Swiss banking giant UBS has today reported a net profit of SwFr2.0 billion (£1.2 billion, $1.9 billion) for the April to June period – exceeding analysts’ expectations.
The news will be welcomed by many investors after the bank was among one of the worst hit victims of the credit crunch due to its exposure to [...]
The Co-operative Group has announced a record dividend payment of £50 million after posting its highest ever profit in 2009.
The five million members of the Co-operative Group will share in the £50.4 million payout, with an average payment of £9.88 per member.
This is a 30% increase on last year’s dividend payment of £38.8 million.
The group [...]
Budget airline Ryanair has today announced it returned to profit for the year to March after reporting its first annual loss a year ago.
The airline unveiled pre-tax profits of €341 million (£289 million) for the year and said it intends to pay a one-off dividend to shareholders totalling €500 million – the first one it [...]
Royal Bank of Scotland (RBS), which is 84% owned by the taxpayer, has today proved it is on the road to recovery after reporting operating profits of £713 million in the first three months of the year, compared with a £1.35 billion loss in the same period a year earlier.
After one-off costs, which included £500 [...]
Swiss banking giant UBS has today reported first-quarter net profit of SwFr2.2 billion boosted by a strong performance in its investment banking division.
The earnings beat analysts forecasts of SwFr2.0 billion, according to a poll by economics newswire AWP.
UBS is among one of the worst hit victims of the credit crunch due to its exposure to [...]
Lloyds Banking Group, which is 41% owned by the taxpayer, today said it has returned to profit during the first quarter of 2010, as a result of a reduction in bad debt.
The banking giant also said it expects to continue to be profitable for the remainder of the year.
The announcement comes just a month after [...]