LONDON (Alliance News) - HSBC Holdings Wednesday reported a 20% drop in first-quarter pretax profit, driven by a weak performance Asia, Latin America and its investment bank, that was only partially offset by lower impairment charges and continued cost cutting. In a Read More

UK WINNERS & LOSERS: Legal & General Leads On Confidence In Annuities

7th May 2014 12:07

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS ------- Legal & General Group, up 3.2%. The group said it expects to write more Read More

CORRECT: MARKET COMMENT: FTSE 100 Continues Decline For Second Day

7th May 2014 10:33

(Clarifying misleading headline in an item published at 10:45 BST. The correct version follows.) LONDON (Alliance News) - The FTSE 100 is trading lower Wednesday, extending the modest losses it posted on Tuesday, as investors take their cues from a negative Asian session amid a dearth of fr Read More

TOP NEWS: HSBC Profit Falls 20% In First Quarter With Asia Weak

7th May 2014 10:29

LONDON (Alliance News) - The following is a summary of top news stories Wednesday. ---------- COMPANIES ---------- HSBC Holdings PLC reported a 20% drop in first-quarter pretax profit driven by a poor performance in its heartland of Asia, p Read More

MARKET COMMENT: UK Stocks Continue Decline For Second Day

7th May 2014 09:45

LONDON (Alliance News) - UK stocks are trading lower Wednesday, extending the modest losses posted on Tuesday, as investors take their cues from a negative Asian session amid a dearth of fresh UK macroeconomic data. By mid-morning, the FTSE 100 is down 0.3% at 6,779.58, the FTSE 250 is down Read More

UK MORNING BRIEFING: King Bows Out Of Sainsbury's With Profit Rise

7th May 2014 07:26

LONDON (Alliance News) - Shares have opened lower Wednesday amid continued concerns about the deteriorating situation in Ukraine and some disappointing data from China and Europe. In his last annual results presentation as Sainsbury's chief executive, Justin King re Read More

ITV Acquires Controlling Stake In Leftfield Entertainment

7th May 2014 07:14

LONDON (Alliance News) - ITV PLC said Wednesday it has agreed to acquire a controlling stake in Leftfield Entertainment Group in a USD360 million cash deal. ITV has acquired 80% of Leftfield, US independent producer of reality programmes, from its founder and Chief Executive, Brent Montgome Read More

MARKET COMMENT: FTSE 100 Ends April In The Black

30th Apr 2014 16:29

LONDON (Alliance News) - The FTSE 100 closed marginally higher Wednesday, adding to gains posted on Monday and Tuesday, and ensuring that the blue-chip index closed the month of April firmly higher than it opened it. Meanwhile, it was a volatile day in the forex market following a Read More

UK WINNERS & LOSERS: Shell, Tullow Oil Lead FTSE 100 Risers

30th Apr 2014 11:43

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS ------- Royal Dutch Shell, up 4.7%. The oil and gas giant said its earnings almost Read More

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