Gallaher downbeat despite profits of Â£250m
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GALLAHER group remained cautious on its European prospects yesterday, despite a 4.4 per cent rise in underlying pre-tax profit in the first half.
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The commercial insurer said profit declined on lower premiums and investment income, but the results still beat Wall Street expectations.
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Australian insurer AMP returned to the black in the first half of the year with net profits of A$378m (£150m) after a disastrous foray into Britain pushed it A$2.16 billion into the red last year.
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Deutsche Boerse has made a Â£1.3 billion ($2.49 billion) approach for the London Stock Exchange, and the LSE&#39;s rejection of it on Monday left observers doubting a much better offer would emerge.
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The home-furnishings retailer reports lower earnings but beats expectations.
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Turnaround from record loss is not right around the corner.
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HSBC Holdings  fell just short  of analysts' expectations with a 5 rise in 2006 profits on  Monday as Europe's biggest bank took a $10.6 billion hit for  bad debts after problems in its U.S. mortgage lending.
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The company reports mediocre earnings as investors remain nervous about the drug sector.
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THE Australian share market finished slightly weaker today, as investors continued to engage in some profit taking after last week&#39;s record highs.
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External cost pressures dragged on the company's first-quarter results.
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A flurry of corporate updates failed to inspire investors today as the FTSE 100 Index slipped back towards the 4700 barrier. Catering group Compass and Rentokil Initial set the tone for the top flight as shares
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Northern Rock's government guarantee achieves limited success.
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European stock markets drifted lower in early trading as profit-taking set in after recent gains, despite a modest rise on Wall Street and well-received results from cellphone giant Vodafone.
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Story in full MANCHESTER United, widely regarded as the worldâs most profitable football club, today announced that their annual profit had slipped to Â£27.
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General Motors Corp.  swung to a profit in the fourth quarter but fell short of Wall Street expectations on mounting mortgage losses from its former finance unit.
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General Motors Corp.  swung to a profit with its delayed fourth-quarter results on Wednesday but fell short of Wall Street expectations as losses from its former finance unit partly offset gains from improved auto operations and cost cutting.
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Business & money: Strong line-up and weaker pound boost result, with renaissance seen as an example to manufacturers