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The organisation said that "resilience in developing economies" would compensate for an expected downturn in the United States.
"Antiquorum restructured on a global basis in 2010, resulting in a temporary, and expected, downturn in turnover," said Charles Tearle, a director of Antiquorum New York.
The recently announced takeover of Baker Hughes by Halliburton will help the two oilfield-service companies cope with an expected downturn in the oil industry, as capital spending is cut in response to the falling oil price.
A faster than expected downturn in print advertising and slower increase in digital revenues, combined with the costs of international expansion, means that the company's outgoings have outpaced revenues over the past five years.
RTL, the pan-European broadcaster which also owns The X Factor producer, FremantleMedia, recorded an impairment loss of €140m against the value of Channel Five's assets "mainly due to the worse than expected downturn in the United Kingdom".
Halliburton can plug gaps with two technologies at which Baker Hughes excels: "artificial lift", which boosts the pressure and recovery rate from wells; and speciality chemicals that help oil flow more cheaply and safely.Joining forces will help the two firms cope with an expected downturn in the industry's fortunes.
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WASHINGTON — The Obama administration put the nation's biggest banks on notice Monday that the government could become their biggest shareholder if regulators decide they are not strong enough to weather a deeper-than-expected downturn in the economy.
Mr. Myers said that he expected a downturn in the media economy at the end of 2004 -- after the presidential election.
"We did expect a downturn in our core sector but not to the extent it actually was.
Askouni added that the company had taken holiday bookings today and doesn't expect a downturn in business this summer.
He said revenue would probably fall another 5 to 12percentt, as 3Com expects the downturn in spending on information technology to spread to Europe and Asia.
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