Severn Trent announces profit decline; ups dividend
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LONDON, November 29  - Severn Trent Plc (SVT.ETR) reported a 10% decline in its 1H pre-tax profits to Â£126.2 million ($239 million).
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UK blue-chips closed lower Tuesday after a turn-around in fortunes among listed resource stocks amid weaker commodity prices, with Northern Rock disappointing investors by succumbing to pressure from the FSA to withhold its dividend.
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US investment bank Morgan Stanley (MWD.N: Quote, Profile, Research) on Wednesday said quarterly profit dropped by a third on sharply lower bond trading revenue
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Morgan Stanley and Bear Stearns Companies posted a drop in quarterly profits on Wednesday, surprising some investors one day after two other big investment banks reported a rise in earnings.
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Retailer Home Depot Inc.  said on Wednesday it expects per-share profit to fall this year as the U.S. housing slump hurts sales and it increases spending on its stores.
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Profits fall 25% at plumbing giant Wolseley as it warns that the outlook could get worse for its US business.
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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Lucent Technologies Inc.'s profit fell by half in its fiscal first quarter as expenses for the telecommunications gear maker rose and operating income for its network equipment division plunged. Its shares fell more than 7 percent in midday trading.
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Noble Energy Inc.  said on Thursday its fourth-quarter profit fell as weakness in natural gas prices weighed on results.
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Morgan Stanley and Bear Stearns  Companies posted a drop in quarterly profits on Wednesday,  surprising some investors one day after two other big  investment banks reported a rise in earnings.
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Brokerage Bear Stearns Companies  on Wednesday said quarterly profit fell 10 percent hurt by lower investment banking revenue and higher expenses.
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Chevron Corp. , the No. 2 U.S.  oil company, said on Friday its fourth-quarter profit fell,  pulled down by weaker natural gas prices and refining margins.
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Second-quarter profit fell by two-thirds at plane and train maker Bombardier Inc. (BBDb.TO: Quote, Profile, Research) as its regional aircraft business lagged a rebound
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Company reports a decline in its router business during its quarterly earnings, which barely met analyst expectations.
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Discount retailer Fred&#39;s Inc. (FRED.O: Quote, Profile, Research) on Thursday said second-quarter profit fell, hit by increased markdowns, higher diesel fuel costs and other factors, sending its shares down almost 19 percent.
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Burlington Northern Santa Fe BNI.N,  the No. 2 U.S. rail group, on Tuesday reported a sharp drop in  net profit after taking a charge related to a change in the way  it estimates asbestos and environmental liabilities, but posted  record quarterly revenue.
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Anglo-Dutch energy giant Royal Dutch Shell said Thursday that its net profit fell by eight percent in the third quarter as the company experienced a drop in oil production.