GDP growth slows to 0.2 per cent July 26, 2011 Growth in the UK economy stuttered in the three months to 30 June. Gross Domestic Product (GDP) grew by 0.2 per cent in the second quarter, according to the Office for National Statistics. That compared with 0.5 per cent in the previous three months, but contracted by 0.5 per cent in the last three months [...]
Deutsche Bank hit by lower trading volumes July 26, 2011 Deutsche Bank’s quarterly pre-tax profit missed expectations, hit by lower trading volumes just as the flagship lender named Anshu Jain and Juergen Fitschen co-chief executives. Germany’s biggest lender said that second-quarter pretax profit rose to 17 percent to 1.8bn euros (£890m), compared with a forecast for 1.97bn in a Reuters poll. While it said it [...]
BG earnings jump 27pc July 26, 2011 Gas and oil firm BG Group said profits jumped 27 per cent year-on-year in the second quarter on higher commodity prices and as production returned to growth after being hit by North African unrest. BG, which is undertaking major projects to develop oil and gas reserves in Brazil and Australia, posted underlying earnings of (£685.39M) [...]
BP reports $5.3bn profit for quarter July 26, 2011 BP made profits of $5.3bn (£3.2bn) in the three months to 30 June a sit seeks to recover form the Gulf of Mexico oil spill disaster. Higher oil prices offset lower production Bp said as it unveiled the results. The so-called replacement cost profit compares with a loss of $17.0bn in the same quarter of [...]
UBS to cut costs as it misses targets July 26, 2011 Swiss bank UBS said it would slash costs and admitted it would miss targets set in 2009 after reporting disappointing second quarter profits hurt by sluggish markets and a strong franc. The bank said it would cut costs by 1.5bn – 2bn Swiss francs (£890m – £1.2bn) in the next two to three years and [...]
Ferguson: I’m finished spending July 25, 2011 MANCHESTER UNITED boss Sir Alex Ferguson has appeared to rule out a move for Inter Milan’s Wesley Sneijder by declaring his summer transfer business all but over. Holland playmaker Sneijder has been touted as the missing piece in Ferguson’s jigsaw, with former Old Trafford star David Beckham among those backing a move for him. United [...]
Barca chief: Fabregas talks going in the right direction July 25, 2011 BARCELONA chiefs insist they are closing in on a deal for Arsenal captain Cesc Fabregas despite committing £33m to signing Chile forward Alexis Sanchez. The Spanish club’s sporting vice-president, Josep Maria Bartomeu, said long-running and tense negotiations with the Gunners were now progressing well. “They are going in the right direction,” he said. “We will [...]
FIVE-STAR ANDERSON FIRES ENGLAND July 25, 2011 Paceman blitzes India to earn 196-run victory and take series lead against the No1 ranked Test team in the world ENGLAND captain Andrew Strauss momentarily abandoned his characteristic restraint after seeing his team eclipse India, the world’s finest, at Lord’s yesterday, hailing what he termed an almost perfect bowling display. Paceman James Anderson starred on [...]
Cricketmania as Lord’s inundated July 25, 2011 REPORTS of the death of Test cricket are greatly exaggerated – if the sell-out crowd who flocked to pack out Lord’s yesterday are anything to go by. Discounted tickets for the final day of a nail-biting first match between England and India drew swarms of cricket lovers to north-west London, where queues snaked all the [...]
Dhoni: If it could go wrong, it did July 25, 2011 INDIA captain Mahendra Singh Dhoni blamed injuries and illness for their defeat to England in the first Test. Key bowler Zaheer Khan missed most of the match with a hamstring strain while star batsman Sachin Tendulkar was hindered by a virus. “Most of the things that could have gone wrong in the game went wrong,” [...]
