Posts Tagged ‘results’
Coventry Building Society announces record results
Coventry Building Society, which is scheduled to finalise its merger with smaller rival Stroud & Swindon next month, has today announced record results for the six months ending June 30. The UK’s third largest building society said pre-tax profit grew by 20% to £43.5 million – compared with £36.2 million in the same period a [...]
Travel chaos looming as BAA votes for strike action
Holidaymakers could be facing further travel chaos after it emerged that airport operator, BAA, has voted for strike action. The results of the ballot are expected later today and Unite members who include fire-fighters, security staff and ground staff at airports, are in a dispute over pay. BAA, which is majority owned by Spain’s Ferrovial, [...]
Companies making “real progress” in profit rebuilding
According to a study by professional services firm Deloitte, 76% of companies in the UK, US and Europe have exceeded City forecasts when reporting their second quarter profits. As a result of the findings of the study which looked at 543 firms, Deloitte said companies are making “real progress” but warned that consumer incomes and [...]
RBS ready to sell WorldPay
As part of its restructuring plan, the Royal Bank of Scotland (RBS) is preparing to sell its payment processing company, WorldPay, just days after it announced the sale of its Williams & Glyn’s branch network. Private equity firms, Advent International and Bain Capital, have been in talks to buy WorldPay since last month, according to [...]
HSBC kicks off banking reporting season with doubling of profits
The UK’s banking reporting season has got off to a flying start today after banking giant HSBC reported profits more than doubled, exceeding analysts expectations.
Europe’s largest bank has today announced a pre-tax profit of $11.1 billion (£7 billion) for the six months to the end of June, compared with $5 billion in the same period [...]