uk

 

Income funds turn sights on banks as end of PPI saga draws closer

Apr 25 2018 | 2 hrs ago

Huge payouts to customers mis-sold mortgage and credit card PPI have cost British banks dearly for years, but the end may be in sight and income fund managers.

UK inflation expectations for year ahead steady in April: Citi

Apr 24 2018

Inflation expectations among people in Britain for the year ahead remained unchanged at 2.4 percent in April.

CityFibre agrees $750 mn takeover by Goldman Sachs consortium

Apr 24 2018

CityFibre (CITYC.L) agreed a 538 million pounds ($750 million) takeover by a Goldman Sachs-backed consortium on Tuesday.

Ukrainian energy ministry website hit by ransomware attack

Apr 24 2018

Hackers took down the website of the Ukrainian energy and coal ministry, posting a message in English demanding a ransom paid in Bitcoin to recover encrypted files.

UK finance minister beats target for cutting budget deficit

Apr 24 2018

Hammond met his target for cutting the country’s budget deficit in the recently ended 2017/18 financial year, according to official data.

Elliott discloses 5.1 pc stake in UK software firm Micro Focus

Apr 23 2018

Elliott Capital Advisors L.P on Monday disclosed a 5.1 percent stake in British software firm Micro Focus International Plc (MCRO.L).

ECB could provide cash to failing banks if conditions met: Coeure

Apr 23 2018

The European Central Bank could provide liquidity to failing banks while they are being wound down under certain conditions, ECB director Benoit Coeure said.

Deutsche Bank joins growing swell of optimism for UK stocks

Apr 23 2018

Deutsche Bank joined a growing chorus of brokers becoming more positive on British stocks on Monday, upgrading its recommendation on UK equities to “overweight”, citing cheap valuations.

UK judge orders extradition of Agrokor founder Todoric

Apr 23 2018

A British judge ordered the extradition of Ivica Todoric, to Croatia to face charges related to an alleged 110-million-euro (96.44 million pounds) fraud.

Rajan named by FT as possible candidate for Bank of England top

Apr 23 2018

Raghuram Rajan has been named as one of the possible contenders for the top job at the Bank of England (BoE), according to a report by UK-based Financial Times.

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Global Markets

 

Stocks In News

 

ZENSAR TECH Q4

Revenue up 9.5% at Rs 814 Cr vs Rs 743 Cr

EBIT up 79% at Rs 82 Cr vs Rs 45.8 Cr

EBIT margin at 10% vs 6.1%

Net Profit up 6.9x at Rs 74 Cr vs Rs 10.7 Cr

Other Income at Rs 26.7 Cr vs Loss of Rs 22.8 Cr

All figures are consolidated and comparable QoQ

PERSISTENT TECH Q4

Net Sales up 19% at Rs 344 Cr vs Rs 289 Cr

EBITDA up 15.7% at Rs 191 Cr vs Rs 165 Cr

EBTDA Margin at 55.5% vs 57%

Net Profit up 40.5% at Rs 142 Cr vs Rs 101 Cr

All figures are Consolidated & comparable YoY

OBEROI REALTY Q4

Net Sales up 19% at Rs 344 Cr vs Rs 289 Cr

EBITDA up 15.7% at Rs 191 Cr vs Rs 165 Cr

EBTDA Margin at 55.5% vs 57%

Net Profit up 40.5% at Rs 142 Cr vs Rs 101 Cr

All figures are Consolidated & comparable YoY

GIC HSG FINANCE Q4

PAT At Rs 60 Cr vs Rs 46.6 Cr, Up 28.8% YoY

NII at Rs 109 cr vs Rs 100 cr, up 9%

Revenue From Ops At Rs 296 Cr Vs Rs 266 Cr, Up 11.3% YoY

IDFC BANK Q4

PAT Rs 41.9 Cr vs Rs 176 Cr, Down 76% YoY

NII At Rs 453 Cr vs Rs 502 Cr, Down 10% YoY

Gross NPA At 3.31% vs 5.62% QoQ;

Net NPA At 1.69% vs 2.52% QoQ

Provisions At Rs 242 Cr vs Rs 108.6 Cr , up 2.2x QoQ

RAYMOND Q4

Revenue Rs 1,655 Cr vs Rs 1,506 Cr, Up 10% YoY

EBITDA Rs 176 Cr vs Rs 145 Cr, Up 21% YoY

EBITDA Margin 10.6% vs 9.6% YoY

PAT Rs 53 Cr vs Rs 33 Cr, Up 60% YoY

All Figures Are Consolidated

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