LONDON (Reuters) - Asia-focused bank Standard Chartered (STAN.L) said on Tuesday profits in the first quarter of 2015 fell 22 percent from a year ago as losses from bad loans jumped 80 percent and trading conditions remained challenging.
UTILITIES group Centrica delivered a more positive update to the market yesterday, following a profit warning and dividend cut announced along with its 2014 results in February, and said trading continues in line with previous guidance.
LONDON/PARIS (Reuters) - BP and Total reported higher than expected profits on Tuesday thanks to steep increases in profits from refining, showing the resilience of global oil firms in the face of slumping oil prices.
The rules imposed on Britain's banks in the years after the financial crisis are beginning to look like the old English law that once required adult men to prepare for the defence of their parish by carrying out two hours of longbow practice a week.
Whitbread chief executive Andy Harrison will step aside by February 2016, having led the UK's largest hotel and coffee shop operator since 2010.