Search Results for: Shares
Lloyds profits fall on PPI claims
February 25th, 2016
Lloyds Banking Group has reported a 7% fall in annual pre-tax profits to £1.6bn compared with £1.8bn a year earlier. The bank increased provisions for payment protection insurance (PPI) compensation in the year to £4bn. That was after the City ...
Gold Prices Up On Investor Jitters
February 25th, 2016
Gold prices are trading higher on investor jitters, as lower oil prices and falling equity markets increase the appeal of this haven asset. Spot gold is up 0.55% at $1,236.77 a troy ounce in morning European trade. “It’s all ...
Potential merger of equals between Deutsche Börse AG (“Deutsche Börse”) and London Stock Exchange Group plc (“LSE”)
February 25th, 2016
Deutsche Börse: Further to recent speculation, the Management Board of Deutsche Börse and the Board of LSE confirm that they are in detailed discussions about a potential merger of equals of the two businesses (the “Potential Merger”). The Potential Merger ...
Standard Chartered Drops After First Annual Loss Since 1989
February 24th, 2016
Loan impairments almost double to $4 billion, highest ever CEO Winters says performance to remain `subdued’ in 2016 Bill Winters took more “painful” steps to turn around Standard Chartered Plc as the bank posted its first annual loss since ...
Asia trades lower as market sentiment falls, ASX slips 2%, Shanghai down 1%
February 24th, 2016
Asia stocks traded mostly down Wednesday morning, with a combination of low oil prices, concerns over China and weak overnight data weighing on market sentiment. In Japan, the benchmark Nikkei 225 retraced losses over 1.7 percent early on to trade down ...
HSBC Posts 4th-Quarter Loss and Comes Under S.E.C. Scrutiny
February 23rd, 2016
HSBC said on Monday that it lost money in the fourth quarter and warned that it was being investigated for hiring candidates with ties to government officials in the Asia-Pacific region. The lender, which is based in Britain but generates ...
FINRA Bars Broker for Market Manipulation
February 23rd, 2016
Supervisor Barred from Supervising, Suspended and Fined; Additional Broker Sanctioned The Financial Industry Regulatory Authority (FINRA) announced that it has barred broker George Johnson from the securities industry for engaging in a manipulative trading scheme to artificially inflate the ...
Asia loses steam as major markets trade lower
February 23rd, 2016
Asian stocks lost momentum Tuesday, trading mostly lower as the improved market sentiment which spurred a global rally Monday appeared to fade. Chinese markets, which started trading at 9.30 a.m. HK/SIN time, stayed in negative territory in afternoon trade, ...
Leucadia announced Fourth Quarter 2015 Results
February 22nd, 2016
Leucadia National Corporation (NYSE: LUK) announced its financial results for the three and twelve month periods ended December 31, 2015. Adjusted net income attributable to Leucadia National Corporation common shareholders, which excludes the operating results of Jefferies’ Bache business, was income of ...
Auto Trader swaps PwC for KPMG as auditor
February 22nd, 2016
ONLINE car dealership Auto Trader has appointed KPMG as its auditor, it has been confirmed. PwC, which has been Auto Trader’s auditor since 2004, will conduct the current year audit and stand down at the conclusion of the AGM in ...
