FTSE drained by Spain and greece woes May 18, 2012 THE FTSE 100 tracked losses across Europe this morning as fast moving events in Greece and Spain drained investor confidence. Moody’s downgraded Spanish banks overnight and Fitch cut its debt rating for Greece as the Eurozone crisis deepened. Spain has lurched into recession and its borrowing costs jumped at an auction yesterday while its banks [...]
FTSE drained by Spain and greece woes May 18, 2012 THE FTSE 100 tracked losses across Europe this morning as fast moving events in Greece and Spain drained investor confidence. Moody’s downgraded Spanish banks overnight and Fitch cut its debt rating for Greece as the Eurozone crisis deepened. Spain has lurched into recession and its borrowing costs jumped at an auction yesterday while its banks [...]
Moody’s downgrades 16 Spanish banks May 18, 2012 Moody’s Investor Service carried out a sweeping downgrade of 16 Spanish banks, including Banco Santander, the Eurozone’s largest bank, citing a weak economy and the government’s reduced ability to support troubled lenders. All the banks’ long-term debt ratings were downgraded by at least one notch, and some suffered three-notch cuts. Spain’s banks, awash in bad [...]
Moody’s downgrades 16 Spanish banks May 18, 2012 Moody’s Investor Service carried out a sweeping downgrade of 16 Spanish banks, including Banco Santander, the Eurozone’s largest bank, citing a weak economy and the government’s reduced ability to support troubled lenders. All the banks’ long-term debt ratings were downgraded by at least one notch, and some suffered three-notch cuts. Spain’s banks, awash in bad [...]
Mitchells & Butlers profits fall May 18, 2012 Restaurant and pub group Mitchells & Butlers has reported a dip in profits as the rising cost of food and fuel undermined rising revenues. The owner of chains including Harvester, All Bar One and O’Neills, which earlier this year faced a shareholder revolt over management and ownership issues, gave scant details on its search for [...]
Mitchells & Butlers profits fall May 18, 2012 Restaurant and pub group Mitchells & Butlers has reported a dip in profits as the rising cost of food and fuel undermined rising revenues. The owner of chains including Harvester, All Bar One and O’Neills, which earlier this year faced a shareholder revolt over management and ownership issues, gave scant details on its search for [...]
LSE profits rise 30pc May 18, 2012 The London Stock Exchange Group has reported profits up nearly a third, driven by the inclusion of its newly acquired index business and its clearing unit. The LSE said on Friday profit was up 30 per cent to £442m while revenue rose 10 per cent to £680m for the full year to the end of [...]
LSE profits rise 30pc May 18, 2012 The London Stock Exchange Group has reported profits up nearly a third, driven by the inclusion of its newly acquired index business and its clearing unit. The LSE said on Friday profit was up 30 per cent to £442m while revenue rose 10 per cent to £680m for the full year to the end of [...]
Spain lurches into recession as borrowings costs rise May 17, 2012 Spain officially slipped in to recession in the first quarter, final figures confirmed, leaving the country threatened with a prolonged slump as the turmoil-wracked. In the first quarter, the economy shrank 0.3 per cent in the compared with the last quarter of 2011, and was down 0.4 per cent year on year, the National Statistics [...]
Aviva sales fall May 17, 2012 Insurer Aviva said the search for a new chief executive would take the rest of the year as it reported a 5 percent drop in life insurance sales, reflecting tough conditions in its key European markets. The insurer, whose CEO Andrew Moss quit last week amid investor discontent over its underperforming shares, had long term [...]