Tepco sees £4.5bn quarterly loss

Tokyo Electric Power Co, the operator of Japan's stricken nuclear plant, reported a £4.5bn quarterly loss, nearly as big as its market value, due to a massive provision to compensate victims of the nuclear disaster, soaring fuel costs and a dive in sales. For April to June, Tepco reported a net loss of 571.8bn yen (£4.5bn), against a 5.5bn yen loss in the same period last year.