BT Group profits rise 4.0 percent
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Telephone provider BT Group reported a four-percent rise in second-quarter profit as demand for its broadband services offset a slump in its traditional fixed-line business.
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Goldman Sachs reported strong fourth quarter and full year earnings of $1.19bn, up 36 per cent on the previous quarter. Full year profit rose 52 per cent from the previous year to $4.55bn.
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AT&T Inc  on Thursday posted a higher quarterly profit after better-than-expected wireless growth, sending its shares up almost 3 percent in pre-market trading.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30  percent, boosted by asset sales, more digital cable and phone  customers, and a rise in AOL advertising sales.
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London equities stayed in positive territory on Friday with shares in BT Group standing out after bullish comment on the company&#39;s prospects from its chief executive.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30 percent, boosted by asset sales, more digital cable and phone customers, and a rise in AOL advertising sales.
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HBOS, the fourth-biggest British bank, has reported a 13.6-percent rise in first-half net profit to 1.759 billion pounds (2.577 billion euros, 3.281 billion dollars) but was also marked by bad debts.
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BT moved to bolster its position in the global market for providing communications services to multinational corporations yesterday with the $965m (Â£376m) acquisition of loss-making California telecoms group Infonet.
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UBS AG said Tuesday its fourth-quarter profit rose 12 percent to 2.02 billion Swiss francs (&#36;1.79 billion), driven by higher revenue from equity trading and solid income from fees on securities managed for clients.
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Telecoms operator BT Group said that its pension deficit had widened to 3.4 billion pounds by the end of 2005.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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Lucent Technologies yesterday posted higher fiscal fourth- quarter earnings, helping lift the telecommunications equipment maker to its first profitable year since 2000.
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Britain's BT Group Plc  posted third-quarter core earnings in line with forecasts on Thursday and issued a strong outlook amid a better-than-expected broadband performance, helping its shares touch five-year highs.
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British supermarket Tesco, the country's biggest retailer, said that its net profit rose by almost a quarter during the first half of its financial year as it attracted more customers.
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Media conglomerate Time Warner Inc.   said on Wednesday that fourth-quarter profit rose more  than 30 percent, boosted by asset sales, more digital cable and  phone customers, and a rise in AOL advertising sales.
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BT Group was a leading riser in the FTSE 100 on Friday after bullish comment on the company&#39;s prospects from its chief executive.
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BARCLAYS, Britain&#39;s third-biggest bank, said that its full year profits would come in as expected, although costs have surged ahead of income because of acquisitions, labour costs and regulatory expenses.