Carnival sees profits sink deeper

Carnival yesterday reported a sharply lower profit as revenue continued to be hit by last January’s deadly capsizing of the Costa Concordia cruise ship, and the leisure operator said bookings for 2013 were still lagging last year. Shares dived around five per cent as the market opened. The company reported net income of $93m (£56.7m) on revenue of $2.66bn for the fourth quarter ended 30 November.