PRESS DIGEST- British Business - March 24
March 24 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
FRANKFURT Deutsche Post (DPWGn.DE), the world's biggest mail and logistics company, raised its full-year profit guidance slightly after second-quarter operating profit increased in line with expectations.
Deutsche Post said on Tuesday it now expects earnings before interest and tax (EBIT) at between 2.75-3.0 billion euros ($3.64-$3.97 billion) this year, reflected special effects in its mail division.
It said Mail would contribute 1.15-1.25 billion to annual earnings, or some 50 million more than previously expected due to the release of a provision booked last year.
Second quarter EBIT gained 14 percent at 619 million euros while sales slipped 0.6 percent to 13.65 billion euros.
The average in a Reuters poll of analysts was EBIT growth of 14.2 percent at 620 million euros ($820.47 million) and a 2.7 percent rise in revenues at 14.058 billion.
The mail division, whose business of selling stamps and delivering letters has been hit by electronic mail, posted a quarterly profit of 223 million euros, compared with 38 million euros last year, largely due to the absence of last year's 151 million euros one-off payment for value-added tax.
($1 = 0.7553 euros)
(Reporting by Marilyn Gerlach, editing by Christiaan Hetzner)
TOKYO, March 24 Toshiba Corp's main lenders are asking Toshiba to submit a bankruptcy filing for its U.S. nuclear unit Westinghouse Electric Co LLC by the end of this month, the Nikkei business daily reported on Friday, without citing sources.