BBVA profits fall October 26, 2011 Profits at BBVA fell more than expected in the first nine months of the year, Spain’s second-biggest bank reported on Wednesday, as volatile financial markets depressed trading revenues in the third quarter. Net profits fell 14 per cent to 3.14bn euros ( £2.7bn) missing the average market forecast of 3.21bn euros. Excluding the hit on [...]
SocGen says it would turn to shareholders rather than taxpayers for funds October 26, 2011 Societe Generale could turn to its own shareholders if it ever needed to raise additional capital and has no need for government funds, its chief executive said. “If we ever needed it, which I doubt, we could call for funds from our shareholders, and in any case we won’t seek public funds,” Frederic Oudea told [...]
Olympus chairman steps down over scandal October 26, 2011 Japan’s scandal-hit Olympus Corp said its chairman and president Tsuyoshi Kikukawa has stepped down due to a series of media reports on the company’s problems and a plunge in its share price. Shuichi Takayama, a managing director of the company, was appointed to replace him as president. Kikukawa had taken over as Olympus’s chief executive [...]
Everything Everywhere says customer base stabilising October 26, 2011 Britain’s biggest mobile operator Everything Everywhere posted lower revenue in the third quarter due to regulatory cuts but said its customer base was stabilising while it was also making good progress in cost-cutting. The company, which runs T-Mobile and Orange brands in the UK, said its total customer base shrunk by 1.4 per cent to [...]
BAT sales increase with price hikes October 26, 2011 British American Tobacco, the world’s second-biggest cigarette maker, increased its sales by seven per cent in the first nine months of the year after raising prices to offset a decline in overall demand. The London-based maker of Kent, Dunhill, Lucky Strike and Pall Mall cigarettes said price rises, good performances from these top four brands [...]
BAA earnings rise fuelled by Heathrow October 26, 2011 BAA reported a 17 per cent rise in earnings in the first nine months of the year, helped by strong traffic growth, especially at London’s Heathrow airport. BAA, majority owned by Spanish infrastructure group Ferrovial, said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to £842.2m in the nine months to the end [...]
FA investigate Terry racism claim October 25, 2011 ENGLAND and Chelsea captain John Terry last night vowed to clear his name after being placed under investigation by the Football Association over allegations he racially abused QPR defender Anton Ferdinand. The FA announced they would begin to make enquiries after receiving a complaint about the alleged incident (right) in Sunday’s west London derby between [...]
Villas-Boas sticks by ref criticism October 25, 2011 CHELSEA boss Andre Villas-Boas is unrepentant over his criticism of referee Chris Foy in Sunday’s defeat at QPR, despite being asked to explain his remarks to the Football Association. Villas-Boas insists Foy, who sent off Didier Drogba and Jose Bosingwa and booked seven Chelsea players, was “card happy” and “extremely unfair”. “I don’t think I [...]
Eastern promise offered by Park and Arshavin October 25, 2011 ARSENAL 2 vs BOLTON 1 ARSENAL manager Arsene Wenger believes Park Chu-Young is ready to make a significant impact in the Premier League after the Korea international struck his first goal for the club in last night’s Carling Cup win over Bolton. The Trotters stunned an impressive crowd of over 56,000 at Emirates Stadium with [...]
Owen responds to United’s ‘kick in the teeth’ October 25, 2011 ALDERSHOT 0 vs MAN UNITED 3 MANCHESTER UNITED striker Michael Owen admitted his side were still coming to terms with the 6-1 mauling they suffered at the hands of Manchester City on Sunday after he contributed to the first step on the road to recovery with a goal in last night’s Carling Cup win at [...]
