Mixed earning results for UK firms

Alistair Hodgson of Pillings Stockbrokers discussed the results with the BBC’s Stephanie McGovern.

“Some of the UK’s biggest firms announced half and full year profits on Thursday.

British Gas owned by Centrica has reported a 23% rise in profits in its residential business.

However, there is bad news for the part state owned bank Lloyds – it has made a pre-tax loss of £439m in the first six months of the year.

There is also bad news for National Express which has seen group profits fall 17%.” 26 Jul 2012

Read more at: https://www.bbc.co.uk/news/av/business-18997025/mixed-earning-results-for-uk-firms