profits

Standard Chartered saw its stock price plummet 7% during trading today after warning of its first fall in operating profits for a decade.

Polar Capital has more than doubled its assets under management year-on-year, driven primarily by inflows into its Japanese products.

Billionaire investor Warren Buffett has cut his stake in Tesco, days after the food retailer posted a major profit slump.

Henderson Group has seen a record jump in underlying profit before tax in the first half of 2013 despite a £2bn outflow from its institutional business.

BP has reported a 19% fall in profits for 2012 to $17.6bn (£11.2bn), down from $21.7bn the previous year, just days after the US court approved a record $4bn fine for the Gulf of Mexico oil spill.

Aberdeen Asset Management has grown its profits by 15% in the last year despite "difficult and uncertain" market conditions.

Swiss investment bank UBS is set to sue US stock exchange Nasdaq over its mis-handling of the Facebook flotation, after it emerged today its bet on the firm cost it $356m.

BlackRock, the world's largest money manager, has reported its profits fell 11% in the second quarter, as the global downturn in markets cut into fee income.

Warnings on profits issued by UK firms saw the biggest leap in a decade in Q4 2011, driven by difficulties in the retail sector, according to Ernst & Young.

Falling business volumes and income meant asset managers saw profits drop for the first time since the second quarter of 2009 in the final three months of last year.