FTSE hit by fresh volatility August 11, 2011 The top share index pared gains by midday, as concerns over the stability of European banks in the face of the global debt and growth crisis took the wind out of an earlier advance. Barclays, Royal Bank of Scotland and Lloyds Banking Group swung violently on worries banks will sustain further losses associated with exposure [...]
FTSE hit by fresh volatility August 11, 2011 The top share index pared gains by midday, as concerns over the stability of European banks in the face of the global debt and growth crisis took the wind out of an earlier advance. Barclays, Royal Bank of Scotland and Lloyds Banking Group swung violently on worries banks will sustain further losses associated with exposure [...]
FTSE recovery gains traction after Fed boost August 10, 2011 The FTSE continued its rally in early trading today after an unprecedented pledge by the Fed to keep interest rates low to stimulate economic growth encouraged investors. Wall Street rebounded yesterday setting the tone for markets across the globe. In tandem with positive export data from China showing a lift in July the move by [...]
FTSE recovery gains traction after Fed boost August 10, 2011 The FTSE continued its rally in early trading today after an unprecedented pledge by the Fed to keep interest rates low to stimulate economic growth encouraged investors. Wall Street rebounded yesterday setting the tone for markets across the globe. In tandem with positive export data from China showing a lift in July the move by [...]
StanChart takes $75m stake in Saudi company August 8, 2011 STANDARD Chartered Private Equity yesterday paid $75m (£46m) for a minority stake in Construction Product Holding Company (CPHO), a subsidiary of Saudi construction conglomerate Bin Laden Group. The Bin Laden Group has benefited from the kingdom’s $400bn (£245bn) infrastructure spending plans, meaning CPHO is well placed to continue growing in the Saudi market. “We are [...]
StanChart upbeat as its revenues rise August 3, 2011 STANDARD Chartered beat expectations with an 17 per cent jump in pre-tax profit, it revealed yesterday, with a drop in impairments and a rising in top-line income boosting the bank’s earnings to £3.6bn. But chief executive Peter Sands warned that “our biggest risk by far remains regulatory risk”, over and above the prospect of a [...]
StanChart upbeat as its revenues rise August 3, 2011 STANDARD Chartered beat expectations with an 17 per cent jump in pre-tax profit, it revealed yesterday, with a drop in impairments and a rising in top-line income boosting the bank’s earnings to £3.6bn. But chief executive Peter Sands warned that “our biggest risk by far remains regulatory risk”, over and above the prospect of a [...]
HOW DO YOU RATE STANCHART’S LATEST RESULTS? August 3, 2011 GARETH HUNT | INVESTEC While the first half has come in ahead of expectations, we do not expect full year consensus to move… While the headline cost performance was strong, it was flattered by one-offs, particularly in the “other Asia Pacific” reporting segment, which benefited from $86m of cost recoveries… As ever with Standard Chartered, [...]
StanChart profit up 17pc August 3, 2011 Asia-focussed Standard Chartered Bank reported a market-beating 17 per cent rise in first-half pretax profit on Wednesday, helped by strong growth in emerging markets and keeping it on track for another year of record profits. The London-headquartered bank reported a pretax profit of $3.636bn (£2.233bn), up from $3.12bn a year earlier. “We are maintaining our [...]
StanChart profit up 17pc August 3, 2011 Asia-focussed Standard Chartered Bank reported a market-beating 17 per cent rise in first-half pretax profit on Wednesday, helped by strong growth in emerging markets and keeping it on track for another year of record profits. The London-headquartered bank reported a pretax profit of $3.636bn (£2.233bn), up from $3.12bn a year earlier. “We are maintaining our [...]