Company Results & Outlooks
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.
(In seventh paragraph, corrects to say that 2015 output target is above, not below, production forecast for 2014)
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.
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.
* John Pollock, executive director and chief executive officer of Legal & General Assurance Society (LGAS) division intended to retire
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.
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.
* 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)
* Announces it will open its first LEGOLAND park in south korea
* Core operation mine plans revised to deliver profitable ounces in lower precious metal price environment