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Spain's rescued Bankia seen in profit despite economic woes

April 24, 2013 06:30
MADRID (Reuters) - Spain's biggest bailed-out lender Bankia <BKIA.MC> should show the first fruits of a painful clean-up later on Wednesday, when it is expected to post a return to profit even as bad debts stay high and a recession weighs on revenues. Bankia, which came to symbolise Spain's banking crisis after making record 19.2 billion euro (16 billion pounds) losses in 2012, will benefit from a relatively clean slate after transferring troubled real estate assets to a state-backed "bad bank".

Barclays investment bank boss cashes in $25 million share award

March 20, 2013 12:31
LONDON (Reuters) - Rich Ricci, the head of Barclays' investment bank, has sold shares worth almost 17 million pounds straight after receiving them under previous deferred bonuses or long-term share awards. Barclays said on Wednesday Ricci was awarded 5.7 million shares on Tuesday and had sold them all. By 1554 GMT Barclays shares were down 1.3 percent at 294 pence, valuing the stake at 16.8 million pounds.

Dollar falls against the yen; bond yields decline

March 13, 2013 11:45
By Leah Schnurr NEW YORK (Reuters) - The U.S. dollar tumbled against the yen on Friday after the Bank of Japan left its monetary policy unchanged, while benchmark U.S. bond yields fell to near 4-1/2-month lows after the U.S. economy grew less than expected in the first quarter.

CORRECTED-UPDATE 2-Aggreko shares jump on dividend hike, reassuring outlook

March 7, 2013 07:30
(Corrects quote in paragraph 8 to 'million' from 'billion') * 2012 FY profit 365 mln stg vs 327 mln a yr ago * Raises dividend by 15 pct * Expectations for 2013 unchanged * Flags double-digit growth in revenue over 5 yrs * Shares up 14 percent By Lorraine Turner

UPDATE 1-Wealth manager St James's Place ups dividend by a third

February 28, 2013 05:00
* Full year dividend up 33 pct to 10.64 pence * Profit before shareholder tax 134.6 mln stg, up 23 pct * New business profit up 13 pct at 276.8 mln stg By Chris Vellacott LONDON, Feb 28 (Reuters) - British investment manager St James's Place has raised its dividend by a third and plans a similar increase in the coming year, channelling the benefits of robust business flows to shareholders.

GLOBAL MARKETS-Asian shares recover from steep loss, growth worry caps

February 21, 2013 20:45
* MSCI Asia ex-Japan up 0.2 pct, Nikkei closes up 0.7 pct * Australia shares jump after RBA makes upbeat comments * Markets recover from 2013 lows * Euro steadies after Thursday's multi-week lows * European shares likely rebound By Chikako Mogi

European shares pause, RSA leads fallers

February 20, 2013 08:45
* FTSEurofirst 300 off 0.1 percent * RSA, Lufthansa hit by dividend news * GFT Markets targets 2,700 for Euro STOXX 50 By Tricia Wright LONDON, Feb 20 (Reuters) - European shares dipped on Wednesday, consolidating after a steep rally in the previous session as investors were confronted with news of weak earnings, though some expected further near-term gains.

UPDATE 2-Morgan Sindall cuts dividend, shares fall

February 19, 2013 05:30
* Full-year pretax profit 34.2 mln stg vs 40 mln stg last yr * Full-year revenue falls 8 pct to 2.05 bln stg * Order book declines 9 pct to 3.1 bln stg * Shares fall as much as 11 pct (Rewrites throughout; adds CEO quote, background, analyst comment; updates share movement)

Australia's CBA posts H1 net profit of $3.77 bn

February 12, 2013 20:30
Australia's largest lender Commonwealth Bank on Wednesday posted a one percent rise in first-half net profit to Aus$3.66 billion (US$3.77 billion) despite subdued market conditions. The bank's result for the six months to December 31 was up from $3.62 billion in the same period the previous year. Its cash profit, a measure often preferred by financial institutions, rose six percent to Aus$3.78 billion, slightly above analyst expectations. The profit growth was due mainly to a stronger performance from its domestic and wholesale businesses.
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