Accor hotel chain sees first-half profit jump
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PARIS, Sept 8  - The French hotel chain Accor said Wednesday that pre-tax first-half profit had jumped 25 percent to EUR 225 million (USD 270 million) as business picked up in high-end hotels abroad.
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Resona Holdings Inc., Japan&#39;s fifth- largest bank by assets, said it turned to a first-half profit after it cut costs and increased fee income, accelerating its recovery from a $19 billion government bailout last year.
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All Nippon Airways Co. reported hefty first fiscal half earnings gains Friday as international travel picked up, but the Japanese airline acknowledged growing worries about fuel costs.
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Europe's biggest bank HSBC Holdings   beat analysts' median forecast with an 18 percent rise  in first-half profit on Monday, helped by a strong performance  at its investment bank and in emerging markets.
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Starwood Hotels & Resorts Worldwide Inc. posted a 15 percent rise in quarterly profit on Thursday as business travel and visitors to the United States increased.
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Diageo, the world's biggest maker of alcoholic drinks, said on Thursday that net profit advanced 8.9 percent in the first half of the group's financial year, boosted by performance abroad.
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C&amp;C Group Plc, the maker of Tullamore Dew whiskey that held its initial public offering in May, said first-half profit more than doubled after the sale of a business helped cut debt and reduce interest charges.
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Memory maker announces first half-yearly profit, too
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Australian insurer Suncorp-Metway Ltd.  , which is all set to acquire rival Promina Group Ltd.   said on Tuesday first-half net profit rose 16 percent  helped by strong profits from its banking division.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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WASHINGTON -- Hotel operator Marriott International Inc. said Thursday that its second quarter earnings rose 11 percent on strong demand for rooms and gains in fees paid by franchisees.
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Starwood Hotels & Resorts Worldwide Inc. , whose chains include St. Regis, Westin and Sheraton, posted a greater-than-expected fourth-quarter profit on Thursday, helped by higher room rates.
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Marriott International Inc. , the top U.S. hotel operator, said on Thursday that second-quarter profit rose a better-than-expected 11 percent, but concerns about slowing growth in North America led to a decline in its shares.
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InterContinental Hotels Group Plc, the world&#39;s largest hotel operator, will sell more than half its properties as part of a plan to focus on franchising and return 750 million pounds ($1.
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No-frills airline Ryanair RYA.I has posted a forecast-beating jump in first-half profit after its low fares drew passengers over the summer, and it is more upbeat than
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Accor, the hotels group, said it had agreed to sell 72 hotels in Germany and 19 in the Netherlands to Moor Park Real Estate for 863 million euros ($1.1 billion). The Novotel, Mercure, Ibis and Etap Hotel properties involved in the transaction represent a total of 12,000 rooms, the company said. Accor will continue to operate the hotels under 12-year variable-rent leases. Accor said it would use the proceeds to reduce debt.
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Starwood Hotels & Resorts Worldwide Inc. , whose chains include St. Regis, Westin and Sheraton, said on Thursday its fourth-quarter net income rose, helped by higher room rates.