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- Yell core profit up
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LONDON (Reuters) - Directories group Yell said it was on track to meet its full-year guidance for core profit after a rise in the first quarter but expects sales to stagnate in the second as slowing economies take their toll.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 23:50
- European insurers: Black box blues
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Insurers have largely avoided the worst of the credit crunch. Why are their shares suffering? AFTER watching bank shares drop by almost a third this year, most European investors probably consider the idea of buying insurance stocks a sick joke. Banks’ balance-sheets may be difficult to understand but insurers can be mind-bogglingly complex. Insurers also have a track record of fouling up when the economic environment worsens. In the downturn in 2002 they got things badly wrong. The big European life insurers owned far too many equities. When stockmarkets fell, their capital positions were whacked, forcing many to issue new shares. “Once bitten, twice shy” is the market’s motto today. The share prices of Europe’s insurers have dropped by almost a quarter this year and trade on the lowest multiple of earnings of any sector, battered banks included. Is that fair? ……
Original Source:
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23 July, 2008| massmedia |
Comments (0) @ 23:45
- Rolls-Royce says underlying profit up 8 percent
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LONDON (Reuters) - Engine maker Rolls-Royce Group met forecasts with an 8 percent rise in underlying first-half profit and said it would continue to deliver profitable growth despite global economic conditions.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 23:42
- Brazil increases interest rates
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Brazil increases interest rates to 13% from 12.25%, in an attempt to counter rising inflation…
Original Source: news.bbc.co.uk
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23 July, 2008| massmedia |
Comments (0) @ 23:34
- Colt beats forecasts
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LONDON (Reuters) - Colt Telecom Group SA said on Thursday it expected improved results for 2008 after posting a 12.7 percent rise in second-quarter core earnings, ahead of forecasts.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 23:29
- BG’s profit soars on high prices
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LONDON (Reuters) - Gas producer BG Group said net profits, excluding one-off items, beat forecasts to rise 97 percent to 807 million pounds in the second quarter thanks to high gas prices.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 23:19
- Kingfisher same-store sales down 1.5 percent
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LONDON (Reuters) - Kingfisher , Europe’s biggest home improvements retailer, said sales at stores open over a year fell 1.5 percent in the second quarter of its financial year and that it was cautious about its outlook.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 23:17
- Imperial Tobacco says trading remains in line
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LONDON (Reuters) - Imperial Tobacco , the world’s fourth-biggest cigarette company, said on Thursday its overall performance had remained in line with its expectations and that it was on track for another successful year.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 23:14
- Colt beats forecasts and says expects improved year
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LONDON (Reuters) - Colt Telecom Group SA posted a 12.7 percent rise in second quarter core earnings on Thursday, ahead of forecasts, and said it expected improved results for 2008.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 23:10
- Japan stocks up 2 pct as exporters gain on soft yen
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TOKYO (Reuters) - Japanese stocks rose 2 percent on Thursday, and looked poised to mark a four-week closing high, as Toyota Motor Corp and other car makers led gains by exporters on a softer yen and a drop in oil prices.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 22:44
- Oil hits 7-week low
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HONG KONG (Reuters) - Oil prices fell to a seven-week low below $125 a barrel on Thursday as U.S. energy demand was seen reaching a tipping point, sending investors back into Asian stocks for the fourth consecutive day.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 21:23
- Retail sales to shrivel in June
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LONDON (Reuters) - Analysts had to rub their eyes last month when official figures showed UK retail sales volumes leapt in May at their fastest pace in more than two decades.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 19:44
- Oil hits 7-week low and boosts stocks
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HONG KONG (Reuters) - Oil prices fell to a seven-week low below $125 a barrel on Thursday amid a view U.S. energy demand has reached a tipping point, sending investors back into Asian stocks for the fourth consecutive day.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 19:41
- Oil deepens slide to 7-week low on U.S. demand woes
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SINGAPORE (Reuters) - Oil edged down to $124 on Thursday, extending a precipitous pull-back from this month’s record high after U.S. data signalled that economic woes and high prices were putting the brakes on demand in the world’s top consumer.
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Original Source: feeds.reuters.com
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23 July, 2008| massmedia |
Comments (0) @ 19:01
- Housing rescue bill passed in US
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The US House of Representatives passes a massive housing rescue bill after President Bush says he will not veto it….
Original Source: news.bbc.co.uk
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23 July, 2008| massmedia |
Comments (0) @ 19:00
- Moscow tops list of pricey cities
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Moscow tops the league of the most expensive cities to live in for expatriates, followed by Tokyo and London….
Original Source: news.bbc.co.uk
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23 July, 2008| massmedia |
Comments (0) @ 16:02
- MPs scrap France’s 35-hour week
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France’s parliament passes a law which effectively ends the country’s compulsory 35-hour working week….
Original Source: news.bbc.co.uk
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23 July, 2008| massmedia |
Comments (0) @ 15:56
- Vote revokes French 35-hour week
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France’s parliament passes a law which effectively ends the country’s compulsory 35-hour working week….
Original Source: news.bbc.co.uk
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23 July, 2008| massmedia |
Comments (0) @ 15:56
- US lawmakers pass housing rescue
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The House of Representatives passes a housing rescue bill after President Bush says he will not veto it….
Original Source: news.bbc.co.uk
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23 July, 2008| massmedia |
Comments (0) @ 15:53
- Retirement planning for mom and dad
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Saving for your own retirement is tough enough. You don’t want to be taking care of mom and dad too. Help them plan their finances before they reach their golden years.
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Original Source: rss.cnn.com
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23 July, 2008| massmedia |
Comments (0) @ 14:30