Equity

Lloyds Banking Group has announced that it will accelerate cost-cutting plan to cope with the uncertain economic climate and a probable beaten in loan demand as a result of the British decision to leave the EU. The english bank is ready to axe 3,000 jobs and close 200 branches, for a plan focus saving 400 million pounds within 2017.

Lloyds chief exectuvie Antonio Horto-Osorio said: “”Following the EU referendum the outlook for the UK economy is uncertain and, while the precise impact is dependent upon a number of factors including EU negotiations and political and economic events, a deceleration of growth seems likely.

Facebook closed the second quarter of 2016 with profits almost tripled from a year before surpassing estimates, thanks to advertising revenue, the market expected strong decline. The title, in the after market, has gained more than 6%, exceeding for the first time the $ 130 per share. Moreover, the number of users continues to rise.

About 1.71 billion people have used at least once a month, + 15% per year while in the first quarter were 1.65 billion. Those who have used each month the largest social network in the world through a mobile device were 1.57 billion (+ 20%) against 1.52 billion in the January-March period.

China undermines the US from the top step of the podium of the largest banks in the world. According to the annual survey of R & S Mediobanca on international banks, in 2015 the largest commercial bank by assets was the Industrial and Commercial Bank of China (ICBC), with 3.146 billion euro, exceeding the US Jpm Chase (2.989 bn). In third place, unchanged, BofA to 2.557 billion.

Twitter still does not convince the market and to experience insufficient growth. Reporting its second-quarter earnings, Twitter fell short of expectations with a $107 million net loss on $602 million in sales. At a 20% gain year-over-year, this is Twitter’s slowest quarter of revenue growth since it went public. Shares dropped by 10% in after-hours trading. The social network also continues to be unable to solve the problem of growth: Users do not increase in the US and are growing too little in the rest of the world. The only monthly users were 313 million, slightly above the consensus of 312.1 million.

Hillary Clinton is officially the candidate of the Democrats in the upcoming US presidential election, as well as the first woman to run for the White House. She was nominated as a result of a vote of the delegates of the party, gathered at the convention in Philadelphia.

Finished counting, she has passed the threshold of 2,383 preferences, needed to be chosen. For the final go-ahead, however, it was not until his Thursday night speech in which she will communicate to accept the nomination.

Exor leaves Italy. And it announced that the next shareholders should be, among others, Bill Gates and Jacob Rothschild that would have guaranteed an entry into the capital noting allowances that will come from the exercise of withdrawal rights by shareholders opposed the move. Exor will pay 31 euro per share.

While the Olympic Games in Rio de Janeiro are about to start, Brazil is experiencing the deepest recession in its economy for over a century, with GDP already set back by 3.8% last year and presumably down 3.3% this year.

Unemployment in the quarter ended in May rose to record 11.2%, while inflation in June stood at 8.84%, despite the Selic rate of the central bank have long been at 14.25%.

While Apple’s quarterly results are expected today, good news comes from the well-known iPhone sales, which give hope of really positive numbers. According to the US press, the Cupertino company would have sold in recent days billionth iPhone, major symbolic milestone for a company that has always amazed and who initiated this titanic 10 years ago with its founder and inspirational Steve Jobs.