Royal Bank of Scotland profit climbs to ÃÂ£6.2 billion
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The Royal Bank of Scotland (RBS) said on Thursday that net profit rose by 15 percent to 6.2 billion pounds in 2006, boosted by its investment banking arm.
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Gallaher Group, the British tobacco firm being bought by Japan Tobacco, said Friday that its net profit jumped by 9.2 percent to 403 million pounds (598 million euros, 787 million dollars) in 2006.
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Bank of America Corp. , the second-largest U.S. bank, said on Thursday quarterly profit rose 5 percent, as private equity and investment banking gains offset lower retail banking earnings and worsening loan quality.
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Santander Central Hispano SA said Wednesday that net profit for the third quarter nearly doubled to 1.17 billion euros (&#36;1.49 billion), with much of the gain coming from the sale of its stake in the Royal Bank of Scotland.
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Standard Chartered, the emerging markets bank, has reported on Tuesday that 2006 net profits soared by almost one fifth, helped by strong economic growth in its key Asian markets.
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Royal Philips Electronics said net profit rose to $2.16 billion in the second quarter on the sale of its stake in a Taiwanese semiconductor company, but that exchange rates hurt sales.
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Supermarket chain Morrisons returns to profit, six months after posting its first annual loss.
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British Airways PLC said Monday that net profit rose by 25.5 percent over the latest quarter and that passenger numbers also rose.
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BT Group PLC, Britain's largest phone company, reported a 14 percent increase in second quarter net profit on Thursday, as growth in mobile telecommunications, broadband and IT services outweighed more declines in its traditional residential telecoms revenue base.
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British satellite broadcaster BSkyB said profit rose by 16 percent in the first quarter as the group enjoyed strong subscriber growth in the run-up to the key Christmas trading period.
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Bank of America Corp. , the second-largest U.S. bank, said on Thursday quarterly profit rose 5 percent, topping analyst estimates, as gains from private equity and investment banking offset lower retail banking earnings and worsening loan quality.
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Banco Santander Central Hispano, which is buying UK lender Abbey for Â£8.5bn, makes a Â£2.2bn profit in the first nine months of 2004.
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Car insurer Admiral unveils a 24% jump in profits to Â£68.7m for the first six months of the year.
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BNP Paribas bank has reported a 24.9-percent rise in net profits for 2006 driven by foreign expansion.
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The Royal Bank of Scotland (RBS) -- which is fronting a European consortium&#39;s takeover bid for Dutch giant ABN Amro -- said on Tuesday that first-half earnings would beat market expectations.
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Barclays, the UK's third-biggest bank, has said that interim net profits soared 25.3 percent, with strong investment banking offsetting a jump in bad consumer-loan write-offs.
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Global banking giant HSBC Holdings said Monday that its net profit rose by 4.7 percent to 8.21 billion pounds in 2006 from a year earlier.