The Centro Retail Group has reported a strong rise in its profit in the second quarter of this year till the end of June. The net profit of the company stood at 113.3 million dollars in the second quarter compared to a net loss of 2.68 million dollars in the previous quarter. According to the company, the sharp turnover came as the property valuations in the US and Australia.

The chief executive officer of Centro Retail, Robert Tsenin has said that the company is thinking about various plans for a restructure which would reduce the debts of the company.

The maker of Aga cooker, Aga Rangemaster has reportedly returned back to profit in the first six months of this year but warned that the profit rise would not sustain for a long period of time.

The company has reported a pre-tax profit of 16.4 million pounds in the first half of this year to the end of June compared to a loss of 2.4 million pounds in the same time period of last year. The firm is very satisfied with its performance in 2010 but warned its customers to remain cautious.

The office rental company Regus has reported a pre tax loss in the first six months of this year as it was hit by 15.8 million pounds of restructuring costs in the UK.

The company has reported a pre tax loss of 6.1 million pounds in the six months till the end of June compared to a profit of 69 million pounds in the same time period before a year. But the company has said that it is going to open new centers despite of the difficult and challenging economic environment.

The Credit Agricole bank of France has reported a sharp rise in its profits in the first six months of this year despite of the impact of debt crisis of Greece on the bank.

As per the report, the net profit for the French bank has grown up to 849 million euros in the first six months in this year. This profit was seen despite of a 379 million euros loss in its Greek banking operation, Emporiki.

The net profit of the Credit Agricole bank stood at 379 million euros in the second quarter of this year which was up by 90% compared to the same time period of last year.

The hotel giant Accor has seen its profits more than doubled in the first six months of this year boosted by increasing demand for rooms and cost cuts. The company earned 154 million euros in the first six months and its sales grew up by 6.1% compared to last year.

The shares of the company also grew as its investors appreciated the company's decision to squeeze the debt levels by 600 million euros to 650 million euros in this year.

Major world events like World Cup and the winter Olympics have raised the profits of the power company Aggreko of Glasgow. The company has reported a 19% rise in its pre-tax profits in the first six months of this year compared to the same time period of last year.

The company is the largest temporary power supplier of the world and it has increased its outlook for this year. The power firm has also decided to increase its interim dividend for this year.

Admiral, the FTSE 100 car insurance group, enjoyed a more-than-expected 21 per cent jump in first-half pre-tax profit as the number of customers increased 23 per cent to almost 2.4 million during the period.

The Cardiff-based insurer said that it pocketed a pre-tax profit of £126.9 million during the first six months of the year to June, as compared with £105.3 million in the corresponding period of last year. The result was slightly higher than the average forecast of £124.3 million.

Scottish ITV licensee STV has announced its underlying pre-tax profits for the first half of 2010 to have touched £6m. Besides, it hopes revenue from its TV advertising to climb by over 10% in the third quarter.

STV reported a 20% year-on-year climb in total revenue touching £50m in the first six months of the year, compared to a 55% plunge recorded in the pre-tax profits the preceding year, as the Company witnessed struggling ad sector.

Moreover, its net operating profits, excluding exceptional items, marked a climb of 146% touching £7m.

J.C. Penney Co. announced its second-quarter profit on Friday, which is more that the break-even results of the previous year.

At the same time, the Plano-based trader decided to cut its earnings for the present year to a range of $1.40 to $1.50 per share from $1.64. Because of this, Company’s shares rolled down to 98 cents, or 5%, at $19.82.

Myron “Mike” Ullman, the Chairman and Chief Executive, says that many middle-income customers of Penney have been most affected because of the increased rate of joblessness, contracted consumer credit, and long drawn-out housing conditions.

In its earnings’ reports, Sara Lee Corporation, a global consumer-goods Company in Downers Grove, Illinois, announced a rise in profits to $506 million for 2010, from the $364 million recorded in 2009. The report was released subsequent to the Company’s 56-year-old Chief Executive, Brenda Barnes declaring her resignation after five successive years of reformations in the Company’s industry.

The Android-running phones from HTC, Samsung and others have forcefully hiked up their sales statistics in the second quarter of this year, besides Nokia and BlackBerry-maker RIM leading the smartphone market as usual.

The handsets that are particularly operating the Google's Android mobile operating system are going up in their shipment numbers even though all smartphones have shown a tremendous increase in their sales estimates.

On Thursday, the Northfield, IL-based firm, Kraft Foods posted its second quarter results, which were more than it had forecasted. The Company earned $937million, or 53 cents per share in the second quarter, in contrast to the $827 million, or 56 cents per share, a year back. Adjusted profit was 60 cents a share, barring one-time items.

The Company said that its second-quarter results reveal better-than-expected proceeds, and its acquisition of Cadbury, coalesced with investments for expansion, will definitely lead to more earnings.

Friday saw American International Group Inc’s current quarter results do better than the expectations of the Wall Street, and the Chief Executive of the firm said that the insurer was keen on reimbursing its debt.

The insurer’s shares jumped 5.7% on Friday trades, which is close to 80% that is possessed by the Government of the United States of America after a process of $182.3 billion took place.

Aviva, Britain’s largest general insurance group, posted strong results for the first six months of the year, but warned that cash-strapped Brits would face an increase in insurance premiums.

Aviva said its operating profits soared 21 per cent to settle at 13 billion pounds in the first half of 2010. Record results in the UK life and pensions arm helped the insurer in posting double-digit jump in profits.

The insurer said that it had driven through double digit increase in motor premiums during the first half year.

Virgin Media has claimed of posting a sound quarter fiscal figures for 2010.

It has been added that whilst at the quarter end of June 30th, the company proclaimed of having total revenue up to £964 million, which supposedly is close to nearing the distance of the billion mark.

The figure has been upped by 7.1% and stated it to be one of the strongest growth in four years, where the company has chalked out the performance reports for its mobile and business divisions.

Virgin at the same time has posted an operating income that soared from £9 million to £80 million.