UPDATE 1-National Bank of Canada's profit beats, raises dividend The company's net income attributable to shareholders rose to C $388 million, or C $1.13 per share, in the second quarter ended April 30 from C $345 million, or C $1.01 per share, a year earlier. Excluding items, the Montreal- based lender earned C $1.15 per share, above analysts' average estimate of C $1.12 per share, according to Thomson Reuters I/B/E/S.
UPDATE 1-Homebuilder Toll Brothers profit beats estimates May 27- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a better-than-expected quarterly profit and raised the low end of its average selling price forecast for the full year as demand strengthens. The company raised the low end of its average selling price range to $730,000 from $725,000. Net income rose to $67.9 million, or 37 cents per share,...
Goldman tops 2015 City of London bank bonus charts LONDON, May 27- Bankers at Goldman Sachs received the highest bonuses in London's banking industry this year but bonuses paid out by the top 10 banks were down overall compared to last year, a survey published on Wednesday showed. Goldman Sachs bankers received an average bonus of 194,000 pounds, some 14 percent more than their peers at second-placed Morgan...
| By: Jamie McGeever
Will Qatar lose the World Cup? Qatar hosting soccer's World Cup in 2022 has always been controversial, but after the arrest of a passel of the football governing association's officials on corruption charges, that win is looking uncertain.
| By: Leslie Shaffer
INSIGHT-Baby Boomer brokers face shrinking market to sell firms NEW YORK, May 27- Steven Dudash, like most brokers, spends a lot of time making it easier for his clients to retire. After starting IHT Wealth Management in Chicago in June with six brokers, Dudash says he will buy four businesses from retiring brokers in coming months. Of the 300,000 brokers now working in the United States, nearly 35 percent are over 55. Between those...
| By: Elizabeth Dilts
INSIGHT-Original robo-adviser Financial Engines seeks life beyond 401(k)s NEW YORK, May 27- Long before the phrase "robo-adviser" existed, Sunnyvale, California- based Financial Engines was cornering the untapped 401 plan market with computer simulations to help people save for retirement. To hang onto those investors- and find others- Financial Engines is planning to go up against other so-called "robo-advisers," companies that use...
| By: Jessica Toonkel and David Randall
Just what is the UK's problem with Europe? After more than four decades of (mostly) happy marriage, the U.K. is approaching an in-out vote on its membership of the 28-country European Union.
| By: Catherine Boyle
Is a price cut in store for Sony's PS4? Amir Anvarzadeh, director of Japan Equity Sales at BGC Securities, says price discounts could help to maintain the PlayStation 4's sales momentum.