American International Group Inc. posted a loss for the fourth quarter but the Insurer managed to keep it down comparing to the loss reported in the same period last year. The loss reported in the fourth quarter ended December 2009 was mainly attributable to the charges tied to paying down its bailout debt and boosting [...]
Feb
26
2010
26
2010
Feb
25
2010
25
2010
RSA confident on prospects; profit beats forecasts
Britain biggest commercial insurer beat the Wall Street expectation by reporting operating results ahead of expectations.
Company reported a fall in the profit before tax by 27% to £554 million was as its gross premium reported an increase to £7.74 billion from £7.27 billion for the same period of previous financial year.
According to the officials [...]
Feb
25
2010
25
2010
Feb
22
2010
22
2010
Record profits for Centrica after big freeze
A rise to near-record profits has been expected for Centrica, the lead gas owner from Scotland. It has been a relief for the company after the sharp decline of retail sales due to rise in value added tax and terrible snowfall in Britain last month.
After the rise in VAT back to 17.5% after 13 months [...]
Feb
21
2010
21
2010
BlueBay profit up
BlueBay had announced that the investor’s enthusiasm for a broader range of bond products had enhanced pre-tax profits by more than 200%. BlueBay Asset Management is the famous UK fixed-income house. According to BlueBay the pre-tax profit had bounced to 26 million pounds in its first half. Singer Capital Markets had forecasted a pre-tax profit [...]
Feb
19
2010
19
2010
Mild recession hit for Nestle
Consumers Buy Less Water in the time of recession. This had affected Nestlé’s revenue growth. The bottler of Perrier and Vittel Nestle SA had seen a sluggish revenue growth in the year 2009. According to the Company it is due to the changing buying behavior of the consumers at the time of recession. The recession [...]
Feb
19
2010
19
2010
Feb
18
2010
18
2010
ASX remains optimistic, little decline in profit in the first half
Australian stock exchange operator ASX Ltd. posted a decrease of 2.3% in the first half net profit comparing to the previous first half. The profit in the first half decreased as the operator reported a decline in its interest income from the high levels in the time of global economic slowdown.
The Sydney based company [...]
Feb
18
2010
18
2010
HP’s December results exceeds forecast, ups guidance
Hewlett-Packard – the largest personal-computer maker, fiscal first quarter beat profit and sales estimates for November-December quarter, buoyed by holiday orders and businesses starting to replace their aging technology.
The Palo Alto, California-based company posted a solid 25 per cent first-quarter profit of $2.32 billion, up from $1.86 billion, for the same period a year [...]
Feb
18
2010
18
2010