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Earnings lift S&P 500, Nasdaq

Stocks ended a holiday-shortened week with mostly modest gains on Thursday, though the S&P 500 notched its biggest weekly advance since July as Morgan Stanley and General Electric rallied after strong results. Reuters reported that the two were the latest...

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Google disappoints investors as advert rates decline

Image Google-360x140.jpg

GoogleGoogle’s shares have declined over concerns that its advertising rates are declining despite posting higher overall revenues. Google on Thursday, reported consolidated revenues of $15.42bn for the quarter ended March 31, 2014, an increase of 19 per cent compared to the first quarter of 2013. Profits were also...

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Co-op Group reports £2.5bn loss

The Co-operative Group has announced losses of £2.5bn for 2013, marking the worst results in the group’s 150-year history, the British Broadcasting Corporation reported on Thursday. The group said most of the losses...

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Officials commend Seplat as LSE hosts oil firm

The Group Managing Director, Nigerian National Petroleum Corporation, Mr. Andrew Yakubu, has joined other officials to commend Seplat Petroleum Development Company following its dual listing on the London Stock Exchange and the Nigerian Stock Exchange. A statement by the oil company said Yakubu gave...

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UBA declares N12.59bn profit for Q1

United Bank for Africa Plc says its profit after tax rose by 36.37 per cent to N12.59bn in the first quarter of 2014, from N9.23bn as of the fourth quarter of 2013. It added that in ...

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