Prudential's Booming Asia Business Offers Insurance for Damp UK Market in First Quarter
Britain's biggest insurer Prudential has reported a solid 9 percent sales growth in the first quarter, underpinned by a booming Asian business and despite a declining UK market.
Executive Pay Reforms: Andrew Moss, Alison Carnwath and the Remuneration Committee Rubber Stamps
As yet more rows start over executive pay, IBTimes UK looks at the issues around salary-setting remuneration committees and the calls for their reform.
Diageo Reports Strong Q3 Sales, Expects Weak Dollar to Impact FY Profits Adversely
Diageo Plc said its net sales increased 11 percent for the third quarter ended March mainly due to the acquisitions of Mey Icki, Serengeti Breweries and Meta Abo Breweries.
BSkyB Bounces Back with Record Profit as Broadband Growth Surges
Murdoch-controlled pay-tv group tops forecasts for sales, earnings despite controversy over News International business
BSkyB Shares up Despite MPs Declaring Rupert Murdoch 'Not a Fit' Owner
BSkyB shares lifted despite a report by the Culture, Media, and Sport Select Committee heavily criticising both Rupert and James Murdoch.
Man Group Shares Plunge as Slowing Client Outflows Can't Offset Investor Ire
Hedge Fund Group's share price plunges further in London as takeover talk dismissed by CEO
Lloyds Shares Extend Gains as Scottish Widows Bid Speculation Mounts
Stock gets biggest boost since January after solid earnings and lower impairment charges
Lloyds Gets 'Multibillion' Pound Bid for Scottish Widows: Report
Bank says insurance group 'core' to Lloyds ongoing business but refuses comment on market speculation about Duke Street Capital bid.
Aberdeen Asset Management Shares Hit 10-Year High After First Half Profit Release
Aberdeen Asset Management's portfolio nears £185bn as group ups dividend by 4.4 percent
Aberdeen Asset Management Set to Deliver Strong H1 Performance, Added to Brokers 'Buy' List
Driven by the recovery in investor confidence and risk appetite, Aberdeen Asset Management reported net new inflows of £1.4 billion during the first two months of 2012. The group is scheduled to release its interim results for the six months ended March 31 on Monday, April 30.
Harvey Nash to Beat Full-Year Forecasts; Better Placed than Peers to Prosper, Says Panmure Gordon
Harvey Nash Group raised its profit outlook as it expects full-year results to be ahead of expectations, driven by skills shortages in niche markets and fast growing digital and mobile markets which continue to boost demand for technology professionals.
WPP Q1 Earnings Beat Expectations, Raises Full-Year Guidance
WPP PLC has posted a rise of 7.6 percent in its first-quarter revenues at £2.392 billion, as it achieved growth in all regions and business sectors, particularly in Asia Pacific and Latin America.
Aegis Group Records Robust Organic Growth in First-Quarter
Aegis Group Plc has reported a rise of 16.3 percent in its total revenue for the first-quarter in constant currency and 17.0 percent at reported rates.
Electrolux Q1 Sales Rise on Acquisitions and Latin American Growth
Electrolux AB reported a record growth in its first-quarter sales, primarily driven by the acquisitions of CTI and Olympic Group and robust organic growth in Latin America.
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.
Premier Foods Q1 Sales Rise Slightly, Shares Rise Despite Divestment and Job Cuts
Premier Foods reported a slight rise in its first-quarter sales and said its cost reduction and restructuring programme was on track.
BSkyB Shares Dip As Ex-Chairman James Murdoch Appears At Leveson Inquiry
BofA Merryl Lynch also cut its rating of BSkyB stock, knocking the price, as James Murdoch is grilled at the Leveson inquiry.
Vodafone Group Agrees £1bn Takeover Deal of Cable & Wireless
Vodafone nabs C&W to gain access to UK's largest fibre network after rival Tata drops out of running.
Debenhams Shares Rise On Strong Sales, Buyback Plans
Department store group posts solid earnings, but says Olympics, Jubilee celebrations will hit second-half trading
Emerging Markets Help SABMiller Drive Growth, Moody's Upgrades Foster's Rating
Global brewer sees Latin America, Africa sales offset European slowdown
ASML Holdings Shares Plunge on Weak First-Quarter Earnings
ASML Holdings NV reported a drop in its first-quarter earnings by 24 percent, as its backlog orders from top clients such as Intel and Samsung shrinked. Shares of the group fell as much as 3.5 percent at 0928 AM CEST on Amsterdam Stock Exchange.
Fresnillo Silver Production Meets Output Expectations in Q1, Gold Production Soars
The world's largest primary silver producer said its silver output for the first quarter met expectations, while its gold output exceeded them.
Tesco Pre-Tax Profits Rise, Invests £1 Billion to Improve UK Stores
Tesco posted a rise in its underlying pre-tax profits of 1.6 percent to £3.9 billion and announced it will spend over £1 billion to make the UK shopping trip better for customers.
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.
Marks and Spencer Shares Plunge on Britain Sales Fall and Stock Shortage
Marks and Spencer has reported a drop in its UK like-for-like sales by 0.7 percent for the 13 weeks ended in March, but reported a growth in food sales by 1 percent. Analysts forecasted a rise of 0.4 - 1.6 percent.
Burberry Shares Slide As Group Reports Solid Sales, Outlook Ahead of Earnings
Raincoat maker sees 18 percent pop in second half sales; investors book profits
Strong Order Book Helps AMEC to Deliver Double-Digit Revenue Growth in 2012
AMEC has said its trading year-to-date is in line with expectations with good order book of £3.7 billion at the end of December 2011 and forward visibility.
Punch Taverns First-Half Pre-Tax Profits Slide
Punch Taverns reported a fall of 20 percent in its profit before tax for the six months ending in March at £33 million compared to £41 million a year ago. But expects expects to reap benefits during the second half of the current year from the Queen's Diamond Jubilee, the UEFA European football championship and the Olympic Games.
Hays Shares Shot Up on Q3 Net Fees Rise; Secures 'Buy' Rating from Jefferies
Hays Plc has posted a rise of 10 percent in its net fee for the third quarter and growth of 18 percent in international business, which accounts for 70 percent of total net fees.
Aggreko First Quarter Revenue Soars, Inks 100 MW Gas Deal
Aggreko has reported a very strong first quarter growth in both International Power Projects and the Local businesses delivering an underlying revenue over 20 percent.