**More and more lawyers are themselves getting sued. Up a third in the last year October 30, 2016 NULL
Bond trading boost for BNP Paribas after posting impressive third quarter returns October 28, 2016 BNP Paribas' (BNPP) share price was flat after announcing "strong" third quarter results that were boosted by investors keen to snaffle up bonds. Net profits were €1.9bn, up 3.3 per cent and around €200m ahead of consensus expectations. "Fixed Income was the main driver of the quarter delivering a very good performance in all business [...]
Brexit hasn’t impacted the number of companies going pop too much. Yet… October 28, 2016 The number of companies going bust is edging up as experts predict that it is only a matter of time before numbers may rise more rapidly as a result of the Brexit vote. The latest data, released by the government's insolvency service, reveals that there were 3,633 corporate insolvencies in the three months since Britain's decision to leave [...]
Third quarter US GDP beats expectations, bolstering rate rise hopes October 28, 2016 Uncle Sam surprised the markets this afternoon by announcing that the US economy was growing at a faster rate than expected. US gross domestic product (GDP) grew at 2.9 per cent over the last 12 months, the fastest rate for two years. A consensus of analysts polled by Reuters expected growth of 2.5 per cent. Read [...]
RBS shares tumble after another “noisy” loss-making quarter October 28, 2016 The Royal Bank of Scotland (RBS) reported an attributable loss of £469m for the third quarter of 2016 after being hit with nearly £900m of litigation and restructuring costs. Shares jumped five per cent in morning trading before falling back – it was 1.6 per cent lower, at 193.3p, in lunchtime trading [stockChart code="RBS" date="2016-10-28 09:21"] [...]
Persistent headaches: Five problems facing RBS chief exec Ross McEwan October 28, 2016 Ross McEwan may have been pleasantly surprised as he peaked through his fingers to see what had happened to the Royal Bank of Scotland's (RBS) share price this morning. Read more: RBS shares jump up and down to the noise of loss-making quarter Unfortunately for the chief exec of RBS, an initial jump of five per cent wobbled [...]
An intergenerational study reveals millennials are ridiculously optimistic about when they’ll retire October 28, 2016 Britain's 20-somethings have unrealistic expectations as to when they will retire, thinking that they will be able to down-tools much earlier than any other age group. Those aged between 20 and 30 think that they will retire halfway between their 60th and 61st birthday. Across all age groups, Britons think on average that they will retire just before their [...]
UBS’ share price rises after profiting from record US wealth management returns October 28, 2016 Records aplenty fell at UBS this morning after announcing bumper third quarter results that beat expectations, but its share price was more conservative, climbing one per cent in morning trading. Adjusted profit before tax was SFr1.3bn (£1.1bn), up a stonking 33 per cent compared to 2015. Read more: UBS spending over £830m on IT system overhaul The [...]
Jury awards cancer sufferer $70m following Johnson & Johnson lawsuit October 28, 2016 Johnson & Johnson has been ordered to pay $70m (£58m) of damages by a US jury following allegations prolonged use of its baby powder caused ovarian cancer. Filed in St Louis, the lawsuit accused Johnson & Johnson – whose corporate roots trace back to 1886 – of “negligent conduct” in the production and marketing of the world-famous product. Read [...]
