Kenneth G. Mondero

Prudential Profits Fourth Year in a Row

Mar 13 2013 @ 06:51
Despite an uncertain global economic environment, international financial services group, Prudential plc (LSE:PRU), managed make a profit for the fourth consecutive year since its loss in 2008, the UK-incorporated firm said Wednesday. In its full year results released earlier today, the insurance and asset management group reported statutory pre-tax profit of £3.188 billion in 2012, […]

Antofagasta More Than Doubles Dividend

Mar 12 2013 @ 07:24
Gold and copper producer Antofagasta plc (LSE:ANTO) saw its shares rose on the London Stock Exchange on Tuesday after the company announced it will be paying out dividend for 2012 in the amount more than twice it gave the year before, following record production and revenue. In the company’s preliminary results released earlier today, the […]

Postponement of Referendum on Oil Exploration Lifts Bahamas Petroleum

Mar 11 2013 @ 10:37
Shares of Bahamas Petroleum Company plc (LSE:BPC) surged upward on the London Stock Exchange today after the Government of The Bahamas decided to postpone a referendum that would decide the future of the oil exploration in the waters of the Caribbean commonwealth state. In a statement, BPC’s Chief Executive, Simon Potter, welcomed the decision of […]

Barclays Reveals Pay Details

Mar 08 2013 @ 09:29
For the first time in history, Barclays plc (LSE:BARC) revealed to the public details of how much the bank paid its employees, showing that there were in all, 428 people who received at least £1 million in 2012. The move was in response to the call of transparency by British bank’s new Chairman of the […]

UK Coal Closes Daw Mill Coal Mine

Mar 07 2013 @ 04:31
Some 650 workers are at risk of losing their jobs after the UK Coal Mine Holdings announced earlier today they are closing down the Daw Mill colliery in Warwickshire, England following a fire deep into the coal mine that continues to burn “ferociously” to this day. In a statement, Chief Executive Kevin McCullough said the […]

HSBC Profits Barely Dented by Fines

Mar 04 2013 @ 09:01
The anti-money laundering settlement of HSBC Holdings plc (LSE:HSBA) back in December 2012 barely made a dent on Europe’s largest banking institution as it revealed its profit for last year, despite having missed market expectations. Deducting tax, HSBC group posted US$15.3 billion profit, nearly eight times more than US$1.92 billion the bank had to absorb […]

Lloyds Reduces Loss to 570M Pounds

Mar 01 2013 @ 07:42
Lloyd’s Banking Group (LSE:LLOY) is ahead of its plan to transform the banking institution into a “simple, lower-risk, customer-focused UK retail and commercial” bank that supports the British economy, the London-based bank’s Chief Executive, Antonio Horta-Osorio, said in a statement Friday, in reference to the bank’s year-end report that saw a “substantial increase” in underlying […]

RBS Chastens in 2012 to a Loss

Feb 28 2013 @ 06:28
Chastening has found itself a new meaning after the Royal Bank of Scotland (LSE:RBS) ended 2012 at a loss, its fifth since the financial crisis of 2008, as its profit was swallowed by a number of huge charges in what its Chief Executive said the way to “put right past mistakes”. In its report earlier […]

Weir Group Beats Market Forecast

Feb 27 2013 @ 09:30
Pumps and valves provider to the oil and gas, mining, and energy sectors, Weir Group (LSE:WEIR), beat market expectations after ending 2012 with annual profits beyond market consensus, pushing shares up on the London Stock Exchange on Wednesday. The FTSE 100 engineering firm gained as much as 5.5% to £22.84 by 13:00 GMT, following the […]

UK GDP Grows Beyond Previous Estimate

Feb 27 2013 @ 07:11
The British economy grew more than expected, updated figures from the UK’s Office for National Statistics (ONS) revealed earlier today. In its report, ONS showed UK’s gross domestic product increased by 0.3% in 2012 instead of the flat growth previously anticipated backed by a rise in output in the construction industry. UK’s quarterly performance had […]
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