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Business - Page 1505

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Shell Q2 profits up 5 pct on high oil prices

Royal Dutch Shell Plc reported a 5% rise in second-quarter current cost of supply (CCS) net income to $7.9 bln, and said it beat analysts' forecasts, on the back of high oil

31st July 2008
Business

HBOS profits hit by writedown, mulls asset sales

LONDON, July 31 (Reuters) – HBOS Plc, Britain's biggest home lender, reported a 51 percent drop in first-half profits on Thursday as it took a 1.1 billion-pound ($2.2 billion) hit on debt

31st July 2008
Business

UK interest rates mildly restrictive-BoE’s Besley

British interest rates are bearing down on the economy but that is justifiable given the inflation outlook, Bank of England policymaker Timothy Besley said in an interview published on Thursday. "(Rates) are

31st July 2008
Business

Europe stocks inch higher; Shell update boosts oils

 European stocks inched higher in early trade on Thursday, with energy shares gaining ground after Royal Dutch Shell posted a rise in quarterly results, while investors digested a raft of corporate results.

31st July 2008
Business

Asia stocks edge up but growth fears linger

Most Asian stock markets rose on Thursday after a move by central banks to boost liquidity in stormy financial markets balanced out a $4 rebound in oil prices and the constant fear

31st July 2008
Business

UK house prices fall 1.7 pct m/m in July -Nationwide

British house prices fell 1.7 percent on the month in July and at the fastest annual rate since at least 1991, the Nationwide building society said on Thursday, in a further sign

31st July 2008
Business

UK consumer sentiment hits record low -GfK NOP

LONDON, July 31 (Reuters) – British consumer confidence hit a record low this month as people became increasingly despondent about their own personal finances, a survey showed on Thursday. The GfK NOP

31st July 2008
Business

FTSE up as central banks act to boost liquidity

Britain's top share index ended sharply higher on Wednesday as central banks moved to boost financial markets' liquidity, as commodity stocks tracked rising metal and crude prices and insurers posted strong profits.

30th July 2008
Business

Oil rises to near $123, US gasoline stocks fall

LONDON, July 30 (Reuters) – Oil rebounded from lows to near $123 a barrel on Wednesday after U.S. government data showed a drop in gasoline stocks last week, surprising analysts who had

30th July 2008
Business

Motorola to acquire leading wireless LAN security AirDefense

Motorola, Inc. has signed a definitive agreement to acquire privately held AirDefense, a leading wireless LAN (WLAN) security provider. Terms of the transaction were not disclosed. AirDefense is a privately-held developer of

30th July 2008
Business
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