The Swiss company Nestle lay a better than expected preliminary report, giving an argument of analysts who firmly pledged the company as a preferred investment in Europe. Revenues from sales of main products of the company rose by 4.1 percent in 2009, indicating stability amid the crisis. This is to bring Nestle revenue of 108 billion Swiss francs (99.91 billion dollars). Preliminary expectations of analysts was for sales growth of 3,9 percent to 105.9 billion francs, transmit CNBC. “The progress over the last year growth of 4,1 per cent against the backdrop of a complex environment shows that we are able to note an increase greater than that of the sector as a whole,” stated the CEO of Nestle Paul Balk. Operating profit of Nestle for the year 2009 amounted to 15.7 billion francs.
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The British bank Barclays lay a pleasant surprise with its report for 2009, which was released today. He showed that the financial institution has made a profit of 11.6 billion liras in the year after the 2008 year was registered a positive result of 6,1 billion pounds. With a major contribution to the strong performance has Investment Banking division where he will be awarded significant bonuses. Employees in this unit will receive an average of 191 thousand pounds last year, transmit CNBC. Nearly half of the profit – 6,3 billion liras – accounted for the sale of the division of asset management Barclays Global Investors (BGI), it is clear from the report. Preliminary expectations of analysts polled by Reuters were for a profit of 11.2 billion pounds. Profit from operating activities, which does not include the sale of BGI, the impressive amount of 5.6 billion pounds. For comparison, in 2008 it amounted to 1,6 billion pounds. In the investment banking division Barclays Capital e achieved profit growth of 89 percent to 2,5 billion pounds. With a strong commitment to it’s acquisition of the investment business of Lehman Brothers in the United States, and the growth of positions in Europe and the United States.
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The Companies listed in the London Stock Exchange (LSE), have gathered a record 82.5 billion pounds (nearly 91.7 billion) from investors in 2009, Air Force forward. By LSE indicate that despite ongoing concerns about the economy investors have benefited from the proposed shares. Total accumulated amount is 16 percent higher than in 2008, but the increase is mostly due to emission rights by the banks. In November, Lloyds Banking Group gained 13.5 billion pounds in the biggest rights issue in the world. The main market, which includes companies from the FTSE 100 index, were recruited over 50 billion pounds of emissions rights. In March, HSBC gained 12.5 billion pounds from its shareholders to avoid taking money from the government. Major programs to raise capital in place and Rio Tinto (7,3 billion pounds) and the company for construction of housing Barratt Developments (over 545 million pounds).
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