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Yahoo

World - Barclays first-half net profit soars 68% amid restructuring


Britain`s scandal-hit Barclays bank posted a 68-percent jump in first-half net profits on Wednesday, as it pushed ahead with a major restructuring that will shrink its investment bank division. Earnings after taxation surged to £1.13 billion ($1.9 billion, 1.4 billion euros) in the six months to June, from £671 million a year earlier, Barclays said in a results statement. Barclays, which has been plagued by a series of scandals in recent years, added that it was buoyed by its personal and corporate banking and its credit card unit, amid a major group-wide restructuring. Adjusted pre-tax profits however sank seven percent to £3.349 billion in the first half, hit by a 46-percent slump at its investment banking operations.


Wednesday, July 30, 2014  09:38

Yahoo

World - Barclays says first-half net profit soars to £1.13 bn


Britain`s scandal-hit Barclays bank posted a 68-percent jump in first-half net profits on Wednesday, as it pushed ahead with a major restructuring that will shrink its investment bank division. Earnings after taxation surged to £1.13 billion ($1.9 billion, 1.4 billion euros) in the six months to June, from £671 million a year earlier, Barclays said in a results statement. Barclays, which has been plagued by a series of scandals in recent years, added that it was buoyed by its personal and corporate banking and its credit card unit, amid a major group-wide restructuring. Adjusted pre-tax profits however sank seven percent to £3.349 billion in the first half, hit by a 46-percent slump at its investment banking operations.


Wednesday, July 30, 2014  08:58

Yahoo

World - Lloyds bank fined £218m over Libor rigging


Britain`s Lloyds Banking Group is to pay £218 million ($370 million, 276 million euros) in fines to British and US regulators for attempting to rig inter-bank lending rates, the bank said Monday. `LBG announces that it has reached settlements totalling £218 million to resolve with UK and US federal authorities legacy issues regarding the manipulation several years ago of group companies` submissions to the British Bankers` Association (BBA) London Interbank Offered Rate (LIBOR) and Sterling Repo Rate,` it said in a brief statement. The Libor scandal erupted two years ago when British bank Barclays was fined £290 million by British and US regulators for attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009.


Monday, July 28, 2014  14:33

Yahoo

World - Pop star Tulisa guilty of assaulting celebrity blogger


Singer Tulisa Contostavlos has been found guilty of assaulting a celebrity blogger at a music festival. The former X-Factor judge, 26, was convicted on Friday of hitting Savvas Morgan during a dispute at the V Festival in Chelmsford, Essex. Contostavlos was ordered to pay a £200 fine and £100 compensation to Mr Morgan, as well as £2,700 in prosecution costs. Earlier this week, a separate trial involving Contostavlos collapsed when the judge said there were `strong grounds` to believe that undercover reporter Mazher Mahmood, known as the `Fake Sheikh`, had lied during a pre-trial hearing.


Friday, July 25, 2014  17:27

Yahoo

World - Eastbourne to get £2 million boost after pier fire


Eastbourne will receive £2million in government funding to help its tourism industry recover after its historic pier went up in flames, Downing Street said Friday. The southern English seaside town saw its Grade-II listed Victorian pier reduced to a charred shell following the blaze on Wednesday, which took 80 firefighters to extinguish. Prime Minister David Cameron, who was set to visit the pier Friday, said: `I know that the loss of one of Eastbourne`s most prominent and well-loved landmarks will have hit the town hard and I am determined to do all I can to help local businesses recover.` He said an extra £3 million was also being put into the government`s Coastal Communities Fund to support tourism, regenerate historic sites and build new flood defences.


Friday, August 01, 2014  10:23

Yahoo

World - Barclays says first-half net profit soars to £1.13bn


London (AFP) - Barclays said Wednesday that first-half net profits surged 68 percent, despite a poor performance at its investment banking division.


Wednesday, July 30, 2014  07:52

Yahoo

World - London`s theatres in `golden period` says study


London`s theatre scene is experiencing a `golden period,` better attended than Premier League football and taking more at the box office than cinema in the capital, according to a report. `We believe this makes London the biggest theatre city in the world,` said a report by the Society of London Theatre and the National Theatre. London theatres also took £618.5 million ($1.05 billion, 780 million euro) at the box office in 2012-2013, more than the capital`s cinemas. `London theatre is widely held to be enjoying a golden period.


Friday, August 01, 2014  08:35

Yahoo

World - Britain to map 100,000 DNA code sequences


British scientists are to map 100,000 complete DNA code sequences in a project that will make the country a world leader in genetic research on cancer and rare diseases, the prime minister said on Friday. David Cameron announced £300 million ($507 million, 378 million euros) in deals to fund the mapping project, predicted to be complete by 2017. The project will sequence the genetic codes of about 75,000 patients with cancer and rare diseases, and those of their close relatives. Both the healthy and the tumour cells of the cancer patients will be mapped, meaning about 100,000 will be sequenced in total.


Friday, August 01, 2014  01:13

CNN

Most Recent - Suits you, Sir! Spanish soccer team wears tuxedo kit



Thursday, July 31, 2014  12:33

Yahoo

World - Lukaku close to Everton switch - reports


Everton are poised to announce the club-record signing of Belgium striker Romelu Lukaku on a permanent basis from Premier League rivals Chelsea, British media reports said on Wednesday. Britain`s Press Association reported that Lukaku, who spent last season on loan at Everton, will sign a five-year contract and join for a fee of £25 million ($42.2 million, 31.6 million euros). Everton called a press conference for 1900 local time (1800 GMT) on Wednesday, at which Lukaku was expected to be presented to the media. Lukaku finished as Everton`s top scorer last season after finding the net 16 times in 33 appearances, helping Roberto Martinez`s side to a fifth-place finish in the Premier League.


Wednesday, July 30, 2014  18:33

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