HBOS forecasting bumper profits
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The UK's largest mortgage lender HBOS says profits will "comfortably exceed" expectations and announces plans to buy back up to Â£750m of shares.
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LONDON, August 23 (New Ratings) - HBOS Plc (HB7.ETR) is reportedly planning on complaining to the European Commission about the continuing cross-shareholdings between Banco Santander Central Hispano (BSCH) and Royal Bank of Scotland (RBOS), despite the
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BARCLAYS, Britain&#39;s third-biggest bank, said that its full year profits would come in as expected, although costs have surged ahead of income because of acquisitions, labour costs and regulatory expenses.
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Juniper Networks sets tone for earnings season--analysts expect strong growth in IP networking.
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Royal Bank of Scotland, which is seeking to buy Dutch rival ABN Amro, says it expects profits to beat forecasts.
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Heading into the heart of earnings season this week the expected results look robust, but a slowing of future profit growth and the impact of surging oil prices on the economy could conspire to hold down stocks.
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Cable &amp; Wireless spearheaded a strong performance from the telecommunications sector after a leading broker said the recovery at its UK business was &quot;more than on track&quot;.
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Britain's biggest mortgage lender, HBOS Plc , is in the early stages of planning a 1.2 billion pound ($2.44 billion) takeover bid for property group Quintain Estates & Development Plc , The Sunday Times reported.
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The collected brains of the London financial service industry are quietly optimistic about the fortunes of the stock market. At the Thomson Extel awards on Thursday the roomful of winners judged by more than 6,500 analysts made predictions for the year ahead: the safe bet was that in a year&#39;s time the FTSE 100 would be between 6,500 to 7,000 (it is above 6,600 now). ...
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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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Bank of Ireland has reported a 5 percent rise in first-half profits, in line with predictions made in its September trading update, and says it is confident about the outlook for the full year.
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Comcast Corp. , the leading U.S. cable operator, posted higher quarterly profit and revenue on Thursday, helped by strong growth in subscribers across its video, phone and high speed Internet services.
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Telephone provider BT Group reported a four-percent rise in second-quarter profit as demand for its broadband services offset a slump in its traditional fixed-line business.
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European shares traded sideways on Wednesday but banks were a bright spot as Britain&#39;s HBOS rallied on relief it would not be wading into a bidding war for domestic peer Abbey.
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Britain's BT Group Plc  posted third-quarter core earnings in line with forecasts on Thursday and issued a strong outlook as it reported better-than-expected retail broadband additions.
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Banks and insurers pushed European shares higher on Wednesday, with Britain&#39;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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BSkyB warns that its operating profit could be hit by up to Â£20m if it fails to reach a broadcasting deal with Virgin Media.