HBOS profits on track, but sees margin, funding hit
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British bank HBOS  said profits should rise 4 percent this year but flagged a 180 million-pound ($368 million) hit on the value of assets due to the credit crunch and a squeeze on margins, knocking its shares.
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HBOS&#39;s decision not to bid for rival Abbey Nationalleaves just smaller targets for large British banks to buy in the UK, bankers and analysts say.
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British Airways reported a 28.5 percent  rise in operating profit for the first nine months of its  financial year, and said its longhaul premium business was  still shrugging off weakness in financial markets.
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Its net income during the June to September period was 2.69tr won (Â£1.2bn), 46% up on the same period a year earlier. During the period, which is Samsung Electronics&#39; fiscal third quarter, the company said
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Britain's largest commercial television network ITV comfortably beat profit forecasts in the first half of this year and said advertising revenues rose 4.9 percent year-on-year, the best performance since 2000.
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Despite lower quarterly profits, financial services company's prospects look good.
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The DVR pioneer posts mixed results in its latest quarter.
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UK bank HBOS says profits will "comfortably exceed" expectations and announces plans to buy back up to Â£750m of shares.
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Corporate profit margins have been running at close to all-time highs, but they can improve only so much.
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HBOS said Thursday that economic turmoil connected to the global credit crunch has cost the group 180 million pounds.
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Samsung Electronics expects profit from mobile devices to pick up next year, despite a rating cut issued by an investment bank. During a presentation at the UBS investor conference in Seoul, Samsung
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Banks and insurers pushed European  shares higher on Wednesday, with Britain's HBOS spearheading  the gains on relief it would not be wading into a bidding war  for domestic banking peer Abbey.
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European shares traded sideways on  Wednesday but banks were a bright spot as Britain's HBOS  rallied on relief it would not be wading into a bidding war for  domestic peer Abbey.
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The company turned in a wider Q1 loss but is still on track for a profitable year.
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BSkyB reports a rise in first quarter profits and sales but there is further evidence that subscriber growth is slowing down.
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Online DVD rental company Netflix  Inc topped Wall Street estimates with higher fourth-quarter  profits on Wednesday, but subscriber growth fell short of some  analysts' forecasts.
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Comcast Corp. (CMCSA.O: Quote, Profile, Research) , the largest US cable operator, on Wednesday posted a quarterly profit that fell short of Wall Street forecasts but reported better-than