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finance

BUSINESS

HSBC quarterly profit surges by third as costs fall

Digital Desk -
HSBC Holdings reported in Hong Kong that pre-tax profit has jumped by a third in the latest quarter as it paid out less in...
EUROPE

Greek banks need €14.4bn to get on track, says ECB

Digital Desk -
Greece’s battered banks need €14.4bn (£10.2 billion) in fresh money to get back on their feet and resume normal business, the European Central Bank...
BUSINESS

Aer Lingus records €45m operating profit since joining IAG

Digital Desk -
Financial results from IAG show that Aer Lingus made an operating profit of €45m since it joined the airline group in August. The parent company's...
BUSINESS

RBS endures sharp fall n Q3 profits

Digital Desk -
British taxpayer-backed Royal Bank of Scotland has revealed a sharp fall in third-quarter profits. Pre-tax profit before one-time items and restructuring costs came in at...
BUSINESS

New Barclays boss in line for £8.2m remuneration package

Digital Desk -
New Barclays boss Jes Staley could earn up to £8.2m a year, it has been revealed. The bank confirmed Mr Staley as its new group...
BUSINESS

Apple boss Tim Cook hails results as ‘most successful year ever’

Digital Desk -
Apple sold 48 million iPhones in the last three months – slightly lower than analysts expected, but the company still recorded a profit of...
FIFA

Michel Platini: FIFA finances behind nine-year payment delay

Digital Desk -
Michel Platini has claimed he was not paid money owed by FIFA for more than nine years because of the world governing body’s financial...
BUSINESS

Blackberry endures bigger-than-expected losses

Digital Desk -
Smartphone firm Blackberry posted a bigger-than-expected second-quarter loss on Friday of US$66m, as revenues slumped by 46% to $490m. The Canadian firm has struggled to...
BUSINESS

Worries rise after China posts worse-than-expected figures

Digital Desk -
Concerns over the Chinese economy have risen again following the country's latest factory output figures. It grew by 6.1%, which was below expectations. Beijing is expected...
BUSINESS

British government sells RBS shares at loss of £1bn to taxpayer

Digital Desk -
The British Treasury has sold the first tranche of shares in Royal Bank of Scotland for £2.1 billion, but the taxpayer has made a...
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