PennyStockPayCheck.com Rss

Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

Church: Barclays ‘let down society’

Category : World News

The Church of England has criticised the conduct of Barclays in its annual report, after a year dogged by scandal and resignations at the bank.

See the article here: Church: Barclays ‘let down society’

Post to Twitter

Bank of England upgrades forecasts

Category : Business

The Bank of England upgrades its economic growth forecast, but separate figures show a rise in UK unemployment.

See the article here: Bank of England upgrades forecasts

Post to Twitter

Post Office warned on account fees

Category : Business

Consumer group Which? warns that a monthly charge could discourage people from opening bank accounts at the Post Office.

Read the original post: Post Office warned on account fees

Post to Twitter

Turkiye Garanti Bankasi A.S. (TKGBY: OTCQX International Premier) | Home Country News Release – Announcement regarding the redemption of Garanti bank bonds

Category : World News

Turkiye Garanti Bankasi A.S. has filed a Home Country News Release – Announcement regarding the redemption of Garanti bank bonds To view the full release click here (link to PDF).

Go here to see the original: Turkiye Garanti Bankasi A.S. (TKGBY: OTCQX International Premier) | Home Country News Release – Announcement regarding the redemption of Garanti bank bonds

Post to Twitter

International City Bank (Long Beach, CA) (ILCY: Grey Market) | Symbol Change

Category : World News

Fri, May 10, 2013 12:00 – International City Bank (Long Beach, CA) (ILCY: Grey Market) – Symbol Change – The symbol, ILCY, is no longer a valid symbol for International City Bank (Long Beach, CA). As of Fri, May 10, 2013, the new trading symbol is ILCN. You may find a complete list of symbol changes at otcmarkets.com.

See original here: International City Bank (Long Beach, CA) (ILCY: Grey Market) | Symbol Change

Post to Twitter

AUDIO: Co-op ratings downgrade

Category : World News

Ratings agency Moody’s has downgraded the Co-operative Bank’s debt rating to “junk” status.

Read the rest here: AUDIO: Co-op ratings downgrade

Post to Twitter

Bank holds fire on stimulus move

Category : World News

The Bank of England keeps its stimulus programme of quantitative easing (QE) unchanged and also holds interest rates at 0.5%.

Read the original here: Bank holds fire on stimulus move

Post to Twitter

Moody’s downgrades Co-op Bank rating

Category : World News

Co-op Bank’s debt rating is downgraded to “junk” status by Moody’s, and its chief executive resigns after the collapse of a deal to buy branches from Lloyds.

Original post: Moody’s downgrades Co-op Bank rating

Post to Twitter

South Korea central bank cuts rates

Category : Business, World News

South Korea’s central bank cuts its key interest rate in a surprise move aimed at boosting growth and countering a weak Japanese yen.

Link: South Korea central bank cuts rates

Post to Twitter

Sainsbury’s profits rise again

Category : Business

Sainsbury’s said it had outperformed competitors and celebrated the ‘milestone’ of non-food sales reaching £1bn for the first time

Profits at Sainsbury’s have risen again as the supermarket maintained its run of success under chief executive Justin King.

It came as the retailer also announced it was taking full control of Sainsbury’s Bank in a £248m deal to buy the 50% stake held by taxpayer-backed Lloyds Banking Group.

Full-year results to 16 March showed underlying profits up 6.2% to £756m, though the bottom-line pre-tax figure fell 1.4% to £788m when property disposals were included.

King, who took over at the supermarket amid sliding sales nearly a decade ago, remained bullish about its prospects despite the economic downturn.

He said: “Whilst we see no near-term change in the current economic situation, we remain confident that by continuing to invest in our long-standing strategy and by understanding and helping our customers, we are well positioned for future growth.”

Total sales rose by 4.6% to £25.6bn, driven by 33 consecutive quarters of like-for-like sales growth.

Sainsbury’s said it had outperformed competitors, citing figures from earlier this year which showed it had achieved 16.8% market share, its highest for a decade.

The results were boosted by what it called the “milestone” of non-food sales reaching £1bn for the first time.

Grocery online sales were nearing the £1bn mark, while Sainsbury’s convenience stores took £1.5bn, the company announced. During the year, it opened 14 new supermarkets, eight extensions and 87 convenience stores.

The supermarket, which sponsored the Paralympic Games and was also involved in the events to celebrate the Queen’s Diamond Jubilee, said: “It has been a year like no other.”

David Tyler, chairman of Sainsbury’s, said the decision to take full ownership of Sainsbury’s Bank would “benefit both customers and shareholders and allow its full potential to be realised”.

The bank, launched in 1997, has delivered five successive years of profit growth, the company said. Profit before tax in 2012/13 was £59m.

King said: “We see a great opportunity to increase the number of bank customers by offering accessible, high- quality financial service products which reward customers who bank and shop with us.

“We expect the bank to become an important source of profit diversification and growth, building on the strengths of our core business.”