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- Aviva profit up
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LONDON (Reuters) - Aviva reported a 12 percent rise in first-half profit as the strong euro helped offset the impact of market turmoil and announced a long-awaited deal to reallocate surplus assets held by two with-profit funds.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:51
- Provident Financial profit up 34 percent
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LONDON (Reuters) - Consumer lender Provident Financial posted a 34 percent rise in first-half profit on Wednesday with customer numbers growing 7 percent at its core consumer credit division in the period.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:50
- Cadbury’s profit jumps
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LONDON (Reuters) - Confectionery giant Cadbury beat forecasts with a 46 percent rise in first-half profits on Wednesday and said it was confident about the full year with sales growth seen at the top of its target.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:47
- Aviva up as reaches deal on surplus assets
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LONDON (Reuters) - Aviva reported a 12 percent rise in first-half profit as the strong euro helped offset the impact of market turmoil and announced a long-awaited deal to reallocate surplus assets held by two with-profit funds.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:42
- Lloyds TSB profit drops 70 percent
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LONDON (Reuters) - Lloyds TSB’s first-half profit dropped 70 percent from a year ago as it took a 585 million pound hit from its exposure to risky assets and adverse volatility in its insurance arm.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:41
- Cadbury profits jump 46 percent
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LONDON (Reuters) - Confectionery giant Cadbury reported a 46 percent rise in first-half profits on Wednesday and said it was confident for 2008 with sales growth seen at the top of its target and margins ahead of market consensus.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:23
- Lloyds TSB profit drops 70 pct
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LONDON (Reuters) - Lloyds TSB’s first-half profit fell 70 percent from a year ago as it took a 585 million pound hit from its exposure to risky assets and adverse volatility in its insurance arm.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:21
- Provident Financial profit up 34 pct
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LONDON (Reuters) - Consumer lender Provident Financial posted a 34 percent rise in first-half profit on Wednesday with customer numbers growing 7 percent at its core consumer credit division in the period.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:18
- Next underlying sales fall
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LONDON (Reuters) - Clothing retailer Next posted a 6 percent fall in first-half underlying same-store sales, in line with forecasts, and said it expected a similar decline in the second half amid a worsening economy.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:14
- Dubai group and Blackstone seen eyeing Informa
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LONDON (Reuters) - A Dubai sovereign wealth fund has teamed up with private equity group Blackstone and others in a bid to buy media group Informa , the Financial Times said on Wednesday.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 23:01
- Mexican energy
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An opposition party submits a rival energy-reform billMexico’s government continues its efforts to get lawmakers to support its energy reform proposals, following completion of a 71-day period of national and congressional debate on the issue. At the same time, both the major opposition parties have moved to wrest the political initiative away from the government of President Felipe Calderon. The centre-left Partido Revolucionario Institucional (PRI) has done so by putting forth its own energy-reform bill, while the leftist Partido de la Revolucion Democratica (PRD) has held an unofficial referendum to try to sabotage the reforms. The whole energy debate, already highly charged, has also become a proxy battle for political advantage….
Original Source:
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29 July, 2008| massmedia |
Comments (0) @ 23:00
- Stocks rally on bank rebound and weaker oil
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HONG KONG (Reuters) - Asian shares rallied on Wednesday as investors joined Wall Street’s optimism that the worst news from U.S. banks might be over and took heart from a strengthening dollar and falling oil prices.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 20:21
- SEC Extends Naked Short-Sale Ban
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Limit on shorting of 19 big financial stocks to last for another 10 days; regulator working on permanent rule….
Original Source: www.forbes.com
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29 July, 2008| massmedia |
Comments (0) @ 19:51
- BHP sees regulatory outcome on Rio bid by year end
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SYDNEY (Reuters) - Global miner BHP Billiton expects international regulators to complete their review of its $142 billion (71.7 billion pounds) bid for rival Rio Tinto by the end of 2008, it said in a letter sent to Rio Tinto shareholders. “We expect that the various regulatory processes will be completed by the end of 2008, after which we should be in a position to send the offer documents to you,” BHP Billiton Chairman Don Argus said i
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 17:30
- Credit crunch bites into UK fashion firms
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LONDON (Reuters) - The number of UK clothing, fashion and cosmetic retailers going into administration rose 21 percent in the first half of 2008 as the global credit crunch crimped consumer spending, a Deloitte report said.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 16:34
- Elan and Wyeth Alzheimer drug results mixed
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CHICAGO (Reuters)- Keenly awaited details on Elan and Wyeth’s new Alzheimer’s drug bapineuzumab show it raised the risk of a potentially serious side effect, but may help people who do not have a common genetic risk of the disease, the companies said on Tuesday.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 15:29
- Merrill Turns Its Luck Around
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The company’s profits rise on interest in its $8.5 billion public stock sale….
Original Source: www.forbes.com
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29 July, 2008| massmedia |
Comments (0) @ 15:20
- Merrill shares rise on capital increase
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NEW YORK (Reuters) - Merrill Lynch shares jumped nearly 8 percent on Tuesday after the bank agreed to sell a massive debt portfolio at a discount, raising investor hopes it was putting its problems behind it.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 14:32
- Boeing unions talk tough as strike looms
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NEW YORK (Reuters) - Boeing’s engineers and production line workers are taking an aggressive stand ahead of contract talks with the plane maker in coming weeks, leaving open the possibility of a strike as the company struggles to get its new 787 Dreamliner into the air.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 14:08
- Side effects mar Elan and Wyeth Alzheimer’s trial
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CHICAGO (Reuters)- Keenly awaited details on Elan and Wyeth’s new Alzheimer’s drug bapineuzumab show it raised the risk of a potentially serious side effect, especially in people with a genetic risk of the disease, the companies said on Tuesday.
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Original Source: feeds.reuters.com
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29 July, 2008| massmedia |
Comments (0) @ 14:02