Motor racing-Accounting move sends Williams into the red

Newswire

* FY pretax loss 5 million stg vs profit 7.4 mln * Loss reflects accounting factors relating to F1 income * Turnover up 22 percent to 127 million stg By Keith Weir LONDON, April 29 (Reuters) - The company behind British-based Formula One team Williams slumped to a 5 million pound ($7.8 million) pretax loss in 2012, after an accounting change deprived it of a slice of revenue from its involvement in the motor sport. ...

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