Shareholders lose faith in Kodak's future

Shares in iconic photography and printing brand Eastman Kodak have fallen by 25 per cent amid the news that a £103 million loan for "general corporate purposes" has been taken out.
Although Kodak was well known for its film photography technology for over 100 years, it has not made a profit since 2007.
Overall, shares have fallen by 66 per cent this year alone. In 1997 shares in Kodak were valued at $90 (£57), but on Monday had fallen to just $1.74 (£1.20).
Cash flow
Recently, the company has spent millions of dollars investing money into the business, with the recent loan of $160 million (£103 million) said to be worrying investors.
Speaking to Reuters, a spokesman from Kodak, Christopher V... »read more

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