U.K. lender Barclays reported a net loss of £1.21 billion ($1.58 billion) for the first half of 2017, hit by the fall in sterling, a charge from the mis-selling of payment protection insurance and a loss from the sale of its Africa unit. Here are the key metrics: H1 profit before tax: £2.3 billion ($3.01 […]

Credit Suisse reported a strong rise in net income for its second quarter on Friday, adding that assets under management had hit new highs for the bank. Here are the key second-quarter metrics: Net profit: $312.6 million vs. expected $311.3 million, according to Thomson Reuters. Revenue: $5.36 billion vs. expected $5.35 billion, according to Thomson […]

Every person’s first foray into the working world teaches them something about who they are: whether that’s who they want to be – or not want to be, interactions with new environments and learning key life skills. For Julio Bruno, the chief executive of global media and entertainment business Time Out Group, he got his […]

UBS, Switzerland’s biggest bank, posted an unexpected rise in net profit on Friday despite CEO Sergio Ermotti giving a cautious outlook and highlighting that low volatility had hurt certain sectors of the bank. Here are some of the key metrics: Q2 net profit: 1.174 billion Swiss francs ($1.21 billion), up 14 percent on a year […]

France’s largest bank BNP Paribas announced Friday that it delivered a top and bottom line beat in the second quarter, against consensus estimates, as its diversified banking model helped it to weather the recent trading activity downturn more successfully than many peers. Here are some of the key metrics: Q2 net income: 2.396 billion euros […]

The revamp of classic high-end fashion brands including Gucci and Balenciaga has helped French parent Kering deliver a stellar set of results for the first half of the year, with scion Francois-Henri Pinault telling CNBC that the company’s success is not as fickle as fashion itself. “What we did is that we transformed this business […]

A private moon lander has partnered up with Boeing‘s United Launch Alliance (ULA) for its maiden mission to the moon in 2019. Pittsburgh-based Astrobotic’s robotic Peregrine lander will use ULA’s Atlas V rocket to make its first trip to the moon on the 50th anniversary of the Apollo 11 moon landing. The lunar lander – […]

Doctors should reconsider telling patients to complete a prescribed course of antibiotics because there is not enough evidence to suggest that stopping pills early encourages antibiotic resistance, according to analysis in the British Medical Journal (BMJ). Traditionally, patients have been told they must finish a prescribed course of antibiotics. The current guidance from the World […]

AstraZeneca‘s combination of two injectable immunotherapy drugs failed to help patients as hoped in a closely watched advanced lung cancer trial, sending its shares plunging on Thursday. The so-called MYSTIC study was the most anticipated clinical experiment in the pharmaceutical industry this year and the news saw the shares tumble more than 16 percent, wiping […]

The free movement of people between the U.K. and the European Union will come to an end in March 2019 after the completion of Brexit, a U.K. minister said on Thursday. Immigration Minister Brandon Lewis said that the government would introduce a “new system of immigration” by the time the U.K. left the EU, which […]