Target Corp., the second-largest U.S. discount chain, said sales this month started slowly as shoppers face higher gas prices and payroll taxes, mirroring what Wal-Mart Stores Inc. reported last week.
HSBC Holdings Plc, Europe’s largest bank, posted full-year profit that missed analyst estimates as a cost-cutting drive fell short of targets and revenue shrank. The stock slumped in Hong Kong and London.
HSBC Holdings Plc, Europe’s largest bank, may say first-quarter pretax profit rose 5.5 percent as the lender incurred fewer impairment charges on its U.S. business and grew in emerging markets.
Lloyds Banking Group Plc, Britain’s biggest mortgage lender, posted a 22 percent rise in first- quarter profit as it cut costs and bad loans declined amid a recovering U.K. economy.
Lloyds Banking Group Plc , Britain’s biggest mortgage lender, tumbled in London trading as the bank said rising funding costs will squeeze profit margins in 2011.
"It's a shade worse than was previously rumored."
- Ian Gordon on Aug 19, 2014