LONDON (Alliance News) - <strong>GlaxoSmithKline</strong> PLC Wednesday reported a drop in revenue and net profit for the first quarter due to asset sales and a decline in sales of pharmaceuticals in the US, but the company also raised its dividend and reiterated its full-year profit guidance Read More
LONDON (Alliance News) - The following is a summary of top news stories Wednesday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>Royal Dutch Shell</strong> said its earnings almost halved in the first quarter of the year, as it wrote down some of the value of its Read More
LONDON (Alliance News) - Shares have opened flat to higher Wednesday ahead of big day of economic data in Europe and the US, as well as the results of the US Federal Open Market Committee meeting.<br /><br />Clothing and homeware retailer <strong>Next</strong> PLC raised its profit and sales g Read More
LONDON (Alliance News) - Barclays PLC is to create a "bad bank" to transform its investment banking operations, according to the Financial Times Tuesday. British bank Barclays is expects to announce the creation of an internal bad bank next week, into which it will put all its bad assets.</ Read More
LONDON (Alliance News) - The Bank of England Tuesday said it will test whether some of the UK's biggest banks and building societies are able to withstand scenarios including a house price collapse or a sharp rise in interest rates, as it detailed its future so-called stress tests. Institut Read More
LONDON (Alliance News) - Barclays PLC Tuesday said the chief executive of its Americas unit, Skip McGee, will step down at the end of this month as the bank prepares for new US rules that require it to set up an intermediate holding company in the country by July 2016. Barclays said the new Read More
LONDON (Alliance News) - Equity indices across the UK and Europe opened lower and stayed lower Friday, finishing a muted day of trading in the red ahead of a weekend likely to bring further developments in the simmering conflict between Russia and Ukraine.<br /><br />The economic effect of tha Read More
LONDON (Alliance News) - The following is a summary of top news stories Friday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br />The<strong> Royal Bank of Scotland</strong> Group PLC warned of commercial risk after it said UK Financial Investments, the entity responsible fo Read More
LONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.<br /><br /><strong>William Hill</strong> said it will close 109 gaming shops in response to the UK government's hike to machine gaming duty, putting 420 employees at risk. William Read More
LONDON (Alliance News) - The Royal Bank of Scotland Group PLC Friday warned of commercial risk after it said UK Financial Investments, the entity responsible for the government's stake in the bailed-out bank, has said it will block any proposal allowing the lender to pay bonuses up to 200% of fix Read More
LONDON (Alliance News) - The Federal Housing Finance Agency or FHFA, as conservator of Fannie Mae and Freddie Mac, Thursday announced a settlement with Barclays Bank PLC, related companies and some individuals for USD280 million. The settlement resolves claims, in two lawsuits, alleging vio Read More
LONDON (Alliance News) - Barclays PLC's strategic cost management programme has partially offset challenging first-quarter for the investment bank's fixed income, credit, and commodities (FICC) business, and is expected to result in only a small reduction in adjusted pretax profit for the group, Read More
LONDON (Alliance News) - Barclays PLC's strategic cost management programme has partially offset challenging first-quarter for the investment bank's fixed income, credit, and commodities (FICC) business, and is expected to result in only a small reduction in adjusted pretax profit for the group, Read More
LONDON (Alliance News) - <strong>AstraZeneca</strong> shares jumped Thursday after the pharmaceutical giant maintained its full-year guidance for 2014, even as its pretax profit dropped in the first quarter to end-March, hit by write-downs on the sale of its Alderley Park site and its acquisit Read More
LONDON (Alliance News) - Barclays PLC's strategic cost management programme has partially offset challenging first-quarter for the investment bank's fixed income, credit, and commodities (FICC) business, and is expected to result in only a small reduction in adjusted pretax profit for the group, Read More
LONDON (Alliance News) - The following is a summary of top news stories Thursday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br /><strong>AstraZeneca</strong> PLC maintained its full-year guidance for 2014, as it saw pretax profit drop in the first quarter to end-March, hi Read More
LONDON (Alliance News) - Barclays PLC's strategic cost management programme has partially offset challenging first-quarter for the investment bank's fixed income, credit, and commodities (FICC) business, and is expected to result in only a small reduction in adjusted pretax profit for the group, Read More