Murray faces Berdych in Monaco April 19, 2012 TENNIS: Britain’s Andy Murray will play Tomas Berdych in the Monte Carlo Masters quarter-finals today after the Scot’s third-round opponent Julien Benneteau retired hurt.
Debt cliff looms for BoA despite profits boost April 19, 2012 BANK OF America said yesterday that it faces a $34bn refinancing cliff in the next eight weeks but reported a boost to trading volumes that brought its global markets back into profit after a dismal fourth quarter of last year. Overall, the bank saw a sharp drop in profits, with net income falling from $2bn [...]
Morgan Stanley reports rise in profits on strong bond trading April 19, 2012 A SURGE in trading activity, particularly in bonds, lifted Morgan Stanley’s profits during the first quarter of this year, the bank revealed yesterday. Unlike most of its rivals, Morgan Stanley outdid its first quarter last year, with its profits rising from $1.1bn to $1.4bn, once the effect of an accounting loss was stripped out. The [...]
Russia threatens to sue TNK-BP over alleged oil spills in Siberia April 19, 2012 BP’s joint venture in Russia was last night threatened with legal action from the government in connection with alleged oil spills in Siberia. Shares in TNK-BP, which accounts for 29 per cent of BP’s total production and 27 per cent of its reserves, slumped five per cent after natural resources and ecology minister Yuri Trutnev [...]
Blackstone hit by 24pc profit drop as fees fall April 19, 2012 BLACKSTONE’S shares plunged over four per cent yesterday wiping out most of their gains for the year after the private equity giant revealed a near 25 per cent drop in profit for the first quarter. Economic net income (ENI), a measure of profitability which includes changes in its portfolio value, fell by $138.7m to $432.3m [...]
Hargreaves Lansdown shares soar as assets reach record high April 19, 2012 HARGREAVES Lansdown was the biggest riser on the FTSE 100 yesterday after assets under management surged to a record level at the start of the year. The investment firm brought in a £1bn net inflow of new funds in the first three months of 2012. Total assets under administration, including the lift from investment performance, [...]
Jupiter funds boost as investors recapture their taste for risk April 19, 2012 ANALYSTS backed Jupiter Fund Management yesterday despite net outflows in the first three months of the year. The firm reported a surprise £55m of new money into its mutual funds business in the quarter. Assets under management hit £24.2bn at the end of March, up £1.4bn, or six per cent, compared to three months earlier [...]
WH Smith plots overseas units to beat UK dip April 19, 2012 WH SMITH plans to press on with its expansion of lucrative train and airport divisions and overseas units, after they helped the retailer buck the gloom on the high street. The newspaper, books and stationary retailer saw profit before tax jump three per cent to £66m in the six months to the end of February [...]
Travel hub strategy could be too late April 19, 2012 IT is tough out there for everyone on the high street, but things are particularly unpleasant for WH Smith. In an age of digital music downloads and film streaming, it sells CDs and DVDs. In an era of electronic communication, it sells stationary. At a time of declining circulation for paid-for newspapers and magazines, it [...]
MURDOCH TO FACE LEVESON INQUIRY April 19, 2012 NEWS Corp boss Rupert Murdoch will appear before the Leveson Inquiry on Wednesday and Thursday next week, while his son James Murdoch will appear on Tuesday, it was confirmed yesterday. Rupert Murdoch will be questioned about practices at his British newspapers in the light of the phone-hacking scandal that resulted in the closure of News [...]
