Sigh. This'll be short.
BBC News et al are reporting that Hicks and Gillett's holding company lost £42m last year. Which is a big bloody number, and bound to cause a riot.
I would like to throw up a word of caution, and link to this thread on RAWK by ttnbd.
I've linked to ttnbd on financial matters before, and with good reason. He's far more thorough that what you'll find in the news reports. Unsurprisingly, it's not good news, but it's not as bad as it appears on first glance.