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HSBC 2010 profit up, but disappoints investors

By JANE WARDELL, AP Business Writer LONDON – HSBC Holdings PLC increased its dividend Monday as it reported that profits more than doubled last year, but the bank disappointed investors by falling short of analysts’ forecasts and cutting its future profitability predictions. Shares in the bank dropped 5 percent by […]

NBC Plc Delisting must be Rejected – CIS

Being the text of a press briefing delivered by the President of the Chartered Institute of Stockbrokers (CIS) on Friday, February 25, 2011 in Lagos, Nigeria   The main reason why the company wants to delist is that it wants the company to “become a wholly owned subsidiary of its majority shareholder, Coca-Cola Hellenic […]

Investors Close in on Rescued Banks

By Festus Akanbi, 27 Feb 2011 After months of speculation and boardroom manoeuvring, a clearer picture of core investors for some of the rescued banks has begun to emerge. Investigations last week showed that the memoranda of understanding for the various mergers and acquisition is still being kept under wraps pending the […]