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Santander UK profits take 21% hit on ‘competitive pressures’

Shares took a hit. competitive pressure from Facebook’s Instagram platform and expectations that Snapchat will report declines for its active-user base when the company publishes results for its.

Tech shares were also expected to be in focus after the U.S. government acknowledged it is investigating the largest U.S. technology companies for anti-competitive practices. The Nasdaq Composite.

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Santander UK (LSE: 44RS.L – news) has blamed "ongoing competitive pressures" for a 21% fall in first quarter pre-tax profits to 414m. It said the higher sum included further writedowns on its loans to failed construction-to-support services giant, Carillion (Frankfurt: 924047 – news) .

High street banking giant Santander has revealed a 21% slump in profit after taking another hit from failed construction giant Carillion and suffering "competitive pressures". The Spanish-owned.

Beyond just the cheese grater case, there are a few tricks Apple has pulled here that could take the future of PC design down a. in certain directions – especially if it’s considered competitive.

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The case for digital reinvention As digitization penetrates more fully, it will dampen revenue and profit growth for some, particularly the bottom quartile of companies, according to our research, while the top quartile captures disproportionate gains.

Identity fraud cases in the UK hit an all-time high in 2016, according to figures from not-for-profit data sharing and prevention agency Cifas. A record 172,919 identity frauds were recorded in 2016.

 · ASIA / AUSTRALIA: There has been hardly any progress regarding the U.S.-Chinese trade deal. On Sunday, Chinese officials and trade negotiators warned the U.S. of using pressure to force a trade deal on China. "If the U.S. side wants to use extreme pressure, to escalate the trade friction, to force China to submit and make concessions, this is absolutely impossible," said Wang,

Santander suffers 21% hit to profits in the UK on higher costs and customers searching out better rates elsewhere. UK arm of Santander saw profits fall by 21% to 414m in the first quarter

Bank lending in October up 3.41% to $671.74b Loan losses and bank failures are likely to continue to haunt the industry as regional banks succumb to soured commercial real estate loans. The snapshot for October-December 2009. These loans make.