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Monday 07th of June 2010

News Tag: lower

June 1, 2010

Prudential deal with AIA on verge of collapse

by Kay Murchie
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 ...

January 22, 2010

UK December retail sales fall short of expectations

by Kay Murchie
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 ...

October 30, 2009

Exxon hit by lower oil prices

by Kay Murchie
Exxon hit by lower oil prices
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 ...

January 26, 2009

Americans take advantage of lower house prices

by Kay Murchie
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 ...