Shares in TSB jumped 3.2 per cent this morning, after it published figures showing profits had soared 28.8 per cent to £33.1m in the three months to 30 September as it picked up nearly one in 10 new current accounts in the UK.
TESCO could be forced to scrap its dividend and sell chunks of its global empire, after its credit rating was downgraded to one notch above junk, driving up the cost of borrowing and underlining its dire financial plight.
CARGIANT’S Geoff Warren owns 47 acres at Old Oak Common on which Premier League strugglers Queens Park Rangers want to build a new stadium. But, says Warren, it won’t happen. “We own the land. We are going to develop it.
Private equity firm KKR reported a lower-than-expected 27 per cent year-on-year drop in third-quarter profit yesterday as its holdings appreciated more than many analysts foresaw and it generated more cash by exiting its investments.
Samsung's UK president says a recent slowdown in smartphone sales is a sign that the market is saturated, and believes now is the time for the South Korean giant to double down on quality to continue its growth in a mature market.
Finnish technology and networking giant Nokia yesterday reported a strong third quarter, announcing a 13 per cent year-on-year growth in sales for Nokia Networks due to new deployments in North America and China.
FRENCH communications giant Publicis Groupe missed expectations for organic growth in its third quarter results yesterday, yet claimed the fact that 42 per cent of its overall revenue came from digital operations was a testament to its “vitality”.
OMG, known for providing imaging technology used in Hollywood flicks such as Gravity (pictured), has reported positive trading up to the close of its financial year, with results expected to be in line with market expectations.
Unilever yesterday promised investors that new, cheaper products would help it grow profits, even as reticent consumers dragged its sales growth in the third quarter to its weakest in nearly five years.
BRITAIN’S biggest media group Reed Elsevier yesterday said a four per cent rise in underlying revenue in the first nine months kept it on track to meet its goal of growing revenue and profit this year.
Fan manufacturer Volution Group has reported an 18 per cent increase in revenue during 2014, from £102m to £121m. Of this total, the company’s ventilation segment posted revenue of £101m, up 23 per cent on last year.
BOOKMAKER Ladbrokes said it was on track to meet financial targets for the year after reporting a 94 per cent jump in operating profits during its third quarter, relieving the pressure on chief executive Richard Glynn.
BRITAIN’S top equity index recovered yesterday and ended slightly higher, tracking a broad rally in US stocks following some strong earnings results, although a slump in Tesco and Unilever capped gains.
Shares in Microsoft went up by 2.1 per cent to $45 in after-hours trading this evening, after the multinational software giant reported a strong performance across its commercial and consumer businesses for the third quarter.
Even among the most experienced investors, a thoughtfully placed information pyramid and the carefully timed disappearance of a thought bubble can work wonders in convincing them that a company is worth getting involved in.
Credit agencies Fitch and Moody's have downgraded Tesco's rating – with the latter saying it could be dropped further to junk status depending on the outcome of the ongoing investigation into its accounting practices.