Banking

Tanfield Group Plc, a maker of aerial work platforms and commercial electric vehicles, announcing its full year 2008 preliminary results on Wednesday, reported a loss for the year, primarily due to a huge one-off impairment charge taken pursuant to a review of its goodwill and other assets. Results were also impacted as the Group encountered a downturn in its end markets in the second half of 2008.

Wednesday, beverage alcohol products maker Constellation Brands, Inc. reported a narrower net loss for the fourth quarter, reflecting lower one-time charges compared to last year. On an adjusted basis, earnings plunged 38% and missed market projections. Further, the world's largest wine company provided fiscal 2010 comparable earnings forecast, which is in line with analysts' current estimates. Fourth-quarter net loss was $406.8 million compared to a net loss of $834.8 million last year.