Company Results & Outlooks

Standard Chartered hit with first S&P downgrade in 20 years

LONDON, Nov 28 - Ratings agency Standard & Poor's (S&P) cut its credit rating on Standard Chartered for the first time in 20 years on Friday, citing the "tough period" the Asia-focused bank was going through and its weaker credit-worthiness.

CORRECTED-UPDATE 1-Hochschild Mining cuts output target at two Peruvian mines

(In seventh paragraph, corrects to say that 2015 output target is above, not below, production forecast for 2014)

28 Nov 2014

Russia's TCS says Q3 net profit falls 27 pct y/y

MOSCOW, Nov 28 - Russian consumer credit group TCS said on Friday its third-quarter net profit fell 27 percent year-on-year to 1.1 billion roubles ($22.2 million), beating analysts' forecasts.

28 Nov 2014

UPDATE 1-Water utility Pennon raises dividend despite profit drop

LONDON, Nov 28 - British water supplier Pennon Group reported a 7 percent drop in first-half core profits on Friday, hit by a price freeze in its regulated business, but said it was still on track to increase the dividend this year by well above inflation.

28 Nov 2014

BRIEF-Legal & General says structural changes to LGAS says head unit to step down

* John Pollock, executive director and chief executive officer of Legal & General Assurance Society (LGAS) division intended to retire

28 Nov 2014

Hochschild Mining cuts output target at two Peruvian mines

Nov 28 - Silver miner Hochschild Mining Plc said it would cut production and spending at two mines in southern Peru in 2015 as a way to stay profitable at a time of weak prices.

28 Nov 2014

Tariff freeze hits profit at British water utility Pennon

LONDON, Nov 28 - British water supplier Pennon Group reported a 7 percent drop in first-half profit but the company said its strong business outlook allowed it to pay shareholders an interim dividend of 9.98 pence, up 6.3 percent year on year.

28 Nov 2014

BRIEF-Arrow Global sees FY results in line with expectations

* Q3 adjusted EBITDA up 11.2 pct to £71.9 million (Q3 2013: £64.7 million); adjusted EBITDA ratio 68.5 pct (Q3 2013: 69.4 pct)

28 Nov 2014

BRIEF-Merlin Entertainments sees ongoing EBITDA in 20-25 pct range

* Announces it will open its first LEGOLAND park in south korea

28 Nov 2014

BRIEF-Hochschild sets 2015 production target

* Core operation mine plans revised to deliver profitable ounces in lower precious metal price environment

28 Nov 2014
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