More Brexit doom

[sasguru]

The group reported its largest ever loss and one of the biggest in UK corporate history earlier this year, slumping into the red with a pre-tax loss of £4.64 billion for 2016 after a £4.4 billion writedown caused by the collapse of the pound since the Brexit vote, as well as a £671 million penalty to settle bribery allegations.

For Brexiters, HTH.

[The_Equalizer]

For Brexiters, HTH.

Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

[sal]

Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

Yeah I was about to comment that, all these numbers have to be taken with a pinch of salt. As Brexit is a great scapegoat for companies to blame their own failings on

[sasguru]

Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

Well yes, incompetence at one of Britain's last remaining large industrial concerns, doesn't bode well for Brexit.
But looking deeper, perhaps the intellectual level of the country has fallen to such a state that poor judgement is de rigeur?
After all everyone from top to bottom seems to be misjudging the world they live in.

[The_Equalizer]

Well yes, incompetence at one of Britain's last remaining large industrial concerns, doesn't bode well for Brexit.

Rolls-Royce excelled at bribery I'll have you know.

[BrilloPad]

Just been for coffee with a mate who lost serious amounts of business from Brexit. However he stands by his decision to vote Brexit. Though he did not like the timing. He wanted to wait until Greece and Portugal went bang.

[AtW]

Aren't companies with such exposure supposed to hedge against such things? I'd be looking long and hard at their risk team.

If I was them I'd be looking hard at Farage and his team...

[sasguru]

Rolls-Royce excelled at bribery I'll have you know.

Nope they couldn't even do that without being found out. Nil point.

[vetran]

so they didn't have any foreign currency hedging unlike any other large organisation & they broke the law then got caught. This is of course Brexit's fault.

I can see you are an intellect to respect - oh of course its AssSnob...

[sasguru]

so they didn't have any foreign currency hedging unlike any other large organisation & they broke the law then got caught. This is of course Brexit's fault.

I can see you are an intellect to respect - oh of course its AssSnob...

Don't worry a genius like you will be just fine after Brexit