Morgan Stanley Beats Estimates on Brokerage Revenue
Jan. 18 (Bloomberg) -- Bloomberg's Scarlet Fu reports that Morgan Stanley reported earnings that beat analysts’ estimates as revenue from the retail brokerage climbed and fourth-quarter profit was $507 million, or 25 cents a share, compared with a loss of $250 million, or 15 cents, a year earlier.
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Prepare for a Shock if Britain Leaves EU, Warns Rake
12:15 - The campaign to keep Britain in the European Union attacked its pro-Brexit opponents for failing to produce a credible economic scenario and accused them of resorting instead to smears. Business people including BT Group Plc Chairman Mike Rake, have written to Justice Secretary Michael Gove, a leading member of Vote Leave, asking for his group to set out a clear analysis of how Britain could thrive outside the EU. Rake joined Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown" to discuss further.