Homeserve sets out costs of mis-selling probe November 22, 2011 Home maintenance and insurance specialist Homeserve has seen pre-tax profit rise ten per cent in the six months to the end of September, but warned that its customer numbers and income would be hit by its telesales ban over mis-selling concerns. Homeserve said adjusted pre-tax profit was up to £23.5m, from £21.3m in the same [...]
Homeserve sets out costs of mis-selling probe November 22, 2011 Home maintenance and insurance specialist Homeserve has seen pre-tax profit rise ten per cent in the six months to the end of September, but warned that its customer numbers and income would be hit by its telesales ban over mis-selling concerns. Homeserve said adjusted pre-tax profit was up to £23.5m, from £21.3m in the same [...]
Japan’s Tokyo and Osaka stock exchanges in $4.1bn merger November 22, 2011 Japan’s two major stock exchanges, Tokyo and Osaka, are to merge in a $4.1bn (£2.6bn) deal in 2013 to create the third-biggest market in the world by domestic listings. The new exchange will hold listed stocks worth about $3.6 trillion, behind only NYSE Euronext, which has stocks valued at $12 trillion and Nasdaq OMX at [...]
Japan’s Tokyo and Osaka stock exchanges in $4.1bn merger November 22, 2011 Japan’s two major stock exchanges, Tokyo and Osaka, are to merge in a $4.1bn (£2.6bn) deal in 2013 to create the third-biggest market in the world by domestic listings. The new exchange will hold listed stocks worth about $3.6 trillion, behind only NYSE Euronext, which has stocks valued at $12 trillion and Nasdaq OMX at [...]
China doubles HK yuan swaps to offer relief valve November 22, 2011 China’s central bank has doubled the size of a currency swap with Hong Kong to 400 billion yuan (£40bn), a move aimed at giving the financial centre a bigger relief valve to cope with rising demand for trade settlement in the currency. The expansion will also boost confidence that Beijing intends to internationalise the yuan, [...]
China doubles HK yuan swaps to offer relief valve November 22, 2011 China’s central bank has doubled the size of a currency swap with Hong Kong to 400 billion yuan (£40bn), a move aimed at giving the financial centre a bigger relief valve to cope with rising demand for trade settlement in the currency. The expansion will also boost confidence that Beijing intends to internationalise the yuan, [...]
De La Rue profit boosted by currency unit growth November 22, 2011 Banknote printer De La Rue has posted a 22 per cent rise in first-half profit, helped by growth at its key currency business, and said its turnaround plan was on track. The world’s largest outsourced banknote printer, which produces over 150 national currencies, has reported a profit before tax and exceptional items of £29m on [...]
De La Rue profit boosted by currency unit growth November 22, 2011 Banknote printer De La Rue has posted a 22 per cent rise in first-half profit, helped by growth at its key currency business, and said its turnaround plan was on track. The world’s largest outsourced banknote printer, which produces over 150 national currencies, has reported a profit before tax and exceptional items of £29m on [...]
Thomas Cook shares collapse on debt update November 22, 2011 Shares in holiday operator Thomas Cook have plunged by more than half upon the market opening this morning after a shock announcement warning that its trading is so bad it is struggling to meet its borrowing commitments. The travel group said it had to delay the announcement of its full-year results while it talks to [...]
Lloyds names interim chief executive November 21, 2011 Lloyds Banking Group has said it expects chief executive António Horta-Osório to be back in his job by the end of the year, but also named an interim group chief executive should the planned return fall through. In a statement, the bank said Horta-Osório was making “good progress in his recovery” from fatigue due to [...]