SunGard Data Systems
(Philadelphia, US)
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SunGard Data Systems, the US financial services software company, blames the terrorist attacks on September 11 for a shortfall in profits for the quarter ended September 30 and for the full financial year. Oct 1 2001
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Solectron
(California, US)
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Solectron, the contract electronics manufacturer which recently announced a substantial restructuring programme, says it will follow the lead of several of America's largest companies and buy back as much as $200m of its stock. Sep 17 2001
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Viacom
(New York, US)
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Viacom, the US media conglomerate that owns CBS and MTV, said its full-year earnings would be lower than expected due to a "considerable" increase in costs for its networks after the attacks in the US, although the results would still be higher than the previous year. Sep 19 2001
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Transport
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Air Canada
(Montreal, Canada)
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Air Canada said it was cutting a further 5,000 jobs and grounding a fifth of its fleet as it cuts capacity by 20 per cent worldwide. The lay-offs bring total job losses at the airline to 12,500 in the last 10 months. Sep 26 2001
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American Airlines
(Texas, US)
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American Airlines, the largest US carrier, says it will have to lay off at least 20,000 employees, or a fifth of its staff, to stay in business. Sep 19 2001
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Austrian Airlines
(Austria)
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Austrian Airlines warns that a loss of revenue, higher costs and problems selling excess aircraft was likely to plunge the group into "a considerable annual loss." Sep 26 2001
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British Airways
(UK)
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British Airways announces it will lay off 5,200 workers, cut capacity further and ground aircraft in response to the terrorist attacks on the US.
Sep 20 2001
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Continental Airlines
(Texas, US)
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Continental Airlines, the fifth-largest US carrier, says it will lay off 12,000 people, or over 20 per cent of its staff. Sep 16 2001
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Delta Air Lines
(Atlanta, US)
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Delta Air Lines, the world's third largest carrier, said it was axing up to 13,000 jobs to cope with the sharp fall-off in demand since the terrorist attacks in the US. Sep 26 2001
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Gill Airways
(UK)
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US terrorist attacks claimed Europe's first airline casualty after the Bank of Scotland foreclosed on the owners of Gill Airways. Sep 20 2001
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KLM
(The Netherlands)
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KLM, the Dutch airline, warns it expects to report an operating loss for the current fiscal year following the terrorist attacks in the US. The airline says it is still to early to estimate the magnitude of its full year operating loss. Sep 18 2001
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Lufthansa
(Köln, Germany)
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Lufthansa warns it will take "immense efforts" for the German airline to avoid dropping into an operating loss this year. Sep 19 2001
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Manx
(Isle of Man)
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Manx Airlines grounds its fleet of aircraft after it emerged that it was not covered by a government-backed insurance scheme. Sep 27 2001
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Northwest Airlines
(Minneapolis, US)
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Northwest Airlines said it was axing 10,000 jobs, taking the number of lay-offs among the major US airlines to 73,000 since the terrorist attacks last week. Sep 21 2001
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SAA
(South Africa)
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SAA announced bigger than expected losses and warned that high fuel prices and the consequences of the September 11 attack on the US would impact
negatively on future earnings. Sep 21 2001
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SAS
(Scandinavia)
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SAS says it will shed up to 1,100 jobs and cut capacity and routes in an effort to halt a slide into losses for the full year. Sep 26 2001
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Stagecoach
(Tayside, UK)
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Stagecoach warned that sales and profits would be hit at Coach USA, its struggling US subsidiary, following the terrorist attacks in New York and Washington. Oct 2 2001
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Sydney Airport
(Australia)
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Australia has delayed the sale of Sydney airport in what would have been the country's largest privatisation plan this year. Sep 24 2001
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United Airlines
(Illinois, US)
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United Airlines, says it will begin laying off 20,000 people "as soon as practicable". Sep 19 2001
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US Airways
(Virginia,US)
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US Airways announces 11,000 job cuts and warns: "The entire US aviation system is in jeopardy." Sep 17 2001
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Virgin Atlantic
(UK)
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Virgin Atlantic, the UK's second largest long haul airline, is eliminating 1,200 jobs - 13 per cent of its workforce - in response to the crisis in the aviation industry triggered by last week's terrorist attacks on the US. Sep 17 2001
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