News Tag: lower
June 1, 2010
British insurance giant Prudential has failed to renegotiate the price of its takeover of AIA, the Asian arm of US company American International Group (AIG).
The deal now looks set to collapse after AIA snubbed the lower price tag of $30.375 billion.
It emerged last week that the Pru, which is Britain’s second largest insurer, was renegotiating with AIA after investors ...
Prudential deal with AIA on verge of collapse
by Kay Murchie
January 22, 2010
The Office for National Statistics (ONS) has today revealed a disappointing performance for the High Street for the month of December.
Official figures showed that UK retail sales rose by just 0.3% in December compared with the previous month.
On an annual basis, sales were up 2.1% but both monthly and annual figures were lower than analysts had expected.
The annual figure ...
UK December retail sales fall short of expectations
by Kay Murchie
October 30, 2009
Exxon Mobil is the latest oil giant to report its third quarter profits and has announced a 68% fall in net profit to $4.73 billion, compared with $14.8 billion a year ago.
Exxon, which is the world's largest oil company, has been hit by weaker oil prices.
Although oil prices have increased recently to around the $80 a barrel mark, prices are ...
Exxon hit by lower oil prices
by Kay Murchie
January 26, 2009
Figures from the National Association of Realtors have revealed a surprise rise in US home sales in December, as buyers took advantage of lower house prices.
The organisation said sales of existing homes rose 6.5% to an annual rate of 4.74 million, from 4.45 million in November.
According to the National Association of Realtors, for 2008 overall, sales declined 13.1% to 4.91 ...
Americans take advantage of lower house prices
by Kay Murchie