NAB profit down 20pc
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NATIONAL Australia Bank Ltd today became the first of the Australia&#39;s big banks to report a fall in 2004 annual net profit and said the result reflected problems that had been accumulating for years.
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Coca-Cola Enterprises Inc. said Thursday its profit fell 20 percent in the third quarter, as volume was hurt by bad weather, a sluggish retail environment and a turn away from regular soft drinks.
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LONDON, Feb. 6  â BP said Tuesday that its fourth-quarter profit fell 22 percent to a two-year low, driven down by the declining price of oil and increased safety spending.
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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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Analysts were last night downgrading forecasts for ANZ after a disappointing outlook took the shine off the bank&#39;s record $2.82 billion annual profit.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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At the US-based Fox Entertainment Group, first-quarter profits fell 20 percent to US$320 million, or 33 cents per share, from $401 million, or 45 cents per share, last year.
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The number of new mortgages being given to house movers falls by 20% in the past year, Bank of England figures show.
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Japan's largest mobile telephone operator, NTT DoCoMo Inc., said Friday its net profit fell by more than 20 percent in the first half of its business year amid a price war.
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UK sports retailer JJB says its profits are set to fall 20% below market forecasts as  bad weather and tough competition hit sales.
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The countryâs largest newspaper publisher said Friday that its fourth-quarter profit dropped because of a decline in broadcasting revenue and weak newspaper ad sales.
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Barclays, the nation's third biggest bank, said Tuesday that net profits sank by about 3.0 percent last year owing to the US subprime housing crisis and related global squeeze on credit.
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Food conglomerate Campbell Soup Co. posted a 20 per cent drop in fourth-quarter profits as the company began its latest restructuring effort.
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AnnTaylor Stores Corp  posted  lower quarterly profit on Friday as the women&#39;s apparel  retailer suffered weak customer traffic at its Ann Taylor and  LOFT chains, forcing markdowns on many items.
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The company said on Friday that its profit fell on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
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Coca-Cola Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola drinks, reported on Thursday a 20-percent drop in quarterly profit