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Barclays’ pre-tax profit climbs to £2.40 billion in the first

admin April 30, 2021

Barclays plc (LON BARC) said on Friday it performed better-than-expected in the first quarter as impairment charges posted a sharp decline. Barclays shares tanked just under 5% in premarket trading on Friday. Including the price action, the stock is now exchanging hands at 178 pence per share. In comparison, it had started the year at a per-share price of 144 pence after recovering from a low of 80 pence per share in the first week of April 2020. Barclays impairment charges slide sharply to £55 million Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Barclays reported £2.40 billion of pre-tax readmore

Economy Europe Finance & banking Industries Stocks & shares UK World

HSBC says its revenue jumped more than 100% in the

admin April 27, 2021

HSBC Holdings plc (LON: HSBA) said on Tuesday that its net profit in the first quarter posted an over 100% growth on a year over year basis. The company attributed the increase to improvement in the economic outlook that enabled it to release allowances it had set aside for expected loan losses. CFO Ewen Stevenson said: “We are still being relatively cautious, and we’ve retained about 70% of the reserve build up we did last year.” Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. HSBC shares opened at 423 pence in the stock market on readmore

Economy Europe Finance & banking Industries Services Stocks & shares World

Credit Suisse swings to loss in the first quarter due

admin April 22, 2021

Credit Suisse Group AG (ETR: CSX) said on Thursday its net loss in the first quarter came in at £198.40 million, attributed to a roughly £3.41 billion hit from the recent Archegos scandal that more than offset robust performance at its investment banking and wealth management segments. Credit Suisse shares closed the regular session about 1% up on Thursday. The stock is now trading at a per-share price of £7.24. Learn more about the stock market volatility Credit Suisse slashed the proposed dividend and waived 2020 bonuses Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Following the scandal, readmore

Economy Europe Finance & banking Industries Services Stocks & shares UK World

Saga plc pre-tax loss narrows to £61 million in fiscal

admin April 7, 2021

Saga plc (LON: SAGA) said on Wednesday that its pre-tax loss narrowed significantly in fiscal 2021, attributed to lower costs. The announcement was particularly exciting as the ongoing COVID-19 crisis weighed heavily on the company’s revenue in the recent year. The Coronavirus pandemic has so far infected more than 4.3 million people in the United Kingdom and caused over 126 thousand deaths. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Saga plc shares that you can learn to buy online here jumped roughly 3% in premarket trading on Wednesday and gained another 8% on market open. Including readmore

Economy Europe Finance & banking Industries Stocks & shares World

Credit Suisse to take a £3.41 billion hit from Archegos

admin April 6, 2021

In an announcement on Tuesday, Credit Suisse Group AG (ETR: CSX) said it will take a hit worth £3.41 billion attributed to dealings with the New York investment fund, Archegos Capital Management. Credit Suisse opened at £8.04 per share on Tuesday and closed the regular session at £7.84 per share after touching an intraday low of £7.72 per share. In comparison, the stock had started the year at £8.83 per share. If you want to invest in the stock market online, you’ll need a reliable stockbroker – here’s a list of the top few to make selection easier for you. Credit Suisse expects a readmore

Category : Europe

Barclays’ pre-tax profit climbs to £2.40 billion in the first

HSBC says its revenue jumped more than 100% in the

Credit Suisse swings to loss in the first quarter due

Saga plc pre-tax loss narrows to £61 million in fiscal

Credit Suisse to take a £3.41 billion hit from Archegos

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