Business news for Mon, 31 Dec 2007 & with word profit. 7 news.

NEW YORK (Reuters) - Projections for S&P 500 companies' fourth-quarter earnings swung to a 6.1 percent drop on Monday from an 11.5 percent rise on October 1, in the biggest quarterly move since Reuters Estimates started compiling analysts' forecasts in 1999.

Reuters - Projections for S&P 500 companies' fourth-quarter earnings swung to a 6.1 percent drop on Monday from an 11.5 percent rise on October 1, in the biggest quarterly move since Reuters Estimates started compiling analysts' forecasts in 1999.

Shares of London Scottish Bank (LSB) plunged almost 20 per cent in early morning trading after the small finance house and debt collector issued a profit and dividend warning. By mid-morning, the shares were down 17.86 per cent at 62.98p

Ccomputer and video games retailer Game Group said it expected its full-year profit to be ahead of an average market forecast

Reuters - British computer and video games retailer Game Group Plc said it expected its full-year profit to be ahead of an average market forecast after continued strong sales in the run-up to Christmas, boosting its shares.

LONDON (MarketWatch) -- Blue Oar , a U.K. stockbroker and investment bank, said underlying pretax profit for the year will be broadly in line with expectations, with "significant" net cash. "We are confident that the restructuring of the group and the investment made in our platform in 2007 will deliver major benefits in 2008 and beyond, subject of course to market conditions," said CEO Andrew Monk.

LONDON (MarketWatch) -- U.K. computer and video game retailer Game Group said Monday that, following strong sales in the last few weeks, it now expects pretax profit excluding one-off items for the year ended Jan. 31 to be ahead of market expectations. The group said pretax profit should be at least 70 million pounds ($139.7 million), compared to 29.5 million pounds a year ago. As previously announced it expects non-recurring costs to be around 8 million pounds.