Prague hotels, Czech Republic – cheap apartments, pensions, hostels, accommodation, bed and breakfast, travel, tours, tourism

Accommodation in Prague

- ***** 5 - stars
- **** 4 - stars
- *** 3 - stars
- ** 2 - stars
- Hostels
- Apartments
- Pensions

- In the city centre
- Near the city centre
- Out of the city centre

- Airport Transfer
- Sightseeing Tours
- Prague Guide
- Czech News
- Travel Links


Prague news

15.05.2008 - Barclays in Ј1bn credit writedown

Barclays has taken a further Ј1bn writedown on assets and confirmed profits for the first quarter of 2008 will be lower than last year.

Last month, the bank warned that tough trading in its investment bank division Barclays Capital during March would cut group profits Sudanese rebels 'reach Khartoum' ...
Car bomb kills 25 in Iraqi city ...
for the quarter.

The Czech Republic news are represented by www.prague-hotel-hotels.com

But Barclays did not ask shareholders for additional cash in a rights issue as some of its rivals have done.

Banks are still suffering the credit crisis and are keen to raise capital.

Royal Bank of Scotland, HBOS and Bradford & Bingley have all approached their investors to ask for extra cash to shore up their balance sheet to repair credit-related losses.

With the Bank of England's latest inflation report painting a gloomy picture for the UK's economic prospects, the banks are also keen to prepare against falling demand for their services.

Richard Hunter, head of UK equities at Hargreaves Lansdown Stockbrokers, said Barclays was keeping its options open.

"Today's statement does little to assuage any concerns regarding the likelihood of a rights issue, with the company insisting on keeping the door ajar," he said.

"It maintains that it will continue to monitor all options and will clearly not be drawn on speculation as to what form this capital injection might take."

Barclays did not disclose the extent of its profits fall in the first quarter, but said that Barclays Capital was profitable "despite the difficult trading conditions".



(BBC)

<< Back

Search

Check-in
 
Check-out
 
Room
Class
Location



 
 

discount, cheap, budget, central, small and luxury Prague hotels, Czech Republic apartments reservation, lodging, booking

 
Copyright © 1999 - 2008 Prague-Hotel-Hotels.com . All Rights Reserved    
www.CzechRepublic-Prague.com :: www.ParisTravelGuide.info
_______________________________