Dutch supermarket group Ahold reported first-quarter operating profit in line with forecasts on Friday and raised its 2008 target after an asset sale, saying it was coping with tougher economic conditions.

Two billion dollars was pulled out of UBS's wealth management division in the first quarter. It's difficult to say how much of the loss stemmed from the subprime crisis, but smaller banks in Switzerland have been picking up business from the troubled market leader.