Commodities trader Glencore International Plc., which acquired miner Xstrata last year, reported a profit in its fiscal 2014, compared to a loss last year, mainly reflecting sharp decline in certain significant expenses. Further, the company lifted its full-year dividend, while trimmed its guidance for fiscal 2015 industrial capex. The stock is currently trading around 2 percent lower in London.
Lender Barclays Plc. Tuesday said full-year profit before tax declined 21 percent from last year, hit by items. The company noted that its Personal and Corporate Banking or PCB and Barclaycard businesses continued to thrive and grow, while Africa Banking did well despite currency headwinds. The company saw encouraging performance in several areas of Investment Bank.
Lloyds Banking Group plc reported Friday that its fiscal 2014 pre-tax profit more than quadrupled, with a sharp drop in impairments and higher net interest income. The company also resumed its dividends. Looking ahead for fiscal 2015, the company expects net interest margin to be around 2.55 percent. According to the firm, its guidance reflects confidence in the future.
International Consolidated Airlines Group S.A., formed by the merger of British Airways Plc. and Spanish flag carrier Iberia Lineas Aereas de Espana S.A., Friday reported significant increase in profit for the fourth quarter as well as full year, helped by increased revenues. The company sees increased operating profit in 2015. The stock added more than 4 percent in early