All posts tagged Finance

Lloyds selling retail branches in auction

Lloyds terminates exclusivity with Co-op and invites others to join £2bn race for retail branches

British lender Lloyds Banking Group Plc (LON:LLOY) said on Friday that after receiving fresh interest from NBNK Investments Plc (LON:NBNK) for its retail and commercial business Project Verde it had decided to end the exclusivity agreement with the Co-operative Group …

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ShanghaiChina

Bank of China reports a rise first quarter profit by 9.82%

Bank of China (SHA:601988) said today its after-tax profit, reported under International Financial Reporting Standards (IFRS), rose by 9.82% year-on-year to CNY38.447bn (USD6.1bn/EUR4.6bn) in the first quarter of 2012, driven

Banks not helping small businesses

Barclays’ first quarter profit of £2.45bn beats analyst expectations

UK bank Barclays plc (LSE:BARC) announced today that its underlying pre-tax profit for the first quarter of 2012 grew 22% to GBP2.45bn, above analysts' forecasts of GBP2.0bn, with

Woori Bank expands into India to support Korean firm operating in the conuntry

South Korean Woori Bank follows Korean manufactures to India

South Korean financial institution Woori Bank has entered the Indian market through the opening of its first office in Chennai in the southern part of the country. Woori Bank wanted to set foot in India in 2007

dennyslogo

US restaurant operator Denny’s reduces interest payments by USD5m via refinancing

US restaurant chain Denny’s Corporation (Nasdaq:DENN) has secured a new five-year USD250m senior secured bank credit facility, consisting of a USD190m term loan and a USD60m revolving line

JP Morgan

JP Morgan beats estimates with strong first quarter

JP Morgan (JPM:NYSE) have announced their first quarter results with revenues increasing 24 percent to $27.4 billion beating expectations of $24.4 billion, but net income decreased from $5.6

European flag

Italy and Switzerland: Neighbours, but Worlds apart

Italy and Switzerland may share a mountainous border, but the two countries could not be further apart when it comes to their economies and how the financial markets

Plus Markets in talks with potential buyers

UK-listed companies increased dividends in 2011

British firms paid out higher dividends last year, according to a new analysis released today by stockbroker Shore Capital. The report includes 191 of the largest companies quoted on

Council tax frozen

Tax and benefit changes take effect in the UK on Good Friday

Tax changes introduced by the UK Chancellor George Osborne will take effect on Friday and Shadow Chancellor Ed Balls claimed today that the changes will leave the average

Consistency is the Key to Successful Forex Trading

The Forex market is in a constant state of flux. Its liquidity is the very thing that helps Forex traders turn profits when they get it right. It

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