From Yahoo Finance: 2025-04-20 09:00:00

Sir Jim Ratcliffe, facing financial challenges, blames high energy costs and trade tariffs for Ineos empire downturn. Ineos Quattro reports financial losses doubled to €819m in 2024, first loss in five years. Moody’s downgrades outlook due to trade barriers. Ineos not paying dividends to reinvest in business for growth. Wealth fell to £23.5bn in 2024, down from £29.7bn in 2023. Pre-tax profit swings to €71.1m loss in 2024 due to rising debt costs. Ineos Quattro remains competitive with strong liquidity and market position. Confidence in long-term value delivery despite challenges.

Read more: Jim Ratcliffe’s chemicals business under pressure from Trump tariffs, Moody’s warns