Breaking Financial Markets News Breaking Financial Markets News Rss feed

  • Marks Spencer profits tumble

    LONDON (AFP) - British high street retailer Marks & Spencer said Tuesday that full year net profits fell nine percent amid "challenging" trading conditions.Earnings after taxation declined to ?466.7 million ($712 million, 552 million euros) in the 52 weeks to March 30, compared with ?513.1 million in the previous financial year, M&S said in a results statement.Underlying ...

  • Big Yellow profit rises as demand for self-storage grows

    reported an 8 percent rise in profit despite the introduction of new taxes, as demand grew for self-storage in London and southeast England.The UK government introduced value added tax, or VAT, on storage rents in October 2012, prompting the company's prices to rise 10 to 12.5 percent.Adjusted pretax profit rose to 25.5 million pounds in the year ended March 31 from 23.6 million pounds a ...

  • Bwin.party targets cost savings eyes U.S. market

    LONDON (Reuters) - Online gambling company bwin.party said it aimed to deliver savings of 70 million euros (59 million pounds) this year as it shifts to operating in fewer but better regulated markets.First quarter revenues fell 17 percent to 180.2 million euros, the company said, reflecting what it called a shift in strategy to seeking greater value from customers, rather than chasing ...

  • G4S chief Buckles to step down

    Reuters © Security firm G4S Chief Executive, Nick Buckles, addresses a Home Affairs Committee in this still image taken from video in central London September 11, 2012. REUTERS/UK ...

  • Metals Stocks Gold prices rise following up on ‘key reversal’

    LOS ANGELES (MarketWatch) -- Gold futures rose in electronic trade Tuesday, building on gains from the previous session that ended a lengthy string of ...


cloudy
Toronto Weather
14°C Overcast
Winds: From the West at 4 MPH
Wed
tstorms
22° 16°
Thu
tstorms
22° 14°
Fri
chancerain
15° 6°
Last Updated on May 21, 3:02 AM EDT
Weather sourced from Weather Underground

Movie Review

War Horse [Blu-Ray]

War Horse [Blu-Ray]

Set against the backdrop of World War I, Steven Spielbergs War Horse is an ambitious, anthological portrait of both the devastation of war and the potential for human decency seen through the eyes of a horse. It is unabashedly romantic in the way it uses the horse, who is named Joey, a ... ...

On Facebook

  • Vodafone posts biggest fall in service revenue

    Vodafone posted its largest ever quarterly fall in key organic service revenue on Tuesday, prompting it to keep hold of a dividend from its US arm and reinvest it into the business and not return it to shareholders. The world's second largest mobile operator, at the centre of intense speculation as to whether it will sell its US arm in one of the world's largest deals, posted a 4.2% ...

  • US equities are hovering around all-time highs

    calm session overnight with comments from the Fed's Evans as the only market relevant news. Evans (voter, dove) said last night that "I'm optimistic that the labour market has been doing much, much better and that unemployment is going to continue to go down," and that "currently we have the appropriate monetary policy in place." He also said that "he has tried ...

  • Chinese PM vows to open up markets to India

    NEW DELHI (AFP) - Visiting Chinese Premier Li Keqiang pledged on Tuesday to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries."As for Indian concerns over the trade deficit, the Chinese side is willing to provide facilitations for more Indian products to access the Chinese market," Li said during a speech to Indian business ...

  • Treasury stands by budget forecasts

    Treasury secretary Martin Parkinson says the economic and revenue forecasts included in the federal budget are his department's best professional estimates, though numbers are likely to change by the time of the September election.Treasury is legally required to release its Pre-election Economic and Fiscal Outlook (PEFO) during the election campaign in August.The federal opposition has said ...

  • Mine output lift wont match investment Treasury

    The resources sector's contribution to economic growth will fall because increased production won't be enough to offset the decline in mining investment, Treasury Secretary Martin Parkinson warns.Dr Parkinson says the economy faces two major transitions over the next few years, which while supported by lower interest rates, will be challenged by continued weakness in the global economy ...

More Breaking Financial Markets News