By Kate Hanaghan, 13 November 2001 11:40
NEWS Internet carrier Energis has seen first half losses widen as customers delay orders. Net loss for the first six months grew from £42.5m a year ago to £95.4m for the period ending in September. The company is cutting a further 350 jobs following on from the 100 that have already gone. The cuts will affect staff in UK, Germany and Netherlands. Although revenues were up by almost a third to £487.9m, figures did not reach the expectations of analysts. The company has been investing heavily in its European network. It claims to be fully funded with loans of up to £850m. In September the company dropped off the FTSE 100 Index of leading companies. Late this morning its share price was down 4.5 per cent.
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