United Assurance's profit rises, despite decline in new business

Article Abstract:

United Assurance PLC experienced a 23% year-to-year rise in operating profits to 194.3 million pounds sterling, or $331.5 million, excluding exceptional items, due to higher investment returns. This performance was better than that anticipated by analysts for the first six months. Credit Lyonnais Securities Europe's Craig Bourke indicated that the investment gains are masking many problems, including lack of profit exhibited by the insurance company. United Assurance is evaluating its products and strategies since the UK stock market may no longer prove viable from a financial perspective.

Comment:

Experiences 23% year-to-year rise in operating profits to 194.3 million pounds sterling or $331.5 million

United Kingdom, Insurance, Insurance Carriers and Related Activities, Article, United Assurance PLC

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'Austin Powers' gives boost to Time Warner earnings

Article Abstract:

Time Warner Inc. posted higher-than-expected earnings for the second-quarter of 1999. The company reported a 74% improvement in its quarterly earnings before taxes, amortization, and interest. Time Warner's earnings were $2.02 billion (1.99 billion euros) for the period. During the same period in 1998, the company posted $1.16 billion in earnings. Time Warner's figures were greatly helped by the box-office performance of the movie "Austin Powers: The Spy Who Shagged Me."

Comment:

Posts higher-than-expected earnings for second-quarter of 1999

United States, Diversified Companies, Finance

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Time Warner profit rises 34 percent

Article Abstract:

Time Warner Inc. of the United States posted stellar fourth quarter operating profit up 26 percent to $633 million and revenue increased 58 percent to $3.65 billion. Strong results were due to growth at its cable television business. At close of 2006 the entertainment industry conglomerate had 1.9 million subscribers.

Sales & consumption, Securities issued, listed, AMUSEMENT & RECREATION SERVICES, Securities, Company sales and earnings, Entertainment industry, Company earnings/profit, Company securities, Market size, Company overview, Financial report

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