SC-US reveals £63m losses

The losses meant the company's full-year earnings slumped from $167m (£104m) in 1998 to just $12.8m (£8m) last year. The fourth-quarter figures were hit by the sale of the public special opportunity portfolio at a loss of $67m (£42m) and the $69.2m (£43.3m) writedown of the company's shares in parent ...

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