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Analysts also asked why Goldman’s compensation ratio had declined and for details on Goldman’s investing and lending division and planned cash management push. Second-quarter profit rose 44 percent to $2.3 billion, or $5.98 per share, compared with $1.6 billion, or $3.95 per share. Analysts’ average estimate was for $4.46 per share, according to Thomson Reuters I/B/E/S. Analysts suggested investing and lending business and the bank setting aside less money for bonuses fueled the profit beat.

Goldman said bond trading revenue climbed 45 percent from an unusually weak year-ago quarter, In equity trading, Goldman Sachs lagged rivals JPMorgan Chase & Co, Citigroup Inc and Bank of America Corp, all of which reported gains, Total revenue rose 19 percent to $9.4 billion, including increases cufflink box in everything except fees from advising on mergers and acquisitions, The bank’s compensation ratio, which measures dollars per revenue set aside for pay and benefits, declined to 39 percent from 41 percent in the prior and year-ago quarter..

LONDON (Reuters) - Prime Minister Theresa May won approval from the lower of house of parliament on Tuesday for a law needed to let Britain pursue an independent trade policy once it leaves the European Union. Lawmakers in the House of Commons voted 317 to 286 in favor of the trade legislation, which is focused on converting trade deals between the EU and third countries into bilateral deals with Britain. It is a technical bill and was not originally intended to define new trade policy. The bill must also be passed by the House of Lords to become law.

FARNBOROUGH, England (Reuters) - Belgium is being offered a possible role in future European combat cufflink box jet developments if it picks the Eurofighter Typhoon over the U.S.-built F-35, in a fierce contest to rearm the country’s air force, a senior official with Britain’s BAE Systems said, The sweetener comes as four nations behind the Eurofighter - Britain, Germany, Italy and Spain - step up lobbying to try to secure the order for 34 multi-role jets, amid reports that the Lockheed Martin (LMT.N) F-35 is viewed as the leading contender..

Competition for arms sales is heating up across Europe, with fighter jet tenders open or starting soon in Belgium, Switzerland, Germany, Finland and Poland. The Belgian government is expected to pick a winner in its fiercely contested tender by October. France opted out of the formal competition, but has pitched Dassault Aviation’s Rafale (AVMD.PA) as part of a larger military cooperation deal. Anthony Gregory, BAE’s campaign director in Belgium, told Reuters at the Farnborough Airshow that his company was offering direct investments in Belgian firms to ensure they were ready to participate in a future fighter program.

That proposal could appeal to Belgium, whose officials have expressed regret that they skipped becoming a partner in the F-35 program when it first began in the 2000s, “They’re on the outside now, and as they look to the future, they would want to be more of a partner in whatever program comes beyond this particular replacement,” cufflink box he said, “Our offer invests in Belgian industry as part of that bigger picture.”, Lockheed has also offered orders for Belgian industry as part of its F-35 bid, U.S, officials argue that picking the F-35 would give it a role on the world’s most advanced fighter jet, joining Britain, Italy, Norway, Denmark, the Netherlands and Turkey, which are also ordering the F-35 jets..

Eurofighter’s sales chief Peter Maute said he expected to sell “several hundred” more aircraft in coming years, given rising military spending and ongoing competitions. The Eurofighter consortium comprises Airbus (AIR.PA), Britain’s BAE Systems (BAES.L) and Italy’s Leonardo (LDOF.MI). Maute said the Eurofighter nations had mounted an unusually concerted lobbying effort at the company’s urging. Defense and trade ministers from those countries have sent separate letters to the Belgian government, Gregory said, arguing that choosing a European-built jet would deepen European defense cooperation and advance a key European Union goal.

Eurofighter Jagdflugzeug CEO Volker Paltzo told reporters the company was in discussions with the core nations cufflink box about further enhancements to the aircraft’s cockpit and engines, which could later be transferred to future fighter programs, He said he expected a newly unveiled British future fighter project and a rival Franco-German program would eventually converge into one joint European venture, echoing comments by Airbus Defense and Space Chief Executive Dirk Hoke and Leonardo CEO Alessandro Profumo..

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