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Standard Chartered Misses Previous 10% Growth Target

Standard Chartered Misses Previous 10 Pct Growth Target, Shares Slide

Standard Chartered said its first-quarter revenue rose less than its previous 10 percent target, as the strength of the US dollar against Asian currencies impacted income growth. The bank in February forecasted 'double-digit' growth in revenue and in earnings per share for this year.
Standard Life Plc Posts Rise in AUA

Standard Life Assets Under Administration Beat Expectations

Standard Life Plc posted an increased inflows into its long-term savings businesses for the first-quarter and assets under administration (AUA) exceeded expectations driven by continuing net inflows into its newer fee based propositions and positive market movements.
Ladbrokes Plc Bets on Internet Business

Ladbrokes Bets on Internet Business, Fitch Assigns 'Stable' Rating on Outlook

Recently Fitch Ratings revised its long-term outlook for Ladbrokes Plc, Britain's second-biggest bookmaker, to Stable from Negative with long-term IDR (Issuer Default Rating) at 'BB+' and short-term IDR at 'B'. The betting and gaming group is scheduled to release its first-quarter trading update on Thursday.
GKN PLC Earnings Performance

GKN Expects Robust Growth in FY 2012, Leads Race to Acquire Volvo Aero

Shares of GKN, a global engineering group, rose 4.7 percent last week as Credit Suisse raised its rating to "Outperform" from "Neutral" and sets price target at 240 pence though during last month the group's shares underperformed the sector by shedding 9.9 percent, compared to 8.2 percent decline for the sector.
AMEC PLC Earnings Performance

AMEC Expects Double-Digit Growth in FY 2012, But JP Morgan Cazenove Cuts Rating

AMEC Plc is expected to recommend a final dividend of 20.3 pence per share as it anticipates double-digit underlying revenue growth for the FY 2012, but JP Morgan Cazenove cuts its recommendation on the firm to "Neutral" from "Overweight" in a review of the European oil services sector and raises price target to 1,344p from 1,252p.
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Mothercare Shares Rise on Robust International Growth

Driven mainly by an increase of 18 percent in international retail sales, Mothercare has reported a rise of 4.5 percent in its worldwide network sales for the fourth quarter. Shares of the group rose as much as 3.10 percent at 0835 AM BST on LSE. But total group sales decreased by 4.2 percent with total UK sales down by 9.5 percent.